MUMBAI, India, March 13 -- Intellectual Property India has published a patent application (202611006458 A) filed by Thapar Institute Of Engineering And Technology, Patiala, Punjab, on Jan. 22, for 'a blockchain-based carbon credit lifecycle management platform.'
Inventor(s) include Dr. Nitin Arora; Dr. Sumit Sharma; Aditya Sharma; Aryan Saxena; Saarthak; and Vedansh Purohit.
The application for the patent was published on March 13, under issue no. 11/2026.
According to the abstract released by the Intellectual Property India: "The present invention provides a blockchain-based credit lifecycle management is disclosed. The invention enables role-based access, management, and retirement of carbon credits using smart contracts deployed on a decentralized network (Polygon, ERC-1155 standard). The platform features on-chain retirement with reason and event tracking, decentralized metadata (IPFS), supports batch transfers and real-time analytics through the graph. Only authorized issuer can mint credits, each with a reason, each with project ID, vintage, serial number, registry and IPFS metadata. This approach ensures compliance, enhances auditability, and reduces operational costs compared to prior solutions, while increasing transparency and scalability in carbon credit management."
Disclaimer: Curated by HT Syndication.
