Along with operational mechanism to issue carbon credits verified by independent entities, DAO IPCI is successfully testing IoT and automatic verification module to issue tokens representing renewable energy – based carbon credits. As the data is verified on public blockchain, it is transparent, reliable and cannot be falsified or used twice.
Initially, for demonstration purposes the Independent Entity uploads the original data to IPFS and transfers it to DAO IPCI DApp . The Independent Entity does not have to calculate the results “manually”. The amount of tokens representing resulting reductions is calculated automatically and the Issuer may issue equal amount of RE specific tokens. Once the algorithm is tested and reviewed by environmental auditors and the community, the operations would be performed in self-executing mode.
See the presentation HERE
https://www.youtube.com/watch?v=Z5mRlXlNSgo
