►
From YouTube: Filecoin Green Virtual Meetup-January2023
Description
A green, sustainable web3 ecosystem is the future. Join us this month for a special edition carbon offset roundtable. Send in questions ahead of time to events@protocol.ai and we look forward to seeing you there!
A
Welcome
we
we
have
the
Falcon
green
Meetup
every
month
and
it
was
Mark's
idea,
Mark
who's,
who's
on
the
Falcon
Green
Team
and
is
very
plugged
into
the
carbon
offset
space
in
the
vcm
to
have
a
a
Roundtable
discussion
about
some
some
really
interesting
developments
that
have
been
happening
recently
in
the
vcm
space
he's,
unfortunately
sick.
He
was
going
to
moderate
this
conversation
and
wasn't
able
to
today.
A
We
want
to
you
know:
I
think
the
first
thing
to
say
is
in
a
week
right,
so
there's
there's
been
a
ton
going
on
in
the
space
over
the
past
week.
One
of
the
things
that
happened
was
Vera
in
the
second
half
of
2022,
asked
for
public
comments
about
how
the
voluntary
carbon
Market
so
Vera
and
other
groups
that
are
that
are
are
issuing
carbon
offsets
can
work
with
crypto
and
web
3
in
general
in
order
to
tokenize
and
trade
carbon
offsets.
A
You
know,
as
I
said,
it's
been
a
week
right.
Another
thing
that's
happened.
Over
the
past
week,
there
was
an
article
released
by
The
Guardian.
There
were
many
reactions
to
this
article
about
the
the
Integrity
of
of
red
plus
forestry
offset.
Specifically,
there
were
a
bunch
of
reactions
to
the
reactions
to
the
article
and
I
want
to
I
want
to
propose.
You
know
a
few,
a
few
boundaries
on
this
discussion.
This
is
a
guideline.
A
A
A
This
is
a
huge
amount
of
data
storage
capacity
that
we
have
access
to
in
one
three.
How
can
we
use
that
to
to
improve
validity
and
and
and
trusting
carbon
markets
right
and
then
third
is-
is
next
Generation
methodologies,
right
which
a
lot
of
people
are
working
on
here.
I
also
just
want
to
do
a
quick
plug
really
quickly.
If
you
are
going
to
be
in
Boston
in
April,
3rd,
13th
and
14th,
please
come
to
the
sustainable
blockchain
Summit.
A
B
A
So
so
it's
a
forum
for
bringing
together
people
who
know
a
ton
about
web3
and
people
who
know
a
ton
about
sustainability
to
work
together
on.
How
can
we
use
the
new
tools
that
we
have
in
order
to
solve
these
problems,
and
so
so
just
to
kick
things
off?
We
have
an
awesome
group
of
people
here
today.
If
you
know
a
ton
about
how
to
tokenize
carbon,
how
carbon
offsets
work
and
really
where,
where
we
should
go
from
here
right.
A
C
Thanks
for
having
me,
my
name
is:
I
am
working
for
Vera
as
the
Director
of
financial
Innovation.
I
am
leading
a
lot
of
the
work.
That's
focused
on
launching
our
new
projected
carbon
unit.
This
quarter
I'm
also
spending
a
lot
of
time,
focusing
on
how
Vera
can
approach
tokenization
I'll
stop
there
thanks.
D
Yeah
thanks
so
much
for
for
bringing
us
together.
My
name
is
Amira
and
I
run
public
policy
and
climate
strategy
at
the
Solana
Foundation.
We
Advocate
on
behalf
of
the
Solana
blockchain,
which
is
a
really
high
performance,
really
fast,
really
cheap
and
really
energy
efficient,
blockchain,
that's
highly
scalable
and
in
my
role,
I
do
everything
climate
related!
That's
everything
from
helping.
E
To
be
here
today,
I'm
nirvan
ranganathan
of
the
climate
Collective,
where
I
lead
technology
initiatives,
the
climate
Collective.
We
are
an
innovation
Network
consisting
of
of
Builders
climate
scientists,
investors
and
a
number
of
other
Market
participants
in
this
space,
all
trying
to
build
a
more
trusted
and
liquid
market
for
digital
environmental
assets.
I'm,
particularly
interested
that
we
seemed
with
the
Vera
commentary.
We
had
the
response
and
then
the
guardian
article
in
the
same
week.
So
a
lot
to
a
lot
to
dig
into
here
and
looking
forward
to
the
discussion.
G
H
Hi
everyone
similar
to
Harry
workout
fellow
I'm,
the
co-founder
and
now
Chief
strategy
officer.
My
role
is
to
build
out
the
the
future
of
the
carbon
markets,
as
it
aligns
with
fallow's
ambitions
and
goals.
How
we
see
the
near-term
medium-term
and
long-term
development
of
this
Marketplace
and
its
association
with
blockchain.
D
G
J
G
A
J
D
A
Awesome
cool:
what
is
just
just
so
people
understand
what
does
Aida
do?
Can
you
can
you
give
a
I
feel
like
Aida
is
one
of
these
bodies
that,
like
is,
is
around
in
the
space
and
is
doing
a
lot
of
really
useful
work?
That
like
can
you?
Can
you
kind
of
level
set
how
how
I
eat
a
operates
in
the
space
cool,
so.
K
K
A
number
of
our
members
are
here
today
be
a
kind
of
fairer
fellow
toucan
Etc,
and
so
we
represent
the
interests
of
our
members
and
that's
mostly
in
the
kind
of
direction
of
enhancing
and
supporting
the
development
of
Colorado
markets,
both
voluntary
and
compliance
on
a
global
basis,
and
so
we
help
work
with
Regulators
in
terms
of
guiding
them
as
they
look
to
regulate
specific
markets
on
the
planet
side,
as
well
as
working
with
400
participation,
voluntary
participants
to
support
the
work
that
they're
doing.
Hopefully,
that's
somewhat
helpful,
sweet
yeah.
A
So
Farah
has
issued
over
a
billion
carbon
credits
since
2009,
but
we
know
that
the
Outlook
and
future
demand
for
carbon
offsets
really
dwarf.
This
number
right,
like
these,
these
markets
have
grown
quickly,
but
they
need
to
scale.
You
know
much
more
quickly
right
if
we're
gonna,
if
we're
gonna,
actually
solve
the
climate
crisis.
