Environmental stewards have actively explored methods to track carbon emissions to address the escalating concerns of climate change. However, existing carbon tracking capabilities are lacking in terms of traceability and reliability across industries and organizations. Further, minimal streamlining of taxonomies poses a challenge to their applicability across markets and creates a hindrance in raising funds for eligible activities.
This report introduces the “EcoChain-Link”, which comprises of two components:
EcoChain 1 proposes the integration of private blockchains and Internet of Things (IoT) devices to utilize smart contracts and enable the tracking of carbon emissions across each composite of the value chain.
EcoChain 2 leverages the tokenization of sustainable bonds using advanced technological capabilities, such as Distributed Ledger Technology (DLT), to enhance transparency and efficiency across the entire issuance lifecycle.
The combination of EcoChain 1 and EcoChain 2 results in integrated emissions tracking and a platform that promotes a sustainable capital market, creating an overarching blockchain solution that addresses the inherent limitations in existing carbon tracking frameworks.
Our report dives into the technicalities of EcoChain-Link and its components and covers the following areas: