Exciting news! Hyundai Motor and Kia have launched their blockchain-based Supplier CO2 Emission Monitoring System (SCEMS) on the Hedera mainnet. This move shows the immense value of the Hedera network, extending beyond its Governing Council. The system is a game-changer in combating climate change and creating sustainable supply chains.
By leveraging blockchain technology, the SCEMS accurately computes carbon emissions at every stage of the supply chain, from raw material procurement to product transportation. It guarantees reliable data for Hyundai Motor, Kia, and their partners, empowering them to set carbon reduction targets and forecast future emissions with the help of AI integration.
With the powerful combination of AI technology and Hedera's high-performance network, the companies can proactively meet environmental regulations, locally and globally. Regulators, stakeholders, and investors gain complete visibility and confidence in the data, enabling transparent measurement, verification, and reporting across the entire supply chain.
This milestone marks another success in the Hedera community's multi-year institutional #ESG strategy, leading the way towards a greener and brighter future for all. With such innovative initiatives, we move closer to bringing the planet's balance sheet to the public ledger. It's a step in the right direction, and we are thrilled about the bullish potential of $HBAR
Official announcement link 👇
https://www.hbarfoundation.org/blog-post/hyundai-motor-and-kia-introduce-co2-emission-monitoring-system-built-on-the-hedera-network
