A single ledger for certificates and money
9 May 2023
Harry Kearney, COO
As we discussed in our previous blog post, trust and transparency are essential in any business relationship, especially when it comes to voluntary carbon and renewable energy markets.
However, trust and transparency can be difficult to achieve, especially when it comes to financial transactions. Traditional payment systems can be opaque, and it can be challenging to track and verify payments. When you add digital certificates into the workflows, tracking who paid for what and when becomes almost impossible.
At ZTLment, we believe that the solution to this lies in the combination of tokenised certificates and real money on the same accounting ledger.
Tokenised Digital Certificates - an introduction
Tokenised digital certificates are a unique digital form of certificate, such as a guarantee of origin (GO) or a voluntary carbon offset. Tokenised digital certificates in the renewable energy and voluntary carbon markets can be easily and efficiently tracked, verified, and transferred, adding a layer of transparency and efficiency.
Unlike traditional paper certificates, digital certificates can be easily shared and verified in real-time, providing stakeholders with a clear and transparent view of the transaction. With digital certificates, it is possible to track the origin, ownership, and history of each certificate.
Digital Certificates and Money on the Same Ledger
At ZTLment, we go beyond normal levels of transparency by combining digital certificates and regulated money on the same ledger.
By putting real money on the same ledger as digital certificates, we can provide end-to-end transparency for every transaction, from the origin of the certificate to the transfer of funds. This provides stakeholders with a clear and transparent view of the transaction, helping to build trust and promote transparency.
Combining digital certificates and regulated money on the same ledger can also simplify emissions accounting. With clear records of every transaction, businesses can easily track their emissions reductions and ensure that they are meeting their sustainability goals.
A simple solution for finance teams
Our conditional payments solution is designed to be easy to use and integrate seamlessly with existing workflows. Our customers can easily create and execute conditional payments with certificates and funds, in full accounting transparency between selected parties.
As a payments institution, regulated by the Danish Financial Supervisory Authority, it means we can provide these services in full regulatory compliance. Interested in hearing more about single ledger transparency? Don’t hesitate to reach out.
Harry Kearney, co-founder and COO at ZTLment
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