Hyundai Motor and Kia Launch CO2 Emission Monitoring on Hedera Community

Hyundai Motor Group, which incorporates Hyundai Motor and Kia, has launched a Provider CO2 Emission Monitoring System (SCEMS) that leverages the Hedera mainnet to trace and confirm the carbon footprint of its suppliers. 

This technique goals to reinforce environmental sustainability and social duty by guaranteeing knowledge accuracy and safety throughout the complete provide chain, from uncooked supplies procurement to manufacturing and transportation. 

The Hedera mainnet is a public distributed ledger that gives excessive efficiency, low value, and decentralized governance. With Hedera, Hyundai Motor Group goals to exhibit its belief within the community’s capabilities and imaginative and prescient for a greener future.

“Blockchain know-how holds the important thing to a revolutionary strategy in managing carbon emissions and combating local weather change, ushering in a brand new period of sustainable provide chains inside our cooperative community,”

stated Seung Hyun Hong, Head of Supplies Analysis and Engineering Heart at Hyundai Motor and Kia.

“As one of many largest automobile producers on the planet, Hyundai’s integration of Hedera marks a big milestone for sustainability throughout the auto business,” Hedera wrote on Twitter.

Lowering carbon emissions is essential for mitigating local weather change impacts. Due to this fact, correct and clear knowledge measurement, verification, and reporting are important. 

SCEMS, incorporating AI know-how and the Hedera community, permits Hyundai Motor, Kia, and their companions to fulfill environmental rules and set up sustainable provide chains. This fosters confidence amongst regulators, stakeholders, and traders within the knowledge, empowering them to set carbon discount targets and forecast future emissions precisely.

What are the advantages of utilizing blockchain know-how for carbon emissions monitoring?

Blockchain know-how permits decentralized and clear knowledge storage and verification. It facilitates carbon emissions monitoring by means of a digital ledger of an organization’s carbon footprints, guaranteeing accountability and belief. As well as, blockchain permits the creation and buying and selling of carbon credit, incentivizing greenhouse gasoline emission discount.

Different motor corporations are additionally leveraging blockchain. As an example, BMW partnered with Coinweb to combine blockchain know-how into its every day workflow and supply a blockchain loyalty program for its prospects in Thailand.

Learn extra: