IOTA and ClimateCHECK Partner for Climate Change

Spread the love

IOTA and ClimateCHECK are expanding their collaboration and have released DigitalMRVTM. It is a solution that streamlines Measurement, Reporting, and Verification (MRV) and uses the permissionless architecture of the Internet-of-Things (IoT) network for data streaming and safeguarding of confidential industrial data. 

ClimateCHECK and IOTA are Partnering

In a press release on Dec 8, they will partner to create innovative solutions for climate change, promoting the use of clean technologies, and fostering an open ecosystem around sustainable Distributed Ledger Technology (DLT) solutions.

Inherently, IOTA is a blockless network that’s infinitely scalable and more importantly energy-efficient.

Although it does rely on globally distributed miners, their energy requirements aren’t as demanding as those needed to run Bitcoin mining gear. 

ClimateCHECK, on the other hand, is a leading international provider of climate and cleantech services and solutions. They have been involved in climate change initiatives since 1998, focusing on 2009 on integrating digital solutions into MRV.

Commenting, Tom Baumann, CEO of ClimateCHECK, said:

“Digital innovations are rapidly advancing and becoming more important for efficient and effective scaling of climate actions and nationally determined contributions under the Paris Agreement, as well as climate-smart technologies, carbon markets, carbon border adjustments, climate disclosure, and finance. We look forward to expanding our strategic partnership with IOTA and its robust digital ecosystems to set the standard with DigitalMRVTM for nextgen assurance to enable innovative solutions for climate change, cleantech, and sustainability.”

Pilot Project in Chile was Successful

The IOTA and ClimateCHECK collaboration started with the deployment of the MRV in a pilot project funded by the Canadian government through Environment and Climate Change Canada (ECCC) as part of the Reciclos Organicos project in Chile. 

By working with ClimateCHECK experts, they sought to demonstrate how the IOTA ledger can be used to improve efficiency, lower the cost of MRV, by using the network as a single source of truth for all its sensors. 

Its success would further help to illustrate the feasibility of distributed systems and specifically how public DLT networks can be used successfully for climate change as well as for the sustainable transformation of economic systems.

With the successful pilot program, IOTA now plans to increase the scope and roll out the solution to more plants and different industries in the next six months. 

 275 Interactions,  2 today

Ethereum, Synthetix, VeChain Price Movement Analysis for 11th April, 2021

Ethereum saw a bearish divergence and fell below $2100, but it was met with strong demand. Synthetix hit $20 as Read more

RECOMMENDED READ:  What Economist warns of should 'Bitcoin Aristocrats' ever takes place
SEC’s appeal for financial reports from Ripple executives Garglinghouse and Larsen denied by a judge.

Ripple's motion to retain the records of the new and former CEOs confidential was approved by Magistrate Judge Sarah Netburn. Read more

Non-Fungible Tokens (NFTs): What Are They?

Non-Fungible Tokens Are Transforming Rare Collection Ownership and Exchange Tokenization is ideal for resources such as fiat currency, gold, and Read more

Here was the moment Bitcoin surpassed $61k for the first time in history

The Bitcoin ($BTC) price burst through $61,000 for the first time in four weeks at 05:00 UTC on Saturday (April Read more

Cardano will launch smart contracts in August, with a focus on the DeFi Boom and corporate use cases.

The Cardano blockchain development team is revealing new information about the launching of its smart contracts. Following the announcement of Read more

What exactly is Monero? , Monero (XMR) analysis, experience, benefits, and drawbacks

Monero is a cryptocurrency, a digital product that uses encryption to encrypt transactions. It is the thirteenth largest cryptocurrency by Read more

Algorand, Hedera Hashgraph,Tron Price Movement Analysis for 10th April, 2021

Tron's breakout from an ascending triangle was stymied by the $0.12 resistance level. Algorand's bearish technicals were expected to exceed Read more

How Ethereum could reach $10,000 in 2021 and outperform Bitcoin, seasoned trader

Ethereum's "tremendous upside potential," according to experienced trader Scott Melker, could overshadow Bitcoin this year. In an interview, seasoned investor Read more

Litecoin, Elrond, Dash Price Movement Analysis for 10th April, 2021

Litecoin required stronger cues to break through the $244.2 resistance level, but its long-term forecast remained bullish. Elrond may break Read more

Aave, Chainlink, Decred Price Movement Analysis for 10th April, 2021

Aave stuck below its 200-SMA. Chainlink was moving in an ascending channel, but a collapse did not seem to be Read more

Leave a Reply

Contact Us