Automated systems and blockchain technology are being increasingly utilized to improve the efficiency and accuracy of the carbon market, a critical component in the fight against climate change.  

Cointelegraph spoke to Bill Kentrup about the role of blockchain technology in digitizing verifiable data in the carbon market. Kentrup is the head of Origination and co-founder of enterprise software Allinfra Climate — a platform designed to help institutions achieve their sustainability goals. According to him, on-chain monitoring, reporting, verification, issuance, allocation, and retirement of carbon credits and carbon claims, could bring about efficiency and predictability that hasn’t existed in the past.

“It’s far less efficient for a digital accounting system to process data from reports, non-digital sales, purchase agreements, and from traditional registries, that have limited info in terms of who the final owner of a retired asset is.”