METI is an agricultural industry-first digital claims clearinghouse, utilizing advance encryption techniques to assign unique identifiers, or “thumbprints,” to data. This ensures data confidentiality while enabling third-party verification, making environmental claims in agricultural supply chains and landscapes credible, comparable, and traceable. Additionally, METI integrates a secure source ledger and a conflict resolution process, reducing duplication of claims across platforms, projects, and registries allowing members to trust the integrity and exclusivity of their environmental claims without compromise.
METI offers foundational services to support secure environmental claims in agricultural supply chains and landscapes:
Data Transparency and Management: A digital ledger that enables access to reliable, privacy-preserving data.
Conflict Resolution: A streamlined process to resolve overlapping claims, reducing duplicated assets across projects, programs, and registries.
Verification and Auditing: Comprehensive tools to track and make agricultural climate project data reviewable by third parties and regulatory bodies.
Integration with Financial Processes: Connection to financial systems to facilitate project financing and provide a trusted foundation for climate markets.
MillPont operates a membership-based program, METI Originate, with options suited for a range of organizational structures and scales:
Basic: Ideal for small projects and pilots, offering 100 secure sources per year, with an option to add more at a per-source fee.
Standard: For growing businesses, including 15,000 secure sources and API access with scalable fees for additional sources.
Enterprise: Designed for high-volume marketplaces and registries, offering 95,000 secure sources, API access, and advisory support, with customizable fees based on usage.
METI stores essential metadata related to the Source of environmental benefits, such as the geospatial and temporal extent of a project claim (e.g., a field from an agricultural project from 2020 to 2030). Each source is unique per environmental attribute (e.g., carbon, biodiversity), mitigating duplicated assets. METI only stores data needed for uniqueness and provenance, preserving privacy and competitive information, while promoting transparency with easy validation and verification.
To safeguard and handle data, MillPont has developed proprietary applications of Fully Homomorphic Encryption (FHE), an advanced encryption technology allowing computations on encrypted data without exposing Personally Identifiable Information (PII). This means that METI can securely process and validate environmental claims without compromising individual privacy or disclosing sensitive project information. By using advanced encryption, METI maintains data integrity and transparency for verification while ensuring that personal and location-specific details remain protected and private.
Additionally, MillPont’s pursuit of SOC 2 compliance underscores its commitment to industry-leading standards in data security and privacy management.
Blockchain tokenization can be powerful but does not inherently prevent double-counting. Only tokens with cryptographically-linked MRV (Monitoring, Reporting, and Verification) audit trails provide full claims integrity. METI Originate complements blockchain by offering a cryptographic bridge across diverse on- and off-chain solutions, providing a unified checkpoint for data verification across protocols, platforms, and systems, enhancing the security and reliability of existing blockchain applications.
A Custodian holds ownership or administrative authority over the data required to produce, and or underwrite, an environmental asset connected to Secure Source IDs (SSIDs) and Environmental Attribute Certificates (EACs). Custodians, typically project developers or program administrators, are responsible for the management of SSIDs and issuance of EACs, ensuring claims data is governed with the highest standards of accountability and exclusivity.
SSIDs are unique 16-character identifiers embedded in digital certificates for sustainable projects. As digital identifiers, SSIDs create unique, comparable claim fingerprints, blending geospatial, temporal, and environmental data. These identifiers enable efficient underwriting, verification, and secure data comparison across platforms and data systems.
EACs are market instruments that represent the intangible property rights to claim the quantified environmental benefits generated by sustainable practices and ecosystem services connected to water, carbon, and biodiversity. Issued and managed by Custodians, they can includes one or more SSIDs, providing integrity, exclusivity and traceability. EACs are mediums of exchange for the transfer of environmental assets across platforms and between counterparties.
MillPont is building resilient infrastructure designed to attract institutional investment, drive market innovation, and enable scalable, regulation-ready environments. By proactively engaging with agricultural market participants and regulators, METI is developing a system that can evolve to support the scale and rigor of regulated markets like commodities, equities, and interest rates. This adaptable, scalable infrastructure uniquely positions METI to meet the rising accountability standards in global agricultural climate markets, including insets, biofuels, climate-smart commodities, and offsets.
To achieve global climate goals, companies need to reduce emissions quickly and effectively. However, decarbonizing at the necessary pace remains challenging, and climate markets are essential for directing capital toward projects that reduce and remove emissions worldwide. These markets—driven by insetting, offsetting, low-carbon biofuels and climate-smart —can scale to remove billions of tons of carbon annually, far beyond current trading levels.