Last week Korean automotive firms Hyundai and KIA announced a new blockchain and AI-powered Supplier CO2 Emission Monitoring System (SCEMS). The public Hedera DLT will be used to record the carbon emissions data from suppliers and artificial intelligence (AI) will predict future emissions.
The carbon footprint will be tracked throughout the lifecycle including the materials used, the manufacturing process and the transport of finished products.
Hyundai hopes that by using the latest technology regulators and other stakeholders will “have complete confidence in the accuracy of the data.” It’s true that blockchains and DLT are immutable so the data can’t be tampered with after it’s recorded. But whether or not the data is accurate in the first place would have to be verified in some other way.
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