Blockchain-based Token Marketplace
Function
Blockchain-based marketplace that enables the tokenization and trading of carbon credits within the framework of the European Carbon Removal Certification Framework (CRCF). The platform integrates smart contracts to manage project certification, auditing, and credit transactions, ensuring transparency, efficiency, and compliance with regulatory standards. It leverages the ERC-20 standard for payments and the ERC-721 standard for non-fungible carbon credit tokens. The system includes distinct roles such as Operators, Certification Schemes, Certification Bodies, Central Offset Registry, and Buyers, ensuring a structured and verifiable carbon credit trading process.
It contributes to Farms4Climate providing a decentralized and transparent platform for carbon credit certification and trading. It allows small-scale farmers and agri-food businesses to quantify, certify, and commercialize their carbon capture efforts, aligning with EU climate goals.
Utility
The marketplace provides a digital infrastructure for managing carbon credit projects, verifying emission reductions, and facilitating transparent trading. The platform enables geospatial data integration to connect additional information about land properties, soil conditions, and carbon sequestration potential, enhancing the credibility and accuracy of carbon credits.
Beneficiaries:
- Operators (Farmers, Landowners, Carbon Project Developers): Implement sustainable carbon capture practices and produce carbon credits.
- Certification Schemes: Define methodologies, approve projects, and accredit Certification Bodies.
- Certification Bodies: Audit projects, certify carbon credits, and ensure compliance with CRCF standards.
- Central Offset Registry: Maintains a secure registry and marketplace for carbon credits, ensuring traceability and preventing double counting.
- Buyers (Companies, Governments, NGOs): Purchase certified carbon credits to offset emissions and meet sustainability goals.
- Researchers & Policymakers: Utilize the marketplace's transparent data to improve environmental strategies.
Status
Beta version available
Last update: 29 October 2024
Access
Follow this link to access.
Open access: Any user can browse marketplace content without registration.
Registration required for operations: To conduct transactions, users must register under a specific role (e.g., Project Operator, Certification Body, Buyer, etc.), and their registration must be verified by an accredited entity.
Contact person
Diego Valdeolmillos Villaverde (Air Institute) - dval@air-institute.com