Digital vouchers enable households to receive benefits for verified emission reductions through a secure blockchain-based system. These vouchers (CARBON credit tokens) can be used to purchase approved products from authorized suppliers.
Digital vouchers are issued as CARBON credit tokens using the EIP1155 standard, with embedded attributes linking them to verified emission reduction certificates.
Suppliers make claims to convert received CARBON tokens to USDC through the liquidity pool
2
USDC → Local Currency
Suppliers convert USDC to local currency via payment processors
3
USDC → CARBON
Implementers swap USDC for CARBON tokens through the liquidity pool
4
CARBON → ITMO
Implementers convert CARBON tokens to ITMO claims with on-chain transfer proofs
5
ITMO → Fiat
Implementers convert ITMO claims and transfer prooofs to ITMO Certificates through National Registy
Implementers receive fiat payments for ITMO certificates through Mitigation Outcome Purchase Agreements (MOPA)
6
Fiat → USDC
Implementers convert fiat payments to USDC through a regulated exchange operator (Circle)