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Hedera has inked important partnerships to track Carbon emissions in the automobile industry.
- With Hedera gaining traction in the mainstream tech sector, the impact on HBAR might be resounding in the future.
Hedera (HBAR), a popular decentralized open network, continues to increase its involvement in real-world adoption. In a recent development, Hyundai and Kia unveiled the Integrated Greenhouse Gas Information System (IGIS), a cutting-edge innovative platform.
Hedera Enhance Hyundai and Kia’s IGIS
The IGIS platform is designed to monitor, quantify, and manage carbon emissions across Hyundai Motor and Kia’s operations, leveraging blockchain technology for data management. Notably, IGIS is integrated with SCEMS, which Hedera previously announced in partnership with Hyundai and Kia.
Hyundai and Kia just unveiled IGIS, an advanced system for tracking carbon emissions across the entire vehicle lifecycle, leveraging blockchain technology for data management.
IGIS is integrated with SCEMS, which previously announced @Hedera integration.https://t.co/lWFWuERJAx pic.twitter.com/lBS7rS7bJ7
— TaTa (@hbarTaTa) December 30, 2024
The Supplier CO2 Emission Monitoring System (SCEMS) combines Artificial Intelligence (AI) with the Hedera network. This solution will bring transparency, trust, and accurate emissions tracking to the supply chain.
Reducing carbon emissions is a critical step toward mitigating the impacts of climate change. To succeed, SCEMS integrates AI technology, making it possible to set carbon reduction targets and accurately predict future carbon emissions.
With the introduction of IGIS, Hyundai Motor and Kia have taken a major step toward becoming carbon neutral. IGIS provides a comprehensive approach to carbon management activities using the Life Cycle Assessment (LCA) methodology. IGIS facilitates the collection of LCA data from supplier sites and components.
This data calculates carbon footprint and predicts greenhouse gas emissions across the supply chain. The technology tracks energy use across global production facilities and keeps a detailed record of carbon control initiatives. IGIS supports data integrity and security by leveraging blockchain technology, making it difficult to tamper with or falsify information.
The platform is anticipated to improve operational efficiency and simplify data administration by integrating current systems at Hyundai Motor and Kia. Incorporating carbon emissions data by IGIS would improve Hyundai Motor and Kia’s capacity to meet external certifications like CDP and RE100.
Furthermore, the technology will strengthen the companies’ dedication to international sustainability objectives and enable proactive compliance. This innovative platform demonstrates Hyundai Motor and Kia’s commitment to environmental responsibility and sustainability in the automobile industry.
Hedera’s Sustainability Initiatives
The Hedera network stands as an efficient solution to sustainable environmental management. Since its launch, Hedera has partnered with reputable entities to promote efficient blockchain innovations.
CNF reported that Hedera collaborated with EDF, a French multinational electric utility company, to explore blockchain and issue renewable energy certificates. Meanwhile, EDF is at the forefront of the Hedera Guardian project initiatives like electric vehicle RECs, green Hydrogen certification, and decentralized energy trading with Google Cloud.
Furthermore, Hedera recently formed a key partnership with NVIDIA and Intel, per a CNF report. These companies aim to leverage their technology to create “Verifiable Compute,” a hardware-based solution.
While Hedera gains relevance in the traditional finance sector, its native token, HBAR, now ranks among the most active coins, according to a CNF update. HBAR is trading at $0.2784 at press time, up 3.15% in the last 24 hours.