NEW YORK & DENVER–(BUSINESS WIRE)–Project Canary®, a main supplier of complete site-level emissions knowledge and independently verifiable local weather credentials that inform operational, funding, security, and reporting actions, will set up a course of to place Project Canary Verified Climate Attributes™ on EarnDLT’s blockchain-based Emissions Accounting System, the businesses introduced at present. The settlement goals to facilitate the expansion of the differentiated or Responsibly Sourced Gas (RSG) market by rising stakeholders’ confidence round monitoring, transferring, and retiring environmental attributes.
Key highlights of the collaboration embody:
- Project Canary and EarnDLT will collaborate to rework Project Canary Verified Climate Attributes into EarnDLT’s Quantified Emissions Tokens™ and retailer them on EarnDLT’s enterprise-grade, blockchain-based Emissions Accounting System.
- Project Canary’s rigorous and trusted attribute verification strategy, which makes use of impartial measurement and assessments, will likely be mixed with the quite a few advantages of EarnDLT’s blockchain resolution, together with knowledge immutability and integrity, environment friendly possession switch, and retirement of emissions attributes.
- Both firms will collaborate to enhance the interoperability of the Project Canary Verified Climate Attributes with different digital registries to create a full universe of non-fungible tokens.
Increasingly sellers and consumers of RSG are demanding to perceive the exact environmental footprint of the fuel they produce, transport, and purchase. By separating the bodily fuel molecules from their verifiable environmental attributes and registering these attributes on the blockchain, the shopping for and promoting of differentiated fuel turns into backed by extra dependable knowledge, the chain of possession is wholly correct, and attribute switch and retirement are way more environment friendly. As the broader marketplace for environmental attributes expands past verified low methane depth fuel, these expectations will lengthen to different attributes like water utilization and land, security and neighborhood attributes.
“Our Quantified Emissions Token and Emissions Accounting System bring needed transparency and accountability to the quickly rising environmental attributes market,” mentioned Aaron Lohmann, Earn DLT Chief Executive Officer. “A blockchain-based platform provides accountability and prevents double counting of attributes, increasing the transactability of responsibly sourced gas and Project Canary’s other verifiable environmental attributes.”
The firms will work collectively to make it simpler for mutual clients to be a part of the registry. As the market expands, the businesses will work with clients to seamlessly onboard extra environmental attributes onto EarnDLT’s platform whereas guaranteeing these tokens are transferable amongst totally different registry platforms to assist vendor and purchaser alternative and develop the general market.
“Buyers want differentiated commodities, and the only way to support the buy-side is to achieve verifiable attributes on the sell-side using reliably accurate independent third-party data. Blockchain registries bring radical transparency to the markets, adding another layer of trust and accountability for Project Canary’s emissions data and insights,” mentioned Chris Romer, co-founder and Chief Executive Officer of Project Canary. “EarnDLT’s registry is one of the missing puzzle pieces in creating a transactable, trusted climate attribute trading market. Just as we offer a portfolio of emission sensing technology choices for customers, they also have multiple registry choices, which is good for the differentiated gas market.”
EarnDLT (“distributed ledger technology”) is an enterprise-grade blockchain platform that radically improves transaction effectivity and integrity for a number of industrial and business sectors. Earn’s Quantified Emissions Token™ and Emissions Accounting System make the shopping for and promoting of environmental attributes considerably simpler and extra reliable. The firm’s credit score and lending resolution dramatically scales the settlement course of for over-the-counter monetary devices. By redesigning at present’s guide and analog processes utilizing the ability of blockchain know-how, Earn is dedicated to unlocking new types of worth for companies and our planet. Read extra about Earn’s daring imaginative and prescient for a blockchain-based future right here: https://earndlt.com/
About Project Canary
Project Canary® is the main supplier of local weather insights for emission-intensive firms. Asset-level environmental assessments and the Project Canary networked sensor cover present independently verified local weather credentials that affect well being, security, reporting, and disclosures. The firm offers operational insights, emissions knowledge, and Verified Climate Attributes™ to decarbonize power methods by integrating sensor array knowledge with a real-time portal for in-depth knowledge analytics. Formed as a Public Benefit Corporation, the U.S. Colorado-based group contains scientists, engineers, and seasoned trade operators deal with emissions discount utilizing a quantifiable, measurement-based strategy. www.projectcanary.com