Can Crypto Help Cut Carbon Emissions? A Web3 Project Builds an App to Prove it

With no doubt, overproduction and rising consumption are a major driver of today’s embodied-carbon problem. Despite this, peer-to-peer reuse has struggled to scale because users don’t trust listings, ratings or dispute processes on existing platforms.

In order to solve this, an emerging Web3 project – Swiss-registered ivault – is building a blockchain-based marketplace to power the shared economy and help reduce carbon footprint.  

Founded by Arman Sarhaddar, it aims to do so by tokenising neighbourhood sharing and helping restrict overconsumption

What exactly does ivault do?

When Arman Sarhaddar founded ivault, the pitch was simple: the unused stuff like drills and screwdrivers in people’s homes is of latent value. But according to Arman, with the right digital incentives, it can be kept in circulation for other people’s use and stop the unnecessary new production.

His project, ivault, has built a mobile-first neighbour marketplace that rewards users for lending, renting and donating shared items using its on-platform token called $IVT. Users list an item, arrange a handover, and earn Eco-points and native IVT tokens for verified sustainable actions. 

With this, it turns idling possessions into shared assets for crypto rewards. 

How it is Using Blockchain to Create Trust-Based Shared Economy

A major barrier for P2P sharing has always been identified as “trust”: will the borrower return the item, who owns it, and who handles disputes?

According to the team, ivault’s patented blockchain timestamping creates a tamper-resistant proof-of-ownership certificate – a digital twin for each listed item. That immutable record is set to reduce fraud, improve ratings reliability and provide a clear audit trail for any disputes.

Thus, because provenance is recorded on-chain, the app attaches Eco-points and IVT rewards to verifiable actions – e.g., a confirmed handover – improving the integrity of its incentive model.

Instead of charging a commission or percentage, ivault applies a flat $1 fee per transaction, regardless of the item’s value. It can offer it superior transparency compared to traditional platforms like eBay or Amazon. Other similar web projects are in nascent stage and web giants like Amazon have a limited rental model and only in niche categories like textbooks.

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Can its TikTok Like Model Make it StandOut?

The concept seems appealing for both the investors and users in general. Peer-to-peer sharing models have been estimated to reduce product-related carbon footprints by up to 30% in certain sectors. 

Today, the consumers are more conscious of waste with the regulators across the world pressing for innovative sustainable ways of fighting the climate impact. In this scenario, a blockchain-based rewarding P2P sharing app, ivault, does make sense for practical policy and commercial appeal.

The incentivized use of rewarding IVT tokens and eco points is going to be beneficial for users, driving them more frequently to ivault’s marketplace

Commercially, the project does also have chances of potential partnerships with eco-friendly brands, municipalities, and sustainability programs to encourage adoption. Besides its users’ revenue, these could bring in B2B revenue streams in the future. 

According to its founder Arman, in order to drive the GenZ users, the platform is planning to follow a TikTok-like model. Rather than just posting pictures of items up for sharing, it allows users to create “item reels” as well. This is intended to drive creativity and ensure participation in its marketplace.

As part of its roadmap, ivault aims to onboard 1 million users with partnerships, referral system and simple UI/UX app, in the next 12 months.

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