Accelerate and its strategic partner, Veritree Technology Inc. (“veritree”), created ABTC’s category-creating decarbonization initiative. Veritree serves as a blockchain-based, integrated planting management system that connects sponsors of projects directly with the impacts on the ground. The system was built to solve many of the problems facing tree planting and nature-based solutions across the globe: double counting or lack of additionality, poor monitoring for permanence, and inability to collect usable data. Up to 10% of ABTC’s 0.69% management fee will be allocated to Accelerate’s annual tree-planting campaign. The initial decarbonisation initiative will be focused on planting mangrove trees in Madagascar.