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- Use Hyperledger to perform a carbon accounting audit or carbon neutrality certification in a permissioned ledger.
- Create tokens or assets based on the audit so that it could be used for another company, such as a customer, in its carbon audit and certification down the value chain.
It's a simulation of how carbon emissions data could be shared across multiple permissioned ledgers once this technology becomes widely adopted. Meanwhile, it could also be used as a self-contained application for calculate carbon emissions of companies.
Let's start with a hypothetical company C1, which 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.
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