Rocky Mountain Institute Proposes DLT-Based Protocol for Tracking Climate Emissions

The Rocky Mountain Institute has proposed a protocol for tracking climate emissions based on DLT technology, according to CoinDesk. Under a generic protocol, the system would leverage the principles of distributed ledger application architecture by providing a way to attribute the source and progress of supply chain operations and associated emissions to independent stakeholders. In this way, the solution will enable a higher level of verifiability, transparency and fault tolerance. The solution’s open source attribution protocol will allow anyone to define, track and trace emissions, and report disclosures. It will also allow anyone to buy and sell physical goods and digital attributes and their associated credits (e.g., carbon offsets and carbon offsets).
RMI (Rocky Mountain Institute) is a nonpartisan, nonprofit organization dedicated to transforming the global energy system throughout the real economy.