Sei Blockchain Achieves Carbon Neutrality Through Innovative Renewable Energy Solutions
As builders of innovative blockchain infrastructure, the teams at Sei Labs and Foundation understand the imperative to address the sustainability of blockchain technology. The environmental impact of energy-intensive processes, notably in proof-of-work (PoW) blockchains like Bitcoin, has spurred a collective effort within the industry to reduce carbon footprints.
Sei is not content with merely acknowledging these concerns; instead, it is going beyond industry norms. The Sei Blockchain is now operationally carbon neutral, a feat achieved by sourcing 100% of its energy from renewable sources. This commitment sets Sei apart as a responsible and environmentally conscious blockchain platform.
To achieve this groundbreaking initiative, Sei Labs is leveraging a first-of-its-kind Regulated Wrapped Assets (RWA) primitive: Tokenized Renewable Energy Certificates (RECs) issued by Jasmine Energy. These RECs provide an innovative solution to ensure transparency and traceability in the renewable energy used by the Sei Blockchain.
The Sei Blockchain operates on a "proof of stake" (PoS) consensus mechanism, consuming a remarkable 99.9% less energy compared to traditional "proof of work" blockchains. This move significantly reduces the environmental impact, allowing Sei to maintain efficiency while minimizing energy consumption.
Sei Labs, in collaboration with Jasmine Energy, is taking the green transition a step further. The Sei Foundation is committing to issuing grants to finance the purchase and retirement of Renewable Energy Certificates (RECs). For every megawatt-hour (MWh) of energy used by the Sei Blockchain, the foundation will purchase and retire at least 1MWh of RECs. These certificates, marked as "Green e-Certified" RECs, adhere to the highest corporate standards, providing a fully traceable history of ownership from energy generator to consumer.
