In recent news, Carbonable, a blockchain-based carbon tracking platform, has secured $1.2 million in seed funding. Carbonable is an Ethereum-based platform that enables users to track and manage their carbon emissions. The platform provides users with a secure and transparent way to track their carbon footprint, as well as to purchase carbon credits from other users.

The funding was led by venture capital firm Draper Associates, with additional support from the Ethereum Foundation, ConsenSys, and the Climate Change Investment Fund. The funds will be used to further develop the platform and expand its user base.

Carbonable was founded in 2018 by CEO and co-founder, David Breslow. The platform is designed to make it easier for individuals and businesses to track their carbon emissions and take action to reduce them. It also allows users to purchase carbon credits from other users, which can be used to offset their own emissions.

The platform is powered by the Ethereum blockchain, which provides a secure and transparent way to store and transfer data. This ensures that all transactions are immutable and secure, making it difficult for malicious actors to tamper with the data.

The platform also provides users with a variety of tools to help them better understand their carbon footprint and take action to reduce it. These include an emissions calculator, a carbon offset calculator, and a carbon credit marketplace.

The Carbonable platform is currently in its beta phase and is available to a limited number of users. The company plans to launch the full version of the platform later this year.

The seed funding will help Carbonable continue to develop its platform and expand its user base. This is an important step in helping to reduce global carbon emissions and combat climate change. By providing individuals and businesses with a secure and transparent way to track their carbon emissions, Carbonable is helping to make a real difference in the fight against climate change.