On 15th May, Ms. Chaitrali Bhoi engaged in a focused architectural design session for the Open Network for Carbon Markets (ONCM) with Mr. Sujith Nair and team at Networks for Humanity (NFH), an initiative to build open, inclusive and interoperable digital infrastructure for India’s emerging carbon credit trading ecosystem. Drawing on the Beckn protocol-enabled ONCM envisions an open network where carbon market ecosystem actors such as project developers, registries, verifiers, MRV/ dMRV service providers and buyers transact over shared specifications without platform lock-in.
The discussion centred on how ONCM can serve India’s evolving domestic Carbon Credit Trading Scheme (CCTS), including both the compliance mechanism and the offset mechanism for voluntary participants, while remaining interoperable with other voluntary carbon market frameworks. The session addressed core design challenges: how to map open-network architecture at national and international scale, how to ensure accessibility for small-scale project developers, and how to embed programmable verification that satisfies both domestic regulation and international buyer standards. ONCM is being built as an open network of platforms, not just a single platform – a distinction that will define its long-term utility for Indian and global carbon markets and its relevance as an exportable DPI model.