A
C
Yeah
well
to
start,
it's
gonna
require
scaling
both
demand
and
Supply
on
the
supply
side,
we're
seeing
a
lot
of
issues
when
it
comes
to
the
quality
of
the
submissions
and
it's
resulting
in
a
growing
backlog
where
project
reviews,
the
monitoring,
reporting
and
verification
that
needs
to
be
done
on
these
projects
is
a
significant
obstacle.
The
more
we
can
look
at
digital
monitoring,
reporting
and
verification
systems
or
dmrv
that
can
be
integrated
into
these
kinds
of
projects,
to
allow
for
more
seamless
data
flows
and
for
verification
to
take
place
in
a
more
automated
manner.
C
There's
also
this
opportunity
on
the
demand
side,
where,
by
creating
mechanisms
that
have
greater
transparency,
can
allow
for
buyers
to
make
purchases
from
a
more
informed
place.
This
includes
having
readily
and
rapidly
comparable
data
from
the
projects
across
a
variety
of
different
carbon
credits
and
yeah.
Those
are
at
a
high
level,
a
couple
of
the
different
big
opportunities
that
we
see.
G
A
D
H
Talking
a
lot
about
at
the
minute.
Firstly,
that
was
approach
has
always
been
registry
friendly.
We
believe
that
we
can
build
off
the
back
of
a
lot
of
the
work.
That's
already
been
done
over
the
last
20
years,
a
lot
of
the
great
work
that's
brought
the
market
to
where
it
is
now
I
mean
I.
Think
it's
there's
improvements
across
the
board
that
can
be
made
and
no
one's
saying
that
that's
not
the
case.
H
But
of
course
it's
getting
that
data
from
the
underlying
Registries
onto
the
blockchain
in
a
way
that
you
can
identify
all
of
these
key
characteristics,
and
that's
mainly
one
of
the
key
pieces
of
work
that
we've
built
through
the
two-way
bridge
is
bringing
all
of
this
data
over
and
being
able
to
identify
all
of
these
pieces
of
information
in
the
form
of
an
nft,
but
will
be
visually
different
on
the
platform
of
course.
But
where
does
this
go
further
and
I
think
some
of
the
most
interesting
conversations
I've
been
having
recently?
H
Is
this
kind
of
data
point
versus
data
stream
idea
and
what's
great
and
exciting
about
the
blockchain?
Is
its
composability
and
the
fact
that
you
can
consistently
add
updates
that
potentially
come
through
dmrv
and
so
forth?
They
can
add
credibility
and
long-lasting
Trust
to
single
points
of
data
that
our
credits
have
previously
been
and
again.
Blockchain
is
a
really
good
solution
to
that.
L
I
just
wanted
to
to
ask
a
question
on
where
you
guys
kind
of
collectively
stand
on
nft
or
slowbound
tokens
versus
fungible
kind
of
securitized
products
from
a
tracking
traceability,
mrv
kind
of
data
permanence
perspective
kind
of
my.
My
perspective
really
is
like.
If
you
start
to
roll
up
a
bunch
of
a
bunch
of
these
instruments
on
chain,
then
and
you're
bridging
off
from
off
chain,
then
I
mean
you
kind
of
lose
that
Fidelity
of
the
underlying
data
and
the
environmental
Integrity
conversation.
A
Yes,
so
I
think
that
you
know
that
that
really
does
get
to
some
of
these
questions
that
were
were
in
the
the
public
consultation
right,
that
a
lot
of
people
submitted
responses
to
right
like
how
should
how
should
we
deal
with
tokenized
carbon
in
a
way
that
we,
you
know
avoid.
Some
of
these
issues
like
like
double
counting
and
make
sure
that
we
that
that
you
know
offsets
are
are,
are
really
well
tracked
across
systems
that
we
may
want
to
be
interoperable
right.
G
A
C
D
Yeah
I'm
happy
to
chime
in
here,
I,
don't
know
if
I
have
a
a
strong
perspective
on
this
Brianna
I
feel
like
this
is
the
kind
of
thing
where
I
feel
like
as
Innovation
shakes
out
and
as
the
market
shakes
out
we'll
start
to
see
what
people
hear
more
towards
I.
Think
the
idea
of
things
that
are
more
standardized
and
like
fungible
tokens
make
a
lot
of
sense
just
for
broadening
the
market,
making
it
more
accessible,
making
it
less
confusing
to
navigate
I.
D
But
but
on
the
other
hand,
as
you
probably
know,
right,
like
nfts,
I,
think
and
sort
of
less
fungible
instruments
that
are
more
true
to
the
actual
carbon
being
captured
or
limited
is
just
much
more
accurate
and
you
can
give
us
a
much
truer
vision
of
what
what
we're
actually
buying
when
we're
investing
in
in
offsets
or
sort
of
nature-based
credits.
So
I
I,
don't
I,
don't
think
I
have
a
strong
view.
I
don't
know
if
that
was
helpful.
But
those
are
the
pros
and
cons
that
I
see.
A
Yep,
20
and
I
think
also
instruments
that
are
both
financial
instruments
but
sort
of
pull
the
the
data
underlying
them
with
them,
as
they
move
through
the
economy,
in
a
way
that
traditional
financial
instruments
don't
or
you
have
to
like,
build
extra
sort
of
underlying
Data
Systems.
In
order
to
to
show
that
this
transaction
really
maps
to
right,
I
think
is
like
a
lot
of
what
we're,
what
we're
building
Andy
and
then
nirvan
have
your
hands
up.
I
So
what
we
heard
before
from
Joe
was
about
program
of
the
carbon,
and
that
is
definitely
something
where
we
need
things
that
are
not
non-fungible,
so
very
unique
where
you
can
filter
down
to
a
very
granular
level
where
you
can
build
out.
Market
functions
that
we
have
today
that
are
built
by
the
market
today,
but
very
costly,
with
Hands-On
highly
paid
2
500
bucks
per
day,
Consultants
that
create
nice
pitch
presentations
for
you
and
you
have
a
very
customized
Journey.
I
Basically,
this
duplicate
state
of
a
carbon
credit
being
fungible
and
non-fungible
at
the
same
time,
so
I
think,
depending
on
you
know
the
programmable
aspect
that
you
want
to
build
out,
be
it
more
of
a
commodity
or
more
of
a
super.
