Provenance blockchain company Everledger announced today, Earth Day, a range of improvements to its platform that enable sustainability credentials.
Many Everledger partners operate in the diamond, automotive and electronics sectors and use the platform to track and trace the sustainable extraction of minerals used in production. Beyond having a responsibility with customers to deliver ethically sourced products, these industries also face strict regulations set by the EU and other governing bodies. For example, the EU Taxonomy Regulation, which defines sustainable activities, and the EU Battery Legislation, which provides rules for the electric battery industry regarding carbon footprint, recycling, and labeling. As such, Everledger’s blockchain solution enables companies on the network to comply with regulatory requirements in minerals extraction and recycling.
The same technology used to ensure this compliance can be applied to assure the credibility of sustainability claims. The improved developments on the platform capture data on energy use and greenhouse gas emissions across all steps of extraction, processing, and transportation of materials in the supply chain. Additionally, new features offer sustainability badges to well-performing companies, real-time reporting, and interoperability through API connections.
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