Transfer

Transfer Mechanism

Description of the smart contract-based system for PEC transfers

Step-by-step process of initiating, validating, and completing a PEC transfer on the blockchain platform

Role of smart contracts in automating transfer processes and ensuring compliance with predefined rules and standards

Verification and Validation Procedures

Mechanisms for verifying the authenticity of PECs prior to transfer

Validation of the eligibility of both the sender and receiver in the PEC transfer process

Use of blockchain to provide an auditable trail of PEC ownership and transfer history

Transparency and Traceability

Ensuring complete transparency in the PEC transfer process

Traceability of PECs from issuance to retirement, accessible in real-time through the blockchain ledger

Data Security and Privacy

Ensuring the security of transaction data on the blockchain

Protecting the privacy of parties involved in PEC transactions while maintaining transparency of the transfer process

Handling Discrepancies and Disputes

Mechanisms for identifying and resolving discrepancies in PEC transfers

Process for dispute resolution, leveraging blockchain records as a source of truth