Process of Certifying Positive Climate Impact Events
The certification process of Positive Climate Impact Events in Circularity Finance is meticulous and aligns with global sustainability standards.
Data Collection via Smart Assets: IoT devices, referred to as 'Smart Assets', are deployed to collect real-time data on various environmental parameters and activities that contribute to sustainability.
Validation Against Green Cross Methodology: The data collected from these Smart Assets is then validated against the methodologies and standards set by Green Cross International. This ensures that the data is accurate and the resulting actions are genuinely beneficial for the environment.
Creation of Digital Assets (NFTs): Once the data is validated, it is converted into digital assets, specifically NFTs. These NFTs represent the certified Positive Climate Impact Events, providing a transparent and immutable record of sustainable actions.
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