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

4-4. Prevent double counting of carbon credits

The Certified Carbon Credit NFT represents the right to request the transfer of certified carbon credits. The actual carbon credits are issued by the carbon credit certification authority, such as the Ministry of the Environment in the case of J-Credit. When offsetting, it's carried out according to the rules of the carbon credit registry, like J-Credit, ensuring that carbon credits are never double-counted.

On the other hand, there's a risk that even if one holds an Certified Carbon Credit NFT, the project implementer who possesses the natural resources might sell the associated carbon credits to a third party. As a result, the holder of the Certified Carbon Credit NFT might be unable to exercise their rights tied to the NFT.

Therefore, when dealing with the environmental value of carbon credits and the like at SINRA, we enter into an agreement with the project implementers who hold the natural resources. This contract ensures that these environmental values cannot be transferred to third parties nor can they be offset by the implementers themselves, thereby maintaining the rights of the Certified Carbon Credit NFT.

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Last updated 1 year ago