You
know
down
to
the
tree
down
to
the
species
that
you
captured
on
your
Wildlife
trap
or
whatever,
depending
on
the
market
function
you
want
to
fulfill.
You
have
the
technology
and
I
think
we
should
embrace
both.
L
E
E
Think
there's
a
big
section
in
the
middle
that
we
don't
use
as
much
today,
but
semi-fungible
tokens
I
think
are
used
a
lot
in
gaming
at
this
point,
but
I
personally,
one
can
see
how
you
can
apply
that
to,
for
example,
biodiversity
credits
where
you're
keeping
track
of
many
different
species.
You
know
within
one
token
here
so
I
do
think,
there's
a
role
for
semi-fungible
tokens.
Definitely
when,
when
neither
non-fungible
nor
fungible
seem
good
options,
I
think
different
environmental
assets.
E
It
makes
sense
to
tokenize
them
in
different
ways,
but
semi-fungible
is
something
I
think
has
not
had
as
much
attention
so
far.
The
other
reason
for
that
that
is
I
do
think
royalties
and,
like
really
streaming
back,
you
know
royalties
from
secondary
Market
transactions
back
to
the
people
on
the
ground
who
have
you
know
been
contributing
to
these
projects
for
years
is
I.
Think
one
of
the
more
crucial
roles
that
web3
has
to
play
in
the
broader
climate
Finance
market,
and
it's
just
very
difficult
to
do
with
fungible
tokens.
E
A
A
You
know,
land
use
right
that
land
was
preserved
right,
that's
sort
of
an
example
on
the
other
side
right
where
you're,
showing
that
this
particular
land
was
you
know,
is
like
set
aside
for
nature
right.
So
that's
on
this
on
this,
like
non-fungible
side
of
the
spectrum,
can
you
lay
out
like
what
do
you
mean
by
semi-fungible
and
what's
like
an
example
of
where
it
might
matter,
all
in
the.
E
Space
yeah
so
just
to
I'll
give
a
first
a
very
easy
to
understand.
Example
of
what
semi-fungible
is
I
mean
it's
most
commonly
used
in
gaming,
for
example,
you
have
a
sword
shield
and
potion.
It
doesn't
make
sense
to
have
different
different
tokens
for
each
of
those.
So
what
they
have
is
a
semi-fungible,
let's
say,
utility
belt
in
which
I
can
hold
all
of
the
sword
shield
and
potion
whatever
it
is.
So
using
that
you
know,
I
mean
it's
not
really
a
metaphor
but
analogously
for
climate.
E
One
could
imagine
where
the
nft,
like
the
top
level
token,
is,
as
Alan
said,
a
certain
polygon
with
the
demarcates,
a
certain
piece
of
land
and
I.
Think
as
Joe
said
earlier,
it's
not
just
a
data
point
it's
over
time.
Naturally,
but
instead
of
Swords
potions
and
shields,
you
can
have
different
species
of
wildlife
that
are
or
animals,
and
you
know,
plants,
natural
Wildlife
that
that
lives
in
that
area
and
you're
able
to
track
them.
At
least
the
token
structure
makes
sense
for
what
it
is.
You're
tracking.
E
F
We
did
on
a
concept,
we
are
pioneering
called
Dynamic,
tooling,
or
the
we're
calling
Dynamic
tooling
so
feel
free
to
use
that,
and
essentially
it
allows
the
user
on
our
platform
to
go
in
and
set
their
own
filters
and
parameters
around
what
carbon
credits
they're.
Looking
for.
So
they
can
say,
you
know
I'm
interested
in
Ugandan
cook,
stove
projects
that
have
a
gender
Equity
sdg
that
they're
meeting
and
then
they
can
set
their
own
things
like
like,
buy
limit,
orders
and
and
kind
of
traditional
Market
mechanisms
for
whatever
pool
they
have
set.
F
But
we
are
able
to
make
it
so
that,
because
of
the
underlying
sort
of
mechanics
of
how
we've
we've
created
the
architecture
that
doesn't
fracture
the
liquidity
for
anyone
else,
so
I
can
be
looking
at
that,
while
Joe's
looking
at
you
know
Malaysian
reforestation
projects
or
something
to
that
effect.
So
I
think
these
are
the
types
of
innovations
that
are
really
important
from
a
market
perspective,
but
I
do
think
it's
so
so
important
and
I
really
like
the
the
question
from
Brianna.
F
Originally,
it's
so
so
important
to
remember
what
is
the
point
of
this
Market?
The
point
of
this
Market
is
to
remove
carbon
from
the
atmosphere
and
the
way
that
you
do,
that
is
by
having
high
quality
projects
that
are,
you
know,
socially
responsible
and
that
benefit
local
communities,
while
also
doing
that
so
I
think
that
needs
to
be
key
in
any
solution
that
gets
built.
A
A
What
are
the?
What
are
the
key
places
where
web3
can
really
help
Vera
solve
its
goals
and
really
scale
these
markets
and
help
bring?
You
know
a
high
degree
of
of
transparency
and
public
verifiability
to
them,
and
what
are
a
few
of
the
challenges
that
you
really
like
hope
we
can
address
over
the
next
I,
don't
know
six
months
or
a
year.
C
So
some
of
the
opportunities
that
we're
seeing
in
this
space
are
ways
in
which
the
project
data
can
be
made
more
transparent
to
the
buyers
of
the
carbon
credits.
This
allows
buyers
to
have
more
informed
purchase
decisions
and
it
can
potentially
create
greater
confidence
as
well
in
the
projects
themselves
and
the
carbon
credits
that
they
are
purchasing.
C
Thinking
about
also
the
benefits
of
having
carbon
credits
in
a
format
that
provides
greater
transparency
is
also
beneficial
to
the
suppliers
when
it
comes
to
carbon
credit
pricing.
Transparency
also
just
kind
of
more
broadly
Market
transparency,
seeing
what
other
comparable
projects
are
selling
their
carbon
credits
for
would
allow
for
project
developers
to
be
in
a
position
where
they
are
less
in
the
dark
compared
to
where
they
are
now,
where
a
lot
of
these
transactions
are
fairly
opaque.
C
So
there's
opportunities
here
where
web3
Technologies,
through
the
use
of
things
like
public
ledgers
and
tokenization,
could
increase
that
transparency.
