Protocol Components

Cross-Chain Communication Layer

This system enables the seamless transfer of environmental credit data across diverse blockchain networks. It ensures that credits from both on-chain and off-chain registries can be tracked, retired, and audited, to provide composability regardless of the origin.

Purpose: Bridging, Minting, and Retirement services.

Components: APIs, Smart Contracts, Oracles, ecoLedger, ecoToken Retire, Minting, and Bridging services.

Credit Tracking Layer

A robust system that meticulously tracks the journey of each carbon credit from its on-chain creation through to its retirement. This system ensures that every step in the life of a credit is immutably recorded, providing a transparent and verifiable trail for stakeholders. This ensures that credits do not exist on multiple chains to be double counted.

Purpose: Auditing, Impact Verification, Leaderboards, Rewards.

Components: Blockchain Registries, Off-chain Registries, ecoLedger.

Project Minting Layer

Designed to integrate environmental credit projects into the ecoLedger ecosystem. It supports three key use cases: existing projects on blockchain registries, existing projects on off-chain registries, and new projects initiated directly on ecoLedger. This system enables the digitization and tokenization of credits, facilitating their management, trading, and retirement across various blockchain networks and registries.

Purpose: Digitize projects and credits directly with ecoLedger.

Components: ecoLedger, ecoToken Bridging service.

DApp Layer

A decentralized application with a user-centric interface that offers easy access to interact with ecoLedger. This includes purchasing and initiating their retirement via cryptocurrencies or fiat. The interface is designed to be intuitive, catering to users with varying levels of blockchain expertise.

Purpose: Purchasing, Minting, and Retiring Cross-Chain ecoCredits.

Components: app.ecoToken.earth.