Carbon Removal Credit (CRC) has launched a Carbon Asset NFT framework, introducing blockchain-based digital identities for carbon credits as part of broader efforts to improve transparency, traceability and data consistency in carbon markets.
CRC said the framework maps carbon emission reductions certified under established standards such as VCS, Gold Standard and ISO 14064 into on-chain NFT assets. Each NFT represents a defined volume of emission reductions and records key metadata on-chain, including project origin, certification body, reduction volume and location.
According to CRC, assigning digital identities to carbon assets allows carbon credits to move from paper-based certificates and centralised registries to uniquely identifiable on-chain assets. The use of blockchain immutability is intended to reduce the risk of data alteration and provide more consistent, verifiable information for market participants.
The platform enables Carbon Asset NFTs to be traded and transferred in a decentralised environment. CRC said users can also “retire” NFTs to indicate their use for carbon offsetting, with all transactions and retirements recorded on-chain through smart contracts. These records are designed to help reduce the risk of double counting and provide auditable data for carbon neutrality and ESG disclosures.
CRC is also exploring integration between off-chain project monitoring data and on-chain assets using oracle technology and Internet of Things devices. The aim is to synchronise selected project performance data on-chain while remaining aligned with existing certification and audit systems.
CRC said the NFT-based approach improves the identifiability and digital management of carbon assets and may support new operational models within existing regulatory and compliance frameworks. The platform currently connects multiple carbon reduction projects, with CRC stating it will continue to refine data standardisation and on-chain management practices as part of the ongoing digitalisation of carbon markets.
