Carbon Emission Token Specification

Envision Blockchain and Microsoft have put together a draft of the Carbon Emission Token Specification. CET tokens are useful for tracking carbon emissions within a supply chain as it allow for CETs to follow items through the supply chain between parties. This allows for carbon tracing for commodities and an enables accounting for total carbon emissions for finished goods to be calculated and traced to sources. You can view the entire CET token specification here. 

“The token-driven economy can unlock massive amounts of value. While today’s voluntary carbon credit system is estimated to be in the billion-dollar range, the required accounting is time-consuming and expensive, which can deter potential investors. The IWA efforts aim to make it much simpler. The Carbon Emissions Token (CET), a draft Token Specification Template in the IWA’s Token Taxonomy Framework (TTF), is an excellent first step in establishing a standard methodology for individuals and businesses around the world to begin leveraging. The key takeaway is that this is a global initiative requiring all businesses and governments around the world to cooperate and interoperate, regardless of the state machine being used, in order to properly account for all emissions as it relates to individual climate pledges,” said Jason Pancis, co-founder and COO of Envision Blockchain.

About Envision Blockchain Solutions

Envision Blockchain Solutions is a Blockchain Ledger Agnostic Systems Integrator. Our mission is to reshape and align today’s Enterprise systems allowing organizations to recognize the new value in tomorrow’s Industry Vertical Solutions. The management team has years of Fortune 500 experience and has built a team of subject matter experts in Blockchain and Business Transformation Processes within Emerging Technologies. We focus on guiding organizations through 3 major milestones on their Blockchain journey: Use Case Analysis, Proof of Concept Development and Enterprise Scaled Deployments.