6. Governance
Regen Registry is built on the principles of openness, collaboration, accountability, user centric design, transparency, responsiveness, and participation. This is applied to Credit Class administration and Methodology design, provision of monitoring and verification services, integration with other registries, and with 3rd-party service providers.
Credits issued under Regen Registry rely on a software implementation that includes two layers:
Regen Marketplace - a centralized software layer that provides user interfaces for managing accounts, project pages, buy/sell functionality, administrative functions; and
Regen Registry System - a decentralized software layer that is used to issue, transfer, and retire credits and tracks all pertinent monitoring, reporting and verification (MRV) information as immutable records.
Regen Registry is operated by Regen Network Development, PBC (RND), a private for-profit company. Regen Ledger is a public decentralized ledger that is not owned by a single entity (including RND) and is a Digital Commons[6] that is operated by a network of independent stakeholders called Validators that are incentivized to maintain the integrity of the underlying ecological data and credits tracked on the ledger. Regen Network believes this is the best way to maintain long term data integrity, auditability, transparency, and viability, and enables a just allocation of resources and sustained regeneration of ecological ecosystems (see blog post[7] for more details).
Regen Registry is committed to fully complying with all relevant U.S. Commodity Futures Trading Commission (CFTC) and the U.S. Securities and Exchange Commission (SEC) standards and other applicable regulations.
In the event that RND dissolves, the Regen Registry’s contractual agreements bind both Registry Agents and Project Proponents and buyers to uphold any outstanding contractual commitments.
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