Yesterday the blockchain mobility non-profit, MOBI announced its latest standard, the Trusted Trip. Co-developed by several members, including the EU, DENSO, Hitachi America, and ITOCHU, the aim is to track ‘trips’ for a person, a parcel, a vehicle, a battery or something else. As many companies commit to becoming net zero, one of the most important applications of the standard is to track the carbon emissions of trips.
In the United States, the EPA estimates that the transport sector accounts for 29% of green house gas (GHG) emissions. Globally, the International Energy Agency estimates the industry is responsible for 24% of direct CO2 emissions. Either way, those are big numbers, and new tools are needed to reduce them.
“Organizations are making bold commitments for a net zero carbon future and will need to adopt blockchain solutions to deliver on their promises,” said Tram Vo, MOBI Co-director and Founder. “Blockchain’s consensus mechanism and immutability are required for track and trace — from material, supply chain, through production, first-life and second-life use, recycling, and end of life.”
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
