Is a data model required for trading carbon credits using a DeFi/Blockchain? if so, what form should it take? Why is it necessary and how might one be developed and used?
I am curious about how carbon credits will be traded on blockchain exchanges and automated certification systems. The promise that Decentralized Financial systems provide useful, semi-automated services to help account for a provide a market mechanism to reduce carbon emissions is very interesting. I have a feeling that data models will be required so that users can enter their data about their own emission and that this data can later be used to qualify them for carbon trading.
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You're absolutely right. Establishing a robust data model is crucial for the successful integration of carbon credit trading into blockchain-based DeFi systems.