Minting and Managing Carbon Credits on OpenLaw & Ethereum


OpenLaw provides templates and methods to call the Ethereum blockchain to timestamp signatures, store agreement data (such as purchase price), and call persistent programs (or “smart contracts”) to help manage party performance of agreements without downtime and as strictly stipulated

Essentially, under the California LCFS program, PG&E earns carbon credits by selling low-carbon fuel to its customers, and these credits can then be sold by PG&E to other utility companies that are not otherwise meeting their low-carbon fuel requirements mandated by the State.

An excerpt from Medium