Allow
buyers
to
essentially
make
more
informed
decisions,
have
greater
confidence
and
greater
willingness
to
pay,
while
also
project
developers
can
have
opportunities
to
see
what's
happening
in
the
market
and
to
price
their
carbon
credits
more
fairly
and
and
earn
the
returns
that
they
are
deserving
of.
C
A
They
will
look
at
that
and
say:
okay.
Why
can't?
We
just
saw
that
with
web
2
right
and
I
think
that
obviously,
like
I
spend
a
lot
of
time.
Thinking
about
this
and
I
think
I
spend
a
lot
of
time.
Thinking
about
the
the
you
know,
verifiability
right
that
comes
with
working
with
data
like
we
do
in
in
web3
right
what
I
guess,
I
guess
in
your
mind
right
what
what
can
we
do
in
order
to
increase
transparency
in
in
what
three?
C
I
mean
these
these
the
carbon
markets,
when
you
think
about
it
starting
15
20
years
ago,
I
mean
these
were
built
on
on
web
2
platforms.
So
it's
it's
yeah
the
current
formats
that
are
being
used
for
the
the
systems
the
components
of
them
are
are
in
these
structures
that
are
perhaps
not
as
feature
Rich
As.
We
would
see
some
of
the
Technologies
are
in
the
web
3
space.
C
So
while
anyone
can
go
onto
Vera's
registry
and
look
at
any
project
and
look
at
all
of
the
different
documents
that
have
been
submitted,
all
of
the
information
is
there
that
current
format
is
not
readily
and
rapidly
comparable
across
many
different
systems.
So
it's
not
as
much
of
a
transparency
issue
as
it
might
be,
like
an
accessibility
issue,
for
example,
wrap,
like
you
know,
there's
varying
degrees
of
accessibility.
So
even
that
is
you
know
something
to
consider
too,
but
the
idea
is
with
web3
Technologies.
A
Yeah
I
mean
that's
music
by
yours.
Obviously,
like
a
you
know,
quick
plug,
for
you
know
something
that
Falcon
green
has
spent.
A
lot
of
work
on
is
something
called
co2.
storage,
which
is
aimed
at
solving
exactly
what
you
just
laid
out
right
so
that
in
web
3.
We
have
this
this
primitive,
that
everything
is
built
on
called
content
addressing,
which
is
where
you
address
data,
by
what
that
data
is
rather
than
where
it
is,
so
you
don't
type
a
URL
into
a
browser
and
go
to
a
server.
A
So
you
can
say:
Okay
I
want
data
corresponding
to
this
offset
and
this
particular
format,
because
that's
what
I
need
for
my
process
so
give
me
data.
Not
just
you
know,
as
you
can
find
it,
but
transformed
automatically
into
the
the
format
that
I
actually
need
to
to
make
my
data
comparable
to
to
you
know
other
offsets
I'm
comparing
to
or
in
order
to
to
be
input
into
a
function
that
I'm
going
to
be
I'm
going
to
be
using
so
Andy.
A
You
have
your
hand
up
and
after
after
that,
I
was
wondering
Amira.
If
you,
if
you
have
some
thoughts
on
you
know
what
we've
been
talking
about
surrounding
you
know,
I
know
a
ton
of
projects
are
being
built
on
on
Solana
that
are
doing
really
interesting
work.
Both
increasing
the
supply
of
offsets
and
increasing
the
transparency
of
of
a
lot
of
those
offsets.
I
was
wondering
if
you
could
jump
in
about
first-handed
you.
You
had
some
thoughts.
I
Yeah
I
wanted
I
wanted
to
add
something
to
the
like.
The
eversole
question
like
why
blockchain
and
why,
in
the
space
and
I'm
I'm
fully
echoing
the
you
know,
the
transparency
aspect
of
of
this
but
I
think
what
we
need
to
keep
in
mind
and
where
we
need
to
take
a
little
bit
of
a
user's
perspective.
Also,
is
that
no
one
should
really
care
what
kind
of
Technology
this
is
and
should
actually
should
be.
You
know
looking
into.
Is
this
blockchain
or
not?
I
I
We
constantly
put
and
even
increase
on
our
climate
if
we
enable
binding
to
flow
to
them
and
if
we
enable
you
know
if
we
can
pay
for
different
behavior
and
I,
think
this
technology
can
establish
that
without
increasing,
which
is
what
we
actually
did
the
last
decade,
because
we
made
it
a
gigantic
exclusively
expert
Market.
Without
increasing
that
and
actually
lowering
the
barrier
to
entry,
we
can
get
more
and
more
people
hooked
up
to
all
of
this,
and
we
can
distribute
more
and
more
money
to
more
and
more
people,
behaving
the
right
way
and
I.
I
Think,
like
that's
the
part
where
you
know
that
makes
my
heart
beat
every
time
that
I
think
about
like.
Why
does
crypto
and
car
markets
work
so
well
together?
And
it's
because
exactly
of
that,
it's
the.
We
all
want
this
to
scale
massively,
and
we
now
have
the
gift
of
this
tooling.
That
can
scale
massively
at
a
much
lower
cost
and
a
much
higher
trust
rate
and
yeah
personally.
I'm
convinced
that
this
is
one
of
the
gigantic
benefits
that
we
that
we
have
we
end
up.
A
So,
if
you're
able
to
relieve
some
of
those
data
bottlenecks
with
data
that
is
high
in
volume,
verifiable
and
interoperable
right,
how
does
that
lower
the
barrier
to
entry
to
people
submitting
new,
submitting
new
projects
and
I
think
you?
You
were
Keen
off
of
something
Andy
said
and
then
I
did
want
to
come
back
to
Amira
and
talk
about.
You
know
how
people
are
doing
some
of
the
sun's
eleven.
J
Yeah,
okay,
well,
I
just
wanted
to
build
actually
on
one
been
on
I,
said,
I,
think
the
goal
or
like
a
main
barrier
to
scaling
this
Market
leveraging.
This
very
unique
technology
is
to
not
make
it
feel
like
you
need
to
adopt
new
technology
if
we
need
to
sell
carbon
credits
and
web3
unchain
carbon
credit
double
barrier
to
sales
and
to
really
increase
this
industry
and
increase
sort
of
the
the
market.
J
If
you
will
just
going
from
2
billion
to
you,
know
the
10x
or
even
more
so
that
actually
I
guess
we
hope
for,
and
we
think
we
need
for
decarbonization
goals.
