Blockchain-powered digital platform would ensure compliance to guidelines for the use of biofuels, and provide transparency regarding Greenhouse Gas (GHG) emissions.
The use of biofuels is a critical piece of the solution to reduce carbon footprint and move towards net zero carbon emissions. Biofuels are considered to be a low-carbon energy source. because the median estimate of lifecycle emissions from Biofuels is 230 gCO2eq / kWh - much lower compared with classical fossil fuels. A number of guidelines and regulations worldwide have been implemented to promote the use of biofuels, either through a shift to this fuel type, or as an additive to traditional fossil fuels. All such regulations and compliance schemes rely on the achievement of traceability within the global supply chain.
Working together with industry players across the supply chain (biomass production and collection, trading and use), as well as with industry associations, ProDecipher has defined the product concept for an industry-specific traceability platform that considers the following features:
End-to-end traceability for all product flow within a defined geography. All product processing steps are traced through tokenization of the product.
Greenhouse Gas (GHG) emission monitoring, and savings validation
Compliance requirements from leading certification schemes such as ISCC and REDCert