Climate Action Data Trust (CAD Trust) is a new initiative that uses blockchain to create a decentralized log of carbon credits to store data from multiple major carbon registries. It plans to launch and share details in December.
The independent Singapore-based entity was founded by the International Emissions Trading Association (IETA), the World Bank, the Singapore government, other governments and public and private sector organizations.
CAD Trust is creating an open source metadata system and decentralizing the data using distributed ledger technology.
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