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Note that the carbon emissions token is a fungible token, whereas data on the utility emissions channel are non-fungiblejust immutable data (not tokens), as they represent the emissions from a particular meter tied to a particular utility during a particular period of time. This is a common feature of transforming non-fungible data into fungible tokens and could be handled in the same way as securitizing mortgage loans into mortgage-backed securities, bundling stocks into exchange traded funds, and other financial structures. The non-fungible The underlying data, such as the utility emissions records, should be updated to link to the particular fungible token. The fungible token should contain a manifest of all the non-fungible underlying data which went into it.
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