We
need
to
move
away
from
like
a
two
technology
approach
and
just
like
embed
this
technology,
where
it
makes
sense
and
kind
of
like
smoothing
out
the
top.
So
it
looks
just
like
a
better
improved
product,
not
like
a
blockchain
product
and
a
non-blockchain
product.
J
So
that's
some
I
mean
we
think
of
ourselves
as
climate
Collective,
as
this
bridging
function
to
help
translate
what
it
means.
Help
educate
buyers,
help
like
Leverage
the
negotiation
capacity
of
suppliers
so
that
they
are
willing
and
to
take
a
risk
on
this
technology
so
that
we
can
kind
of
get
over
the
it's
a
new
technology
and
just
like
embed
it
where
it
makes
sense
and
improve
the
market.
D
Yeah
I
I
really
like
that
I
actually
I'm
happy
to
talk
about
solana-based
projects,
but
I
feel
like
this
is
such
a
an
important
conversation
that
I
kind
of
want
to
keep
doubling
down
on,
because
I
I
see
people
all
the
time
and
try
to
explain
the
intersection
of
web3
and
climate
and
why?
Why
web
through
tooling's,
actually
just
so
perfect
for
helping
solve
this
carbon
markets
problem
and
so
I?
D
Don't
I,
don't
mind,
staying
a
beat
and
just
hearing
all
these
talking
points
because
Andy
and
Anna,
you
said
it
totally
well
I
I,
better
I
do
have
a
question
for
you,
which
is
you
know.
You
talked
about
the
need
for
some
new
tools
and
more
fully
featured
tools.
It'd
be
it'd,
be
great.
If
you
could
give
us
a
taste
of
how
it
works
right
now,
you
know
sort
of
what
is
what
is
this
push
from
like
web
2
to
web3?
D
Look
like
I
think
we
sort
of
know
what
web3
looks
like,
but
but
what
is
the
process
that
that,
like
the
lifestyle,
the
life
cycle
of
like
a
carbon
credit
will
go
through?
And
what
are
the
tools
being
used
like?
How
does
the
process
look
today,
and-
and
maybe
what
are
the
parts
where
you're
like
man
like
I,
feel
like
web3,
could
be
helpful
for
kicking
this
up?
A
notch.
C
C
C
On
the
buyer
side,
the
buyers
who
are
interested
in
that
particular
who
are
interested
in
purchasing
carbon
credits
today
we'll
have
to
look
at
oftentimes,
go
to
the
Vera
registry,
look
at
the
particular
project
and
go
through
a
variety
of
different
documents
which
are
found
within
that
projects.
Folder.
C
This
is
sort
of
analogous
to
I'll
use
a
an
example
here.
It's
almost
like,
if
you
wanted
to
look
at
a
particular
project.
It's
like
stepping
into
a
hallway
a
folder
where
then,
each
separate
door
in
that
hallway
would
be
a
different
PDF
and
within
that
PDF
you've
got
various
chapters
of
information,
so
you're
stepping
into
this
hallway,
and
you
want
to
look
at
a
document
that
is
a
monitoring
report.
You
would
step
into
that
door.
C
You're
now
in
this
room
and
now
you've
got
a
variety
of
different
shelves
with
different
pieces
of
information.
It's
not
currently
in
a
format
where
that
information
is
quickly
digestible
and
comparable
across
a
lot
of
different
carbon
credits.
If
you
wanted
to
step
back
out
of
that
room
back
into
the
hallway,
you
then
have
to
go
and
look
at
a
different
PDF,
a
different
file
to
continue
with
your
assessment
of
that
project.
C
Instead
of
having
to
dive
into
every
single
project,
walk
down
all
of
those
hallways
open
each
of
those
doors
individually,
pull
the
information
they
find
important,
putting
it
into
spreadsheets
making
their
own
comparison.
I
mean
we
don't
have
to
do
that
today.
When
we're
going
on
Amazon
or
Best
Buy
or
Home
Depot
to
go
and
purchase
a
product,
we
can
look
across
a
dozen
similar
projects
or
products
and
and
make
a
quick
decision
based
on
the
information
that
is
important
and
rapidly
comparable.
C
So
that's
just
a
comparison
like
you
know,
I
was
particularly
focused
on
the
buyer
side
of
things.
I
will
say
coming
back
to
the
Upstream
side
of
thing.
Project
developers
are
having
to
submit
information
from
their
projects
that
meet
the
methodology
requirements
under
which
they
are
seeking
to
attain
carbon
credits.
C
Those
methodology
requirements
have
a
variety
of
attributes
which
must
be
fulfilled
successfully
and
when
the
quality
and
completeness
of
those
submissions
are
satisfactory.
That
is
when
carbon
credits
can
be
issued.
However,
when
there
are
quality
issues
or
incompleteness,
this
slows
down
the
supply
side
from
being
able
to
provide
the
buyer
side,
carbon
credits
so
ways
in
which
we
might
be
able
to
automate
those
processes
through
dmrv
systems
and
using
technological
infrastructure
that
can
Auto
validate
or
qualify.
C
The
data
that
is
coming
and
compare
it
to
methodologies
which
may
have
been
digitized
could
be
ways
to
streamline
a
lot
of
those
processes
and
unlock
some
scale
and
I
I
just
want
to
Echo
Anna's
perspective
that
yeah,
it's
not
so
much
about
focusing
on
the
technology,
but
can
we
focus
on
the
issues
that
we're
trying
to
solve
here
and
not
get
hung
up
on
whether
it's
web,
2
or
web
3
I
mean
the
the
it's?
It's
not
the
technology
itself.
C
A
Alistair
I
think
you
know
you,
you
do
a
ton
of
work
right
on
standards
that
are
are
really
Central
and
you
have
a
lot
of
visibility
into
how
people
are
are
building
you
know,
data
standards
and
and
quality
standards
that
are
relevant
to
a
lot
of
this.
Do
you
have
some
thoughts
on
how
how
that
work
can
be
plugged
into
a
lot
of
the
the
tools
that
we're
talking
about
in
order
to
use
sort
of
verify
publicly
verifiable
and
open
data
to
give
people
a
better
look
at
what
they're
actually
buying.
K
The
vcm
has
historically
had
issues
with
Home
Market
Behavior,
going
back
to
the
early
well
early
2008
910
period,
where
we
had
Legacy
players,
selling
credits
and
massive
mock-ups
to
retail,
and
that
was
hugely
damaging
important.
