Carrot White Paper
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  • CARROT NETWORK
  • documentation
    • Introduction
      • Recycling Systems Are Broken
      • Earth Limitations
      • From Linear to Circular
      • What is Zero Waste?
      • Extended Producer Responsibility
      • Carbon Markets: From Problem to Solution
      • Greenwash & ESG
      • Solution
    • The Product
      • Carrot Network
        • Creating Value
        • dMRV
        • Creating a Market
        • Demand-Side Market
        • Atomic Network
        • Methodology Creators
        • Ownership
        • Summary Diagram
      • Recycling Supply Chain
        • Reaching the Source of Waste Creation
        • Participants
        • Validators & SOs
        • Local vs Long Hauling
      • MassIDs: Codifying Waste
        • Participant Categories and Wallets
        • MassID Composition
        • MassID Notation
        • MassID Creation
        • MassID Splits
        • Waste Validation & Audits
        • Proof-of-Authority
        • Proof-of-Work & Provenance
      • Recycling Tokens
        • Minting TRCs
        • TCC (Carbon Credits)
          • GasID Creation
          • GasID Notation
          • Minting TCCs
          • Calculating GasIDs
          • GasIDs from Composting
          • TCCs from Composting
        • Carrot Registry (EPR/ESG)
        • $CARROT Distribution Model
          • Waste Source Not Identified
        • Carbon Credit Tokens from Composting
      • Tokenomics
        • Supply and Demand
        • AMM & LPs
        • $CARROT Stablecoins/Fiat
        • Burn-As-A-Service
        • Lending & Forwards
        • Carrot Ecosystem Fees
        • Carrot Incentive Mechanism
        • Tokenomics Conclusion
      • Value Proposition
        • Network Integrators
        • Producers (Credit Buyers)
        • Recyclers, Haulers & Processors
        • Waste Generators
        • Bin Custodians
        • State and Federal
        • Municipalities
        • Fund Managers
        • NGOs & Donors
        • Partners
        • External Service Providers (ESPs)
      • Closing the Loop
        • Proof-of-Recycled-Content
        • Product Composition
        • Local Recyclability
      • Product Roadmap
        • Product Decentralization
        • Protocol Selection
    • Governance
      • Carrot DAO
        • $CARROT Token Governance
        • Carrot Improvement Proposal Process
        • Carrot DAO Maintenance and Processes
        • Carrot Retroactive Funding
      • Progressive Decentralization
        • Incentives for Participation
        • 3 Phases of Decentralization
      • Security
        • Community Values
        • Community Guidelines
        • Holder Reputational System
    • The Carrot Foundation
      • Mission
      • Goals
      • Vision
      • $CARROT Allocation
      • $CARROT Supply
      • Treasury Reserve
      • Wallet Onboarding
      • The Genesis Team
      • Community Fund
      • Launch Strategy
      • NFT Auctions w/ Options
      • Stewards & Board
      • Advisors
      • Founders
    • Conclusion
      • Acknowledgements
    • Appendix
      • Formula comparison Between TRCs And TCCs
      • Formula for Project and Leakage Emissions From Composting
      • Formula For Baseline Emissions of CO2
      • CWIP Process (Extended)
      • Generating Reputational Metrics
      • Applying Reputational Metrics
      • Holder Reputational System Token Implementation
  • Carrot Methodologies
    • Glossary
    • Rewards Distribution Policy
    • BOLD Recycling Credit
    • BOLD Carbon (CH4)
  • More
    • Terms & Conditions
      • T&C of Use
      • T&C for Sales and Purchases of TRCs and TCCs
    • Download White Paper
  • Connect With Us
    • Website
    • Discord
    • E-mail Carrot Team
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dMRV

PreviousCreating ValueNextCreating a Market

Last updated 11 months ago

As a blockchain network in the cloud, Carrot applies a series of technical solutions to verify environmental gain, identify good actors and reward them for their environmental contributions. First and foremost, the Recycler is a homologated actor that has undergone a third-party audit. Certification of recycled waste is conducted in accordance with a methodology developed by an independent individual or organization considered an expert in the field and approved by the Carrot community. Supply chain tracking is enabled through the use of MassIDs and ProductIDs that are codified in the Carrot Network and updated through hauling, sorting and recycling events submitted to the network by logistics and waste management applications (Network Integrators). The updates to MassIDs and ProductIDs, verified through rigorous rules, identify waste responsibility and establish the chain of custody of resources and products, the combination of which serves as “”. Verification models for certification of recycling are run based on a given methodology to confirm supply chain tracking and recycling work, measure environmental gain and issue TRCs and TCCs. These activities, along with the distribution of rewards, are recorded digitally in the and can be verified by auditors, credit buyers, regulators, shareholders, employees, customers, or anyone else. An end-to-end digital process for certifying and issuing credits is commonly referred to as dMRV (digital Measurement, Reporting, and Verification) solution, understood as the next evolution of the process needed for issuing carbon credits in a transparent and trustworthy manner.

The Carrot product is a dMRV solution for the circular economy. It is the foundation for the next version of the offset markets, both for recycling credits and carbon credits. Below is a diagram that shows the workflow that begins with capturing data from the market and concludes with credits distributing rewards to supply chain contributors and being retired to the Carrot Registry.

Proof-of-Physical-Work
Carrot Registry