BlockApps launched TraceCarbon, a net zero blockchain enterprise network to provide sustainability traceability for the CO2e ecosystem, enabling compliance and transparency in processes like corporate reporting and product lifecycle analysis, as well as improved project effectiveness.
“BlockApps’ TraceCarbon ecosystem has met the moment,” says Dr. Jonathan Hollander, product manager of CarbonSig. “Companies have awoken to their need for carbon accounting and transparent reporting – whether spurred by regulatory compliance or voluntary goal setting. CarbonSig allows for product level recording of emissions resulting from business activities and assigns them to goods and services. With this data available on TraceCarbon, the value offering is amplified by its connected services. The partnership between CarbonSig and TraceCarbon makes it a one-stop shop for better understanding corporate and product emissions.”
- TraceCarbon provides a standardized, secure and reliable record of carbon emissions and offsets that companies can trace back to the source for their own records, as well as for reporting purposes to maximize transparency.
- The data gathered is protected through a combination of role-based access control and private chain capabilities to help ensure security and continuity in a rapidly changing environment.
“Until now, companies have been unable to provide accurate information on their sustainability efforts. In fact, to avoid over reporting, they reduced emission reduction estimates by as much as 50%, resulting in missed opportunities and unnecessary expenditures,” says Kieren James-Lubin, president and CEO at BlockApps. “TraceCarbon gives companies real-time insight into their sustainability goals and enables cost savings not just in compliance, but the identification of new revenue streams with better access to data. To make these benefits as accessible and meaningful as possible, we prioritized ensuring that onboarding was low barrier and making TraceCarbon a net zero solution.”