Open Networks for Carbon Markets
What is ONCM?
Every carbon credit has a story: where it came from, who verified it, whether it’s been sold twice and so on. Right now, that story lives in disconnected registries, over-the-counter deals, and paper audits that can take 18 months to complete. The Open Networks for Carbon Markets (ONCM) is a shared, open infrastructure layer that makes that story travel—interoperable, tamper-evident, and visible to every stakeholder in the chain—turning carbon credits into a durable, financeable asset instead of a one-off transaction. India, supplying 17% of the world’s carbon credits just as its own carbon market rules are being written, is where we’re building it first.
ONCM in action
A farmer in Odisha plants an agroforestry plot. For the first time, her land’s carbon sequestration is verified through satellite and IoT-based dMRV evidence, not just costly manual site visits. A project developer finds her directly on the network: onboarding her, preparing the project documentation, and shepherding the project through verification and registry listing. A corporate buyer in Mumbai compares her credits against others across multiple registries, checks the underlying claim instantly, and retires the credit. The registry updates in real time, confirming the retirement instantly and ruling out any risk of the same credit being counted twice. A regulator watches the entire journey—issuance to retirement—in a single tamper-evident audit trail.
One shared source of truth, visible to everyone in the chain, ensuring more of the value flows back to the farmer.
