UPCO2 becomes first tradable carbon credit token listed on Bittrex Global

Universal Carbon (UPCO2) has become the first environmental crypto commodity to be listed on leading digital asset trading platform Bittrex Global.

UPCO2 is marketed as the world’s first tradable REDD+ carbon credit token and was launched on December 1 2020. As this publication reported last month, crypto broker Uphold noted the concept as one which “democratises access to millennials… 90% [of whom] now cite impact investing as their top strategy with climate change as the...

Featured: The Block’s list of innovative blockchain companies to look out for in 2021

Feature 2021 is going to be an exciting year for blockchain technologies. The launch of Ethereum 2.0, the ongoing volatility of Bitcoin and the intriguing use cases arising from DeFi will continue apace, while enterprise opportunities, from finance, to energy and sustainability, to the wider supply chain, remain.

The Block has selected seven companies to feature for 2021. Read their stories below:

Butterfly Protocol

Butterfly Protocol's goal is to provide a...

SFOX and UPA team up to make UPCO2 carbon credit token globally available

Another project begins to make use of blockchain technology for sustainability: crypto prime broker SFOX and Universal Protocol Alliance (UPA) are coming together to make a carbon credit token globally accessible.

Universal Carbon (UPCO2) is marketed as the world's first tradeable REDD+ (reducing emissions from deforestation and forest degradation in developing countries) carbon credit token. As crypto broker Uphold explained in December, UPCO2 "democratises access to...

Ford says blockchain and ‘dynamic geofencing’ can improve city air quality

A new study from Ford has argued blockchain technologies can help with hybrid electric vehicles for cleaner air in urban centres.

The pan-European research collated more than 400,000 kilometres of data through Ford Transit and Tourneo PHEVs (plug-in hybrid electric vehicles) across three countries.

In Cologne, a municipal fleet trial aimed to show how blockchain can complement geofencing - location-based triggers - to help improve air quality. Through geofencing,...

EDF joins Hyperledger to continue blockchain research for energy sector

Another quarter means another tranche of new Hyperledger members have been announced - with energy company EDF and cybersecurity firm WISeKey the standouts.

In total, 10 companies have joined the foundation, while BSOS and Hitachi have come on board - the former also a member - as Hyperledger certified service providers (HCSPs).

EDF has been putting together several initiatives in the blockchain space. Through its Exaion platform, the company is looking to become the...

KPMG reveals idea for blockchain tool to help measure greenhouse gas emissions

KPMG has announced the launch of a blockchain-based offering intended to help organisations more accurately measure and offset greenhouse gas emissions.

The patent-pending capability, known as Climate Accounting Infrastructure (CAI), will integrate a company's existing systems, including IoT sensors, with external data sources to establish a verifiable data trial of emissions recorded on blockchain.

The professional services firm is working with a variety of partners to...

Ripple: How cryptocurrency can be a viable route to sustainability for financial technology

Since the start of the Covid-19 pandemic, countries under full lockdown have experienced an average 25% decline in energy demand per week. Encouragingly, non-renewable sources of energy like oil and coal declined in usage nearly 20% as curtailment in commercial operations took hold.

However, projections from McKinsey suggest these positive developments could be dismantled by an increase in demand for digital technology - especially digital payments, which are expected to grow by...

Ripple pushes for carbon net-zero by 2030, urges all crypto players to be ‘accountable’

Ripple has announced a commitment to be carbon net-zero by 2030, claiming to be the first blockchain company to do so - and has put together partnerships to help achieve it.

The company is partnering with conservation organisations Rocky Mountain Institute and REBA, as well as the Energy Web Foundation, to help 'ensure fintech is sustainable' - a goal Ripple says is 'critical.'

The collaboration with Energy Web Foundation has seen Ripple co-create EW Zero, an open source...

Volvo doubles down on blockchain play with Circulor investment

Volvo has announced an investment in Circulor, a blockchain technology provider, as the company looks to further its ambitions in the sector.

The investment in Circulor is focused on providing greater traceability for cobalt in Volvo's supply chain, with Volvo Cars Tech Fund, the venture capital arm of the automotive manufacturer, contributing alongside SYSTEMIQ, Total Carbon Neutrality Ventures and Plug & Play.

Cobalt is used significantly in lithium ion batteries,...

Oil and gas blockchain consortium says successful water haulage pilot is ‘tip of the iceberg’

The OOC Oil & Gas Blockchain Consortium has announced the competition of a first successful pilot around water haulage.

The project, which was developed in partnership with Data Gumbo, involved automating the water haulage process, from field readings to invoice payments. It is claimed to be the first industry-wide use of a blockchain-native network - Data Gumbo's GumboNet network -for produced water haulage.

Initial results of the pilot include reducing the current...