What is digital carbon?

What is digital carbon?

The term 'digital carbon' refers to a carbon credit that has been bridged from an off-chain carbon registry and tokenized, so that the credit now exists solely on a public blockchain (e.g. Polygon). In being brought on chain, digital carbon inherits the immutability, transparency, and trust of the underlying blockchain database.

Just like off-chain carbon credits, a digital carbon credit represents a verified metric ton of carbon removed or avoided by an individual carbon reduction project at a certain point in time. Also like traditional credits, digital carbon can be bought, sold, and retired – but with much greater transparency and ease. A further advantage of digital carbon is that it is a 'money Lego' – it is programmable and can be used to power applications, enable new use cases, and ultimately, dramatically scale financing to carbon reduction projects.