Innovation Tagline: Non-fungible tokens (NFTs) as digital ink for tracking waste emissions.
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- CI of oil & gas supplied (Fuel trade out) -> flared gas + leakage / fuel outputs
- CI of Refined fuel trade -> other emissions (e.g., electricity/heat, flue gases) / refined fuel out
- The example also subtracts offset credits purchased from a dealer (green box)
The next steps step will involve building tools to pull in different measurement data sources to support verification and independent auditing and verification (MRV cycle):
- company voluntary reports/ ERP sensors of (gas flaring)
- independent tracking service focusing on Flaring Monitor
Figure 3 Architecture for verifying waste emission.
Figure 3 depicts and an ongoing effort by the blockchain carbon accounting team to collect emission data points into a databased database (orbitDB) using IPFS or Fabric. These are connected to Ethereum contracts (NET/C-NFT) using a ChainLink oracle service or DAO.
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Woody Moore is a CA2 SIG Co-chair on building the business case for tracking carbon emissions across supply chains
b. Identify talent/resource gaps and needs (Do you need more support developing the blockchain solution? Do you need support with front end development? Do you need support developing the business model?)