If
you
come
out
of
regulatory
oversight
to
the
market
and
I
think
more
broadly,
the
vcm
is
Keen
to
avoid
too
much
regulator
outside.
Obviously,
we
welcome
some,
but
we
we
need
the
kind
of
innovation
and,
if
The
Regulators
come
down
too
hard
on
Market
Behavior,
inevitably
Innovation
is
going
to
to
struggle
to
flourish.
A
K
Exactly
and
so
I
I
design
a
bit
of
work
over
the
last
year
and
have
interviewed
many
of
you
in
terms
of
what
you'd
like
to
see
and
also
kind
of
spoken
to
project
developers
and
the
broader
ecosystem
to
understand
exactly.
What's
going
on
and
more
recently,
I
think
working
with
Vera
and
the
other
registries
in
terms
of
how
do
they
support
tokenization
of
digital
assets?
K
So
hopefully,
we'll
see
you
in
the
coming
weeks
and
months
with
certain
Pilots
around
tokenization
in
a
very
kind
of
sandboxed
environment.
Just
so
we
can
really
understand
okay.
What
are
the
implications
of
what
we're
doing
without
kind
of
going
full
crypto
at
the
outset,
because
the
other
thing
I
think
anybody
really
needs.
It
is
kind
of
DCM
to
be
too
closely
linked
to
crypto,
given
what's
happened
with
FTX
and
others
over
the
last
few
years,
and
it's
kind
of
harking
back
to
what
Anna
said.
K
D
I
have
just
a
question
for
the
folks
that
are
sort
of
the
builders
in
the
room.
You
know
the
my
interpretation
is
the
barrier
right
now,
isn't
necessarily
what
to
build.
There's
a
million
things
that
we
can
build
and
lots
of
like
amazing
product
features,
but
the
barriers
are,
you
know?
How
do
we
get
supply
online
and
how
do
we
generate
demand?
D
And
so
this
this
Market
can
emerge
and
once
we
sort
of
get
a
sense
of
what
what
people
want
and
what
Supply
looks
like,
then
we
can
start
figuring
out
what
features
to
sort
of
tailor
towards
different
markets,
but
but
it's
more
of
a
bootstrap
into
Market
question
more
so
than
it
is
like,
oh,
which
features
our
next
question.
That's
that's
my
take
I'm
curious.
If
others
agree.
H
I
think,
from
our
perspective,
the
supply
issue
hasn't
really
been
a
big
challenge.
We've
speak
to
developers
on
a
consistent
basis,
and
many
of
them
are
looking
for
new
ways
that
they
can
sell
their
credits
or
have
their
credits
engaged
in
particular
actions,
whether
it's
on
chain
or
off-chain.
What
we
find
the
biggest
challenges
around
the
demand
side
and
building
that
kind
of
trust
and
credibility
with
purchases
and
I
mean
it's.
A
That
is
super
interesting
right,
the
the
like,
because
everyone
thinks
getting
passed
down
right,
that's
sort
of
what
everyone
jumps
to,
as,
as
you
know,
that's
that's
the
the
key
Criterion
right
is.
If
we
can,
if
we
can
get
past
a
certain
threshold,
that's
what's
really
going
to
unlock
the
supply,
but
you
know
showing
right
research
from
BCG.
You
said
it
saying
that
you
know
it's
really.
It's
really
like
how
much
MLB
is
there
right
monetary
reporting
and
verification?
A
J
Just
a
quick
build
on
that
could
be
the
South
Poles
report
sometime.
This
fall
around
green
hushing
where
they've
reviewed
large
corporates
and
they
said
about
25
of
the
corporates
that
haven't
serve
commitment
are
choosing
to
not
talk
about
it
because
they're
so
worried
about
getting
profiled
in
a
disadvantaged
way
in
media
and
coming
from
a
company
having
worked
for
a
while
at
a
company
that
has
a
history
of
getting
really
criticizing
media
for
good
and
bad
reasons.
J
Facebook
I
can
see
that,
like
I,
think
that's
a
really
big
issue,
because
it
makes
these
corporates
less
hesitant
to
try
new
things,
less
hesitant
to
kind
of
stand
up
for
their
commitments.
For
example,
in
the
guardian
article,
pointing
out
these
three
or
four
corporates
that
are
now
looking
like
fools
for.
Having
bought
these
credits.
Well,
they
did
it
in
good
faith.
They
did
it
because
they
care
about
the
climate,
because
they
want
to
contribute
to
this
existing
Market
mechanism
that
we
have
I.
J
Think
it's
not
super
helpful,
so
I,
I,
I,
think
I.
Think
finding
like
the
data
point
on
mrv
being
so
relevant,
was
supposed
to
price
I.
Think
that's
accurate
and
I
think
back
to
my
own
days
of
some
kind
of
corporate
sustainability.
A
lot
of
corporates
with
funding
are
willing
to
do
above.
Beyond
Beyond,
a
value
chain,
mitigation
actions
and
I.
J
Think
the
definition
of
what
that's
going
to
look
like
in
the
future
will
kind
of
be
expanded
and
I
think
that's
a
great
opportunity,
because
that
allows
companies
to
be
Innovative,
take
some
risks
in
support
of
a
market
or
in
support
of
a
sector
or
in
support
of
sort
of
mitigation.
Efforts
without
having
to
you
know,
have
the
offset
versus
kind
of
a
scope,
one
or
two
or
three
Mission
kind
of
equalizer,
so
I'm
kind
of
excited
about
that
and
yeah
I.
J
A
And
so
so
I
think
that's.
That's
super
super
interesting
right,
so
you're
saying
that
that
when
companies
companies
traditionally
manage
their
value
chain
in
order
to
increase
resiliency
and
decrease
costs
right
and
so
you're
saying
that
as
companies
are
moving
beyond
their
value
chain
or
beyond,
what
they've
traditionally
tried
to
manage
in
their
value
chain?
Things
like
like,
like
like
scope,
three
emissions,
you're
saying,
are
sort
of
increasingly
part
of
what
they're
trying
to
manage
and
you're
saying.
That's
gonna.
You
said
that
that's
going
to
expand
in
the
future.
How
is
that?
A
J
They're
already
a
mechanism
around
these
Beyond
value
chain
contributions
that
companies
can
do
and
take
as
part
of
the
science-based
initiative
that
is
not
just
offsetting
what
you
have,
but
going
Beyond
and
so
kind
of
contributing
positively
to
the
development
of
a
sector
or
development
or
an
industry
or
technology.
