Blockchain technology improves transparency in carbon credits by maintaining an immutable and decentralized ledger that tracks every transaction from issuance to retirement, ensuring each carbon credit is uniquely attributed and preventing double counting[1][2]. This traceability fosters trust among buyers and sellers in voluntary carbon markets, as it provides verifiable records and reduces instances of fraud[6].
Emerging pilots, such as those in China and Estonia, highlight blockchain's application in enhancing carbon trading schemes and environmental management, respectively[6]. These projects demonstrate the potential of blockchain to create reliable, transparent systems that bolster market integrity and encourage wider participation in carbon offset initiatives[5].
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