CLNK An open approach to carbon credits
  • The challenge
  • The basics of how carbon credits work now
    • What is a carbon credit?
    • Why are carbon credits used?
    • How do the carbon markets work now?
    • What does carbon neutral or positive mean?
  • Blockchain and CLNK basics
    • Blockchain 101
    • How will CLNK disrupt Carbon Markets
      • Blockchain-native carbon credits
      • Digital MRV
    • What is CLNK building?
      • CLNK Carbon Kit
        • Project Application
        • Ton Approval
      • CLNK Green Network
        • Pilot Project
          • Improved Cookstoves
          • System Overview
          • DMRV Implementation
          • Implementation Plan
        • Automated Approval
        • Data Integrity
        • Future Improvements
    • How can a Project Developer get started?
    • How can you get involved?
  • CLNK TOKENOMICS
    • What is tokenomics?
    • Tokens
    • Staking
    • CLNK validator and rewards
    • Credits
  • Participation in CLNK
    • Governance
    • Joining the team
  • Use Cases
    • General public
    • Businesses
Powered by GitBook
On this page
  • System Overview
  • Number of tons
  • Link to data
  • Collateral
  • Verification
  1. Blockchain and CLNK basics
  2. What is CLNK building?
  3. CLNK Green Network

Automated Approval

Don't trust. Verify.

PreviousImplementation PlanNextData Integrity

Last updated 2 years ago

System Overview

To submit an automated approval, a project developer will need to submit three things:

  • Calculated number of tons

  • Link to data

  • Collateral

Number of tons

To calculate the number of tons mitigated or removed by your project, you can put your data through a simple interface, which will calculate emissions against the baseline. At the end, the calculated number of tons will be returned.

Link to data

Once uploaded to IPFS, you will receive an identifier, used to direct others to the data.

Collateral

Collateral is required to deter bad actors and uphold the integrity of your carbon credits. Once you have calculated the number of tons you are claiming, you will be able to see how much collateral is required to back your claim.

Your collateral is held securely until the claim window is closed (approx. 30 days). Upon a successful claim, the collateral is returned back to you.

Once you have submitted these 3 pieces, the claim can be submitted.

Verification

The supplied information can be used by anyone to verify the project developers claims - the calculations are rerun and the data is checked for any anomalies. If any complications arise, the verifier can submit a dispute on the claim. This claim is then elevated to the top layer of arbitration - the specified claim can then be assessed programmatically and settled conclusively. The verdict can then be issued and, if successful, the tons are released, if unsuccessful, no tons are released and the collateral is seized and paid out partially to the verifier.

To make sure the data is stored in a safe and secure way, we require project data to be stored on . We will be releasing a step-by-step guide on this process shortly.

IPFS