SINRA White Paper
English
English
  • Summary
    • Catch Your Own Butterfly
    • Project Scheme
    • Regenerative NFTs
  • 1. Introduction
    • 1-1. Introduction
    • 1-2. The three distinctive features of SINRA
  • 2. Carbon credits derived from natural resources
    • 2-1. NBS（Nature Based Solution）
    • 2-2. Carbon credits
    • 2-3. Carbon credits and offsets
    • 2-4. Social Impacts
  • 3. Regenerative NFT
    • 3-1. Project scheme
    • 3-2. A Regenerative NFT with multifaceted value
  • 4. Carbon credits and their relationship to Regenerative NFTs
    • 4-1. State of Regenerative NFTs
    • 4-2. Rights that Regenerative NFT represent
    • 4-3. Flow of consolidation of carbon credits with Regenerative NFT
    • 4-4. Prevent double counting of carbon credits
    • 4-5. Why SINRA promotes the creation of carbon credits
  • 5. Specifications of SINRA's Regenerative NFT
    • 5-1. Purchase Unit
    • 5-2. Status and Art Drawing
    • 5-3. Year in which carbon credits are generated.
    • 5-4. NFT validity and expiration date
    • 5-5 Uncertainty in environmental value creation
    • 5-6. Traceability
    • 5-7. Offset
    • 5-8. Utility
    • 5-9. Secondary distribution
    • 5-10. Sustainability of Regenerative NFTs
  • 6. Architecture
    • 6-1. Architecture
    • 6-2. Information held by the SINRA system
    • 6-3. Information held by the CONTRACT
    • 6-4. metadata specification
    • 6-5. control panel
    • 6-6. Security measures for SINRA systems
  • 7. marketplace
    • 7-1. primary sale
    • 7-2. Price
    • 7-3. commission
    • 7-4. secondary sale
    • 7-5. carbon offset
  • 8. Advantages of owning Regenerative NFTs (individual and corporate)
    • 8-1. Personal Advantages
    • 8-2. Corporate Advantages
  • 9. governance
    • 9-1. Decisions on SINRA product development
    • 9-2. Community of Regenerative NFT Holders
  • 10. NFT Issuing Company
    • 10-1. Company Information
  • Appendix
    • reference document
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  1. 4. Carbon credits and their relationship to Regenerative NFTs

4-3. Flow of consolidation of carbon credits with Regenerative NFT

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Last updated 1 year ago

The flow from the creation of the Regenerative NFT, its linkage with carbon credits, to the offsetting of the credits is illustrated in the chart below, using J-Credit as an example.

At SINRA, during the expected issuance stage of carbon credits like J-Credit, we can issue an Uncertified Carbon Credit NFT representing the right to transfer the said carbon credit. Through the action of purchasing an Uncertified Carbon Credit NFT, both individuals and corporations can support activities leading to the creation of carbon credits, which in turn promote the conservation and regeneration of natural resources.

After the carbon credits are certified by the carbon credit certification authority, by updating the carbon credit information in the NFT's metadata, the Uncertified Carbon Credit NFT is then upgraded to an Certified Carbon Credit NFT.

Ultimately, the carbon credits will be used by Japanese companies to offset their greenhouse gas emissions. As the Regenerative NFT will no longer be linked to the carbon credit, the respective NFT becomes non-transferable. However, its value as art remains intact, and its utility can still be utilized continuously.