Blockchain
COSCO pilot uses blockchain to verify decarbonisation efforts
Hong Kong-based consortium Global Shipping Business Network (GSBN) has concluded a pilot project with China’s COSCO Shipping to issue traceable and verifiable green certificates using blockchain technology.
COSCO has partnered with GSBN to launch its Hi ECO blockchain-based shipping product. GSBN uses its blockchain-enabled network to establish links between the Proof of Sustainability certificate, which documents the purchase of biofuel by the carrier, and Green Certificates issued to corporations.
According to GSBN, this connection guarantees each Green Certificate corresponds to an actual purchase of biofuel to establish a chain of purchase. Easier verification through attestation is expected to increase stakeholder confidence in the process and validate the veracity of the claims.
Establishing a connection between the Proof of Sustainability and the Green Certificate is the first step towards a larger goal of documenting the entire biofuel procurement process, from its source to its consumption, on the GSBN blockchain.
GSBN said its vision is to create a transparent and continuous chain of custody of biofuels, to establish integrity in environmental claims linked to biofuel.
In 2021, GSBN rolled out its first application in China, the blockchain-operated Cargo Release, which was picked up by COSCO, OOCL and SIPG.
GSBN chief executive Bertrand Chen said, “Measuring the impact of decarbonisation requires access to trusted data. The completion of this pilot with COSCO is a positive step towards ensuring that green claims are traceable and verifiable.”
“We look forward to working with our members and partners to deploy even more solutions to assist their decarbonisation transition.”
COSCO strategic customer developing and maintaining department manager, Tang Wei said, “The Hi ECO Certificate complements our commitment to reducing emissions throughout the entire well-to-wake cycle, and underpins the value we aim to provide our customers through green shipping. This pioneering solution has been further guaranteed to be fair and equitable through GSBN which serves as a neutral party, and through its blockchain-enabled platform, provides our customers assurance of immutability and traceability.
Source: rivieramm.com
The post COSCO pilot uses blockchain to verify decarbonisation efforts appeared first on HIPTHER Alerts.
WadzPay, a leading fintech company specialising in blockchain based technology for virtual asset payment solutions, is proud to announce its plan to enter the Stablecoin business, marking a significant expansion of its offerings. With a steadfast commitment to innovation and addressing evolving market demands, the company has strategically positioned itself to capitalise on the growing opportunities within the virtual asset financial services space.
ZettaBlock, a leading provider of blockchain solutions, has recently announced a significant enhancement to its offerings with the addition of blockchain data services. This development marks a strategic move aimed at bolstering ZettaBlock’s capabilities and further solidifying its position in the blockchain industry.
By integrating blockchain data services into its portfolio, ZettaBlock seeks to address the growing demand for comprehensive and reliable data solutions within the blockchain ecosystem. The new offering will enable clients to access a wealth of blockchain data, empowering them to make informed decisions and derive valuable insights from the vast amount of information available on various blockchain networks.
ZettaBlock’s decision to expand its services comes at a time when the importance of blockchain data analytics is increasingly recognized across industries. With blockchain technology continuing to gain traction and adoption worldwide, the ability to effectively harness and analyze blockchain data has become crucial for businesses and organizations seeking to unlock new opportunities and drive innovation.
Through its blockchain data services, ZettaBlock aims to cater to the diverse needs of its clients, providing them with access to real-time and historical data from a wide range of blockchain networks. This includes transaction data, smart contract metrics, network activity, and more, allowing users to gain deeper insights into blockchain transactions and activities.
The addition of blockchain data services represents a significant milestone for ZettaBlock, underscoring the company’s commitment to delivering cutting-edge solutions that meet the evolving needs of the blockchain industry. As businesses increasingly recognize the value of blockchain data in driving decision-making and enhancing operations, ZettaBlock’s comprehensive data services are poised to play a key role in shaping the future of blockchain analytics.
Source: cryptonewsz.com
The post ZettaBlock announces the addition of blockchain data appeared first on HIPTHER Alerts.
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