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We're currently implementing the Utility Emissions Channel and Net Emissions Tokens Network use cases together.
If you're interested, please check the calendar for the next call.
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Audited Emissions Channels
This is the first layer of trusted data which is the foundation of all climate action.
These are permissioned ledger (Hyperledger Fabric) data channels used by auditors to record audited emissions data. Like the hardware and devices tier of an operating system, these channels store data gathered from the real world and recognized emissions factors. The data could be audited emissions from emissions auditors, or they could be data from MRV auditors to record data for verifying carbon emissions reduction or sequestration. In both cases, the data could then be used to create tokens. For example, the Utility Emissions Channel takes utility bills, applies energy emissions factors, and calculates the emissions from utility energy usage.
By following the Multi Channel Data Architecture, data from different sources could be stored immutably to improve trust in the integrity of climate and emissions data.
Token Networks
This is the middle layer that gives financial value to climate activities and allow smart contracts to execute transactions and coordinate different parties' actions.
Once data for emissions and offsets are tokenized, they allow transactions to take place: paying for emissions reductions and offsets with tokens and smart contracts. These transactions are like the middle tier of services in an operating system.
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Distributed Autonomous Organization (DAO)
Finally, the DAO connects the climate action services to end This is the user engagement layer that connects the users – consumers, members of the public, monitoring agencies -- with climate action.
, etc. who are vested in their outcomes. A DAO allows members of a network to vote on governance issues, such as whether to accept certain emissions offsets or auditors, accept the data from an audited emissions channel, and upgrade the models for emissions accounting.
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