You
could
argue,
for
example,
that
Stripes
Frontier
fund,
which
invests
in
r
d
to
generate
these
new
removals,
as
as
an
example
of
going
Beyond
above
and
beyond
what
you
have
to
do.
J
A
Awesome
and
I'll
highlight
too
that's
something
that
Austin
Federer
from
Solana
talked
about
at
the
the
sustainable
blockchain
Summit
last
summer,
in
in
Paris
in
July.
Was
how
how
you
folks
said
it's
a
lot
of
or
thinking
a
lot
about
that
and
specifically
contributing
to
RND
for
for
removals.
Andy
you've
had
your
hand
up
permit.
I
Yeah
I
wanted
to
build
on
something
that
Anna
said.
I
think
what
we're
trying
to
do
is
we're
trying
to
apply
and
help
others
apply
scrutiny
to
the
market.
We
call
it
transparency
and
we
focus
a
lot
on
on
the
supply
side
and
we
think
you
know
we
do
that
in
order
to
mitigate
market
failure.
So
you
know
no
lemons
come
into
the
market,
but
there
is
a
whole
a
whole
gigantic
motivated
incentive
machine
on
the
other
end
of
the
of
the
spectrum
that
we
should
also
apply
the
same.
I
I
We
need
to
look
at
this
from
from
all
kinds
of
angles,
and
we
also
need
to
look
at
you
know:
transparency
along
the
demand
side,
so
that
people
don't
feel
like
well
I'm
sitting
in
the
same
boat
as
this
company
who
you
know
who
has
very
bad
rep
and
it's
a
silly
company
and
I'm
buying
the
same
credits.
I
cannot
do
that,
and
this
is
just
haloing
across
the
market.
I
You
know
making
it
again
in
inefficient
and
we
can
be
very
transparent
at
the
at
the
one
side
of
the
market
and
you
know
enable
dmov
for
for
every
kind
of
project
which
is,
by
the
way,
still
a
long
way
to
go
for
sure
and
very
costly,
but
we
have
a
whole.
You
know
very
still,
very
opaque,
Black
Box.
We
just
heard
it
again.
A
gigantic
amount
of
people
are
not
talking
and
not.
I
I
We
need
to
make
this
position
defensible
for
everyone
and
currently
it's
it's.
It's
lacking
this
a
little
bit
and
we
welcome
very,
very
much
any
kind
of
initiative
like
the
spti,
and
we
hope
that
blockchain
can
also
help
out
initiatives
like
this,
because
what
better
assistant
again
to
help
these
kinds
of
transparency
functions.
A
A
But
you
know
some
of
that.
That
reporting
could
be
a
lot
more
automated
right
like
how
do
you?
How
do
you
match
a
credit
to
a
debit
right?
This
is
something
that
we've
been
having
a
lot
of
the
discussions
internally
about
and
also
with
like
Gregory
from
the
regen
Network
and
other
folks.
Is
you
know
what?
If,
if
we,
if
we
were
going
to
buy
offsets,
for
example,
from
nature-based
offsets
or
from
like
removals
due
to
regenerative
anger,
some
something
where
we're
pretty
confident
that
the
the
permanence
is
not?
A
They
only
do
reporting
every
year
for
emissions
in
that
year
right
but
like
what
does
moving
towards
some
of
these
like
life
cycle
of
your
project
or
company,
analyzes,
look
like
that
matches
like
the
fraction
of
emissions
that
is
still
in
the
air
from
the
life
cycle
of
your
project,
matching
that
to
not
just
data
from
offsets
when
they
were
issued,
but
continuous
mrv
data
to
verify
that
wherever
you're
claiming
a
credit
to
match
a
debit.
Those
two
actually
like
still
match
now,
rather
than
that
they
just
matched
in
the
past
right
and
I.
A
D
Well,
I
was
gonna
chime
in
here,
I.
Think
what
you're
saying
about
sort
of
real
time
matching
of
the
dev
with
the
credit
is,
is
really
exciting
and
it's
something
that
you
know
I'll
call
out
someone
else.
Who's
on
this
call
Haya
who's,
sort
of
a
real
estate
entrepreneur
that
we're
partnering
with
the
Solana
Foundation
they're
working
on
sort
of
real-time
monitoring
of
I
think
lots
of
different
types
of
ecosystems
outside
of
blockchain,
but
but
a
validated
ecosystems
right.
D
So
they're
they're
working
hard
to
make
sure
that
you
can
monitor
to
like
the
minute
I
think,
like
the
the
sort
of
carbon
footprint
of
a
validator
and
be
able
to
sort
of
aggregate
that
across
the
entire
blockchain.
So
you
have
a
real-time
sense
of
what
the
carbon
footprint
of
the
chain
is
and
and
and
the
idea
is
that
I
could,
as
a
customer
sort
of
put
down
our
wallet
address
or
if
I
was
a
web
to
customer
or
credit
card
and
in
real
time
by
the
minute.
H
D
A
Awesome
very
cool
good
to
meet
you
yeah
and
I.
Think
I.
Think
those
sorts
of
tools
right
are
are
super
super
important
and
that's
something
that
we've
we've.
You
know
really
aimed
to
do
for
a
long
time
with
with
falcoin
with.
If
you
go
to
filecoin.energy,
you
can
see
you
know
just
based
on
like
you
were
saying,
you
know
the
the
something
that
that
a
lot
of
wood
pre-tech
allows
you
to
do
right
is
is
get
access
to
this.
B
Thank
you
so
much
for
the
plug
of
media
yeah
I
mean
our
goal
is
to
help
provide
24x7
transparency
both
in
terms
of
energy
usage,
as
well
as
carbon
emissions
by
using
real-time
grid
data,
as
well,
as
you
know,
actual
usage
data
from
each
Hardware,
and
we
are
excited
about
this
future.
Where
you
know
we
can
buy
the
right
types
of
offsets
and
the
right
types
of
wrecks
and
make
it
available.
You
know
okay,
24x7,
right,
Super,
Active,
so
yeah.
Thank
you.
