4.2.5. Tracking Offsets on the Blockchain
Users are able to track all offsets on the blockchain, and it is available to be accessed and checked by anyone within the Enrex ecosystem. As the CO2 allowances and renewable energy certificates are cancelled on the OG registry, the link in the chain is provided to deliver proof of cancellation and are stored on a decentralised database as proof of ownership.
Traceability has emerged as a prime requirement for multi-tier transaction activities. Nowadays, it enables visibility and caters to consumer and user requirements of transparency and quality of work assurance. So, offset tracking will not fall behind, hence, implementing a similar type of tracing within the Enrex ecosystem.
Last modified 9mo ago