In this This Minimum Viable Product , we use will demonstrate two key concepts from the Carbon Neutral Certification Working Group:
- Use Hyperledger to perform a carbon accounting audit and carbon neutral certification in a permissioned ledger.
- Publish the results of the audit publicly so that it could be used for another company, such as a customer, in its carbon audit and certification down the value chain.
Let's start with a hypothetical company C1, which a hypothetical company.Our hypothetical company makes and sells a product. To do so, it purchases energy from a local utility and raw materials from a supplier. To become carbon neutral, it purchases a Renewable Energy Certificates (REC's) to offset its energy emissions and carbon offsets to balance out its overall carbon footprint. So the data we have for the company are:
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The results of the carbon neutrality audit would be published and made publicly available, so the company's customers could use it in their carbon calculations, just as the company did for its supplier. Question: Should this be signed and published on IPFS?
Then we'll have a second company C2 with the same setup, but which purchases the products of C1. It will obtain the carbon neutrality certification for C1 and use it for its own carbon audit and carbon neutrality certification.