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...

Blockchain-based electric vehicle charging and integration set to tip $1bn by end of decade

The combined markets of blockchain-based electric vehicle charging and grid integration is forecast to break $1 billion by the end of the decade at a CAGR of 77.9%, according to a new report.

The study, from Guidehouse Insights, argues that through in-house or working with consortia, increasing numbers of traditional energy stakeholders are experimenting with blockchain technology. Such use cases 'have emerged as technologically sound and feasible within the regulatory and...

Global market for blockchain applications in microgrids to surpass $1.2bn by 2028, says Navigant

The latest report from Navigant Research has predicted that the global market for blockchain applications in remote and grid-connected microgrids is expected to exceed $1.2b by 2028, experiencing a compound annual growth rate (CAGR) of 67.8 per cent from 2019-2028.

The report, which examines trends driving the development of blockchain applications for both microgrids, states that the microgrid vendors and energy blockchain vendors are exploring more and more use cases wherein...

Mercedes-Benz looking to blockchain to provide transparency for CO2 emissions

Mercedes-Benz is planning for a carbon neutral new passenger car fleet as part of its ‘Ambition2039’ initiative, which is part of the company’s proposed path to sustainable mobility. To achieve its goal, the luxury automobile manufacturer has started by piloting for transparency on CO2 emissions in the cobalt supply chain.

The organisation has collaborated with Circulor, a London-based startup which aims to use blockchain and AI technologies to establish a new global...

World Economic Forum launches self-service blockchain track and trace platform

The World Economic Forum (WEF) has announced the launch of the first neutral and public traceability platform that is capable of visualising blockchain-based supply chain data from multiple organisations and sources. The platform has been developed to assist businesses across industries address the consumer demands for ethical and sustainable products.

Until today, before the launch of the WEF platform, organisations have published this kind of data by themselves or depended...

Fiat Chrysler and Glencore join responsible sourcing blockchain network

Fiat Chrysler Automobiles (FCA) and mining firm Glencore have become the latest entrants to join the Responsible Sourcing Blockchain Network (RSBN), an industry collaboration which uses blockchain technology in order to support sustainable, responsible sourcing and production practices from mine to market.

According to Fiat Chrysler, the company will jointly work with the network for the launch of a global audit and trace of cobalt in its supply chain. By 2022, the automaker is...