Blockchain and Carbon Credits

This engagement has led to cross-collaboration across the networks of the participants and yielded a number of case studies exploring the use case of distributed ledger technology across the environmental market value chain, particularly within the voluntary carbon market (VCM).
By leveraging web3 technology to align the global financial system with environmental needs, the utilization of blockchain technology aspires to increase transparency, security, and enable new and exciting applications for environmental assets. The case studies outlined in this report highlight the successes and challenges of these endeavors, while helping to paint a picture of the next few years of development for the VCM, and ultimately present actionable implementations of DLT that benefit market stakeholders.
The structure of this report follows the value chain of the carbon market, with an initial exploration of the value of DLT for securing the issuance of carbon credits into the market, i.e. serving as a bedrock for a trusted carbon registry infrastructure exemplified by the work of EcoRegistry.