According to InsurTech Insights, the partnership's main objective is to increase the transparency of carbon credit projects by incorporating Kita's risk management know-how into the OCP platform.

Through this collaboration, the voluntary carbon market will gain legitimacy and stability, encouraging higher-caliber projects and boosting stakeholder confidence.

Together with the OCP, Kita will offer critical analyses and risk assessments to protect the issuing of carbon credits and the projects that depend on them.

Important aspects of the partnership include buffer-as-a-service and Kita's services being directly integrated via an API into the OCP platform.

Additionally, Kita will manage buffer pool contributions within OCP's procedures in an advising capacity. This will entail conducting routine risk assessments to guarantee the continued efficacy and efficiency of the buffer pool's risk management system.

OCP participants will have easy access to Kita's knowledge thanks to this API connection, and Kita will get vital project data that will help them better evaluate and manage the risk profiles of various carbon initiatives.

By encouraging more cooperation and enhancing the general integrity of carbon markets, this data exchange is expected to be advantageous to both organizations.

The collaboration is a response to the industry's rising demand for honesty, openness, and confidence in the carbon credit market. The OCP and Kita are establishing new benchmarks for quality and accountability in the carbon market by combining their resources and knowledge.

"Our collaboration with Kita represents a significant leap forward in creating a more robust, transparent, and efficient voluntary carbon market," said Thomas Annicq of oneshot.earth, expressing excitement about the alliance. We're raising the bar for carbon credit quality and trust by fusing Kita's risk management and insurance knowledge with oneshot.earth's cutting-edge Open Carbon Protocol registry technology.

"Our partnership with OCP highlights the commitment of both organizations to improving integrity and confidence across carbon markets," Kita's Natalia Dorfman said, emphasizing the significance of the alliance. "Kita's in-depth knowledge of risk management, along with OCP's autonomous and creative registry model, adds more rigor and protection to carbon credit transactions," the speaker continued. In turn, this will stimulate major investment towards high-quality carbon solutions while preserving project stakeholders.”