JPMorgan has raised concerns that earlier attempts to tokenize carbon credits compromised market integrity through double-counting and trading of retired credits, which Kinexys aims to solve through full-cycle traceability

Quotes that support claims

The companies will oversee the movements of credits and explore whether blockchain technology can be applied to tracking ownership and transactions from the initial issuance of credits to their retirement.

JPMorgan also said some earlier attempts by other carbon market participants to tokenize carbon credits caused “market integrity” concerns, particularly around the risks of double-counting or transacting retired credits.