A
A
That's
a
huge
issue
in
the
space
right
is
that
if
the
the
end
price
for
an
offset
is
relatively
high,
but
most
of
that
final
price
tag
goes
to
intermediaries,
and
you
know
say
that
part
of
the
reason
that
you're
buying
this
particular
offset
is
that
it
serves
social,
good
right
or
say
you're
you're,
paying
an
indigenous
Community
to
to
protect.
You
know
a
forest
right,
but
only
a
small
fraction
of
that
actually
goes
to
the
people
on
the
ground,
and
most
of
it
goes
to
intermediaries.
A
There's
often
not
a
way
to
to
see
that
right
now
in
this
whole
process,
right
I,
don't
know
what
what
do
you?
What
are
your
thoughts
on
I
feel
like
like
NYU,
have
a
lot
of
thoughts
on
this
and
I
feel
like
the
folks
from
climate.
Collective
also
would
have
a
lot
of
interesting
stuff
to
say.
I
guess
Anna
just
dropped,
but
never
on
your
own.
Where
does
where
why?
Why
is
that
a
hard
problem
to
solve,
and
what
should
we
do
to
work
on
it.
C
C
I.
Think
there's
also
this
that
we're
I
think
there's
going
to
be
this
initial
Hub
of
difficulty.
That
would
be
faced
probably
for
at
least
the
first
three
to
five
years,
where
transparency
is
great
when
you
have
an
entire
Market,
that's
engaged
in
it.
If
you
only
have
one
or
two
projects
that
are
being
transparent
with
all
of
the
project
metadata
and
how
their
carbon
credits
are
being
priced
and
sold
and
traded
Etc,
while
that's
beneficial,
if
the
entire
Market
isn't
doing
it,
it
doesn't
allow
for
very
much
comparable.
C
It
doesn't
allow
for
much
comparison
to
be
able
to
take
place
and
that's
where
I
think
we're
probably
at
least
a
few
years
out
before
we
get
significant
enough
adoption
to
allow
for
that
comparison
across
a
multitude
of
different
projects
to
allow
for
project
developers
to
price
their
credits
better
and
also
for
buyers
to
feel
more
informed
in
their
purchasing.
Those
are
some
of
the
obstacles
so
like
Mass
adoption
would
be
one
of
the
obstacles.
E
Yeah
I
very,
very
much
agree
with
what
you
said
there
benwell
just
to
add
to
that
I
think
it's.
The
market
is
still
in
in
the
fairly
early
stages,
especially
when
it
gets
to
some
of
these
more
exotic
like
financial
instruments.
So,
for
example,
one
very
interesting
way
of
price
Discovery
is
it's
called
like
a
reverse
Dutch
auction,
it's
what
they
did
to
for
the
Google
IPO
when
they
didn't
know
how
to
price
the
shares.
E
It's
it's
a
very
interesting
way
where
different
people
bid
kind
of
what
they
value
or
the
the
asset
at
and
without
knowing
what
anybody
else
on
the
call
or
what
anybody
else
in
the
auction
is
pricing
it
at.
So
that
gives
you
in
a
way
unbiased
views
of
all
the
different
buyers
and
you're
also
able
to
get
a
pretty
good
price
point.
Then
you're
able
to
fill
all
the
orders
at
the
specified
price
point.
So
I
do
think.
There's
some
of
these!
Maybe
more
exotic
price
Discovery
models
that
are
yet
to
come.
E
All
of
them,
I
do
think,
is
quite
well
suited
to
web3
there's
another
piece
that
I
was
what
sorry
it's
it's
eluding
me
right
now,
but
maybe
I'll
write
in
the
chat.
If
it
comes
back,
apologies
there,
but
yeah
I
I!
Oh
sorry,
sorry
got
it
back
there.
So
I
think
the
other
piece
is
with
you
know:
you
have
carbon
vintages
right,
which
is
for
the
most
part.
What
we're
talking
about,
but
I,
think
a
lot
of
folks
on
the
call
as
well
are
quite
interested
in
carbon
forwards.
E
The
thing
is
I
I
think
again
there
it
starts
that
we
bump
into
kind
of
dicey,
Financial
territory
when
you
have
like
a
carbon
forward
agreement
that
in
certain
ways,
can
resemble
a
credit
default
swap
famously
from
The
Big
Short,
which
are
highly
highly
regulated,
so
I
think
over
financializing
of
some
of
this
stuff
definitely
has
risks
to
you
know
inviting
unnecessary
regulation,
but
I
do
think.
There's
this
balance
of
checking
out
more
exotic
price
Discovery
models,
but
also
being
mindful
of
not
turning
these
things
into
Securities
when
they
don't
have
to
be.
A
I
Yeah
I
think
we
can
facilitate
that
really.
Well,
both
the
protection.
Against
being
you
know,
a
financial
actually
a
security
or,
let's
say
a
very
complex,
Financial
instrument
that
needs
regulation
to
protect
people
and
price
Discovery
you
can.
We
can
facilitate
both
of
that
with
adding
data
everywhere
we
can
and
making
it
accessible
everywhere.
I
Actually,
you
know
removing
this
barrier
to
consuming
information,
whether
you
pay
a
consultant
for
again
in
order
to
you
know,
do
due
diligence
on
your
project
that
you
want
to
spend
the
forward
deal
on
or
a
an
existing
project
where
you
want
to
to
buy
huge
chunks
of
of
of
credits
from
if
we
don't
have
to
make
this
an
expert,
you
know,
expert
field.
This
helps
us
to
make
people
have
an
easier
time.
I
You
know
bidding
for
it
filling
audibles
with
prices,
because
they
could
do
their
own
due
diligence
on
it
and,
at
the
same
time,
making
you
know
making
things
making
Investments
and
expert
an
expert
area
where
only
like
a
limited
amount
of
people
have
the
right
amount
of
information
to
make
a
proper
price.
Discovery
is
a
Surefire
way
to
get
regulated
and
to
be
treated
as
a
security,
because,
after
all,
that's
what
the
Regulators
are
there
for
protecting.
I
A
I
think
that's
a
perfect
summary
of
everything
that
we've
just
been
talking
about,
so
thank
you
Andy
for
sort
of
wrapping
together,
right,
transparency,
regulation,
interoperability
and
and
really
lowering
the
barrier
to
entry,
so
that
we
can
scale
the
market
by
by
by
using
data
in
a
more
sort
of
one
through
native
way,
so
I
think
we're
going
to
turn
off
the
the
YouTube
stream
for
now.
Thank
you.