1
Digital records of GHG emissions should be represented by a standard in order for GHG attributes to be traded =carbon embodied in one unit.
2
Every certificate ought to include a distinctive identifier (a DID) that serves as the token (or digital doppelganger) that will be connected to a certain batch of goods, business, and location with existing carbon accounting rules, with sector-specific advice.
3
Information on GHGs will be validated by agreeing to a standard unit for various product kinds. The process is simpler, and businesses can value CO2 with greater ease.
4
These tokens (and particularly non-fungible tokens, or NFTs) are produced by blockchain-based platforms primarily through the use of smart contracts, which are computer programmes designed to automatically carry out, regulate, or record pertinent events and actions in accordance with the terms of a contract or an agreement.
5
​All pertinent data required for the recipient to evaluate the main characteristics of the emissions will be included in the digital twin of the standardised unit of emissions.
GreenCoin Token
There are many token standards that can represent individual GHG emission units, or a more comprehensive collection of data acquired throughout a supply chain. However, GC initiative’s intention is to standardise this!! (Refer further below in carbon data and ratings)