This week the Climate Action Data Trust (CAD Trust) announced that the Kingdom of Bhutan has fully integrated with the CAD Trust Metadata Layer. It’s the first national registry to do so. CAD Trust holds a log of Bhutan’s registry data. The Metadata layer aims to store carbon data across numerous carbon registries. By creating a single source of truth on its decentralized blockchain it helps prevent double counting of carbon credits.
CAD Trust was founded by the World Bank, the International Emissions Trading Association (IETA) and the Government of Singapore and launched late last year.
Forests cover almost three quarters of Bhutan’s territory helping to make it the first carbon negative country.
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