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Green and sustainable bonds are expected to reach a record $ 350 billion in 2020. Evercity’s platform aims to democratize impact finance and solve the “impact scrubbing” problem by enabling such bonds on blockchain, in attempt to help close the $ 2.5 trillion annual sustainable development goals (SDGs) investment gap.
Its protocol is specifically designed to support the entire life cycle – structuring, issuing and reporting – of sustainability-related bonds. Blockchain plays a central role in the level of financial transactions in this, Evercity co-founder and CEO Alexey Shadrin told Delano. “One time [data] it is inserted into the blockchain, it remains there, immutable and no one can do anything suspicious or fraudulent[ulent], “He said.” The green finance market is sadly exposed to fraud … but once we get this real data and put it into the blockchain, we can guarantee that the impact was real, it was responsible. “And it’s through this unique value chain of impact that it is possible to issue green bonds or carbon credits.
Shadrin heads the financial working group of the United Nations-backed Climate Chain Coalition, which celebrates its third anniversary this December. He is also co-founder – along with Evercity co-founder and design / marketing director, Liza Romanova – of the Russian Carbon Fund, which he says is “one of the few impactful funds in Russia and active since 2011”.
By 2021, the SSB protocol is expected to be seamlessly integrated with Internet of Things sensors which in turn provide an automatic coupon rate calculation, which Evercity says will not only improve transparency and reduce broadcaster expenses, but will also open the doors for small-scale projects in development. countries. The team will present their work at the COP26 UN climate summit in Glasgow in November 2021.
Ambitious plans for Luxembourg
Shadrin, who now lives in Moscow, said Evercity is currently in the process of registering Evercity in Luxembourg City, due to be completed in January 2021. Currently seven forts, Evercity plans to relocate its headquarters to the Luxembourg House of Financial. Technology (Lhoft). He said Luxembourg is attractive not only for its geographic location and its being a financial and European center, but also for its advanced digital finance regulations and commitment to sustainable finance. It also allows the team to be at the heart of the European Green Deal.
And his plans are ambitious. “Hopefully, we want to launch a financial center for the Digital Sustainable Development Goals in Luxembourg, or [some] initiative with regular publications, ”he explained, adding that Evercity currently already provides a regular bulletin with developments in their areas of expertise.
Evercity cares about technology and the United Nations 2030 Agenda, but not only. “We are ecosystem builders, we organize hackathons [and] accelerators “, added the CEO.” And we are able to find various solutions that we can insert into our platform to make it happen [even] harder.”
