The document discusses modernizing carbon markets through digital measurement, reporting, and verification (DMRV). It proposes that DMRV could make carbon markets more high quality, transparent, and scalable by digitizing processes like data gathering, calculations, and auditing. This includes using technologies like satellites, machine learning, and interactive digital tools. It also describes Pachama's work developing a core technology to digitally compute carbon credits through a simplified equation accounting for project emissions, baseline emissions, leakage emissions, and uncertainty adjustments. The goal is an integrated digital platform for issuance and trading of credits.