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Toucan Protocol
Programmable carbon for Web3
- 21-100 employees
- B2B
- Cryptocurrency
- Marketplace
- Energy
- Sustainability
- Investing
- Trading
- Blockchain
- Environmental
- Web 3.0
- Sprengelkiez, Berlin, Germany
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Company mission
Toucan Protocol's mission is to make DeFi work for climate finance.
Our take
The blockchain has been hounded in many circles as an enemy to environmental protection and climate safety - but the tide appears to be turning. Toucan Protocol is one company that is helping tip the balance. It tackles the knotty, labyrinthine system of carbon offset tokens, which are currently distributed and registered by an unregulated collection of private standards bodies. Toucan is a market infrastructure that takes these disparate credits and bridges them to cryptocurrency, then pools them into standardized categories, thereby creating a single source of truth - and a liquid market.
The hope is that this will stop the fraudulent double-reporting of carbon credits, as well as allow companies the attractive option of selecting brand-aligned credit bundles. It seems a no-brainer: companies are under increasing social and regulatory pressure to transparently demonstrate environmental responsibility. Doing so on the Blockchain will put up a PR firewall between themselves and the increasingly murky antics of unregulated carbon credit registries.
However, it’s not a project without risk. It carries the same issues as the voluntary carbon market at its core - and compounds them with the volatility of the cryptocurrency market. Regardless, it’s an exciting development in a critical sector, making impressive strides and turning a lot of heads.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- Remote 1st
- Unlimited Holiday
- Home Office setup
- Flexible working
Leadership
Raphaël Haupt
(Co-founder)Was entrepreneur in residence at Deep Science Ventures, working on regenerative currency that incentivises the reduction of carbon emissions. Subsequently moved on to found Curve Labs, focusing in particular on energy and negative emission markets.
James Farrell
(Co-founder & CTO)Has extensive developer experience as a self-employed full-stack engineer, freelancing with companies like Zalando, Maison Sport, and BokaKanot. Went on to co-found Topia, and regenerative currency design company Deep Science Ventures.
Julian Sommer
(Co-founder & Partner/Chairman)Brings extensive managerial experience to the company, including serving in leadership roles at Standord University's Blockchain Society La, ixo.world, and South Pole.