CCRI – Assessing Electricity and CO₂ Emissions of Blockchain Networks CCRI provides transparent assessments of electricity consumption and CO₂ emissions of blockchain networks. By offering reliable sustainability metrics, CCRI makes it easier for network operators, investors, developers and service providers to understand, report and reduce the environmental impact of blockchain technologies.
Mission
Carbon Project Integrity
The Guardian Ecosystem enables ALLCOT to create a standardized project development framework that fosters trust, transparency and compatibility across all project stakeholders. This ensures the creation of high-integrity projects while maximizing benefits for local communities.
The Guardian Ecosystem facilitates the fulfillment of methodology standards, validation body requirements, project developer needs, and community expectations, thereby enhancing the overall efficiency and transparency of the project
ALLCOT stakeholders benefit from access to accurate and comprehensive information on Hedera Guardian’s public ledger, leveraging a common set of rules and standards, fostering trust and accountability.
Transparently demonstrating how project resources are allocated on the public ledger enables ALLCOT’s stakeholders to comprehend the full scope of a project's efforts, flow of funds, and impact.
By recording the transaction cost at every stage of a project's progress, resulting carbon credits can be priced to maximize revenue distribution back to the local community.
By utilizing Hedera Guardian’s digital ledger, ALLCOT is able to minimize accounting errors, make auditing more open and efficient, and enable a more equitable emergence of verification and validation partners.
The Hedera Guardian Ecosystem establishes a secure chain of data custody, particularly in the case of drone-captured information for origination purposes. This enables ALLCOT to ensure that all project data remains intact, trustworthy and accurately tethered to each project attribute.
By ensuring that data provided aligns with the necessary frameworks, the Guardian helps meet specific industry needs and standards, while ensuring compliance with multiple reporting requirements.
ALLCOT is focused on creating products that surpass the limitations of conventional methods, shifting towards more advanced and efficient approaches to future sustainability markets.
The Guardian serves as a single source of truth, ensuring that policies and rules are standardized and compatible with other sustainability market actors. This enables ALLCOT to align financing through carbon forwards and the structuring of green bonds seamlessly across various entities within the ecosystem
The adoption of a common taxonomy within Guardian enables ALLCOT to establish a standardized language for discussing and addressing various sustainability issues. This fosters better communication and alignment for more effective and cohesive climate action.
By leveraging the flexibility and adaptability of Guardian, ALLCOT has the ability to provide various pathways for different stakeholders as the sustainability market evolves.
The Hedera Guardian Ecosystem operates as a common good, providing services to the entire ecosystem without an extractive fee-based model.
ALLCOT leverages the Hedera Guardian Ecosystem to build on and integrate various services and initiatives already established by other community members. This creates an aligned, streamlined ecosystem of sustainability market actors that avoids duplication to serve the needs of communities, investors, and project developers.
Mission
Increase transparency and accountability in blockchain networks by providing clear, standardized sustainability metrics. CCRI leverages the Hedera Guardian Ecosystem to integrate its methodology and enable other networks to calculate, track, and report their environmental impact.
Guardian-Integrated Calculations
By integrating CCRI’s methodology into the Hedera Guardian, sustainability assessments occur directly within the ecosystem:
- Automated Data Analysis: CCRI uses Guardian-integrated tools to process network metrics and calculate sustainability indicators.
- Standardized Methodology: The Guardian ensures that all calculations follow a consistent, transparent, and auditable framework.
- Ongoing Guidance: CCRI provides documentation and support to help networks understand their sustainability performance and adopt improvements.
Minting Based on Sustainability Metrics
CCRI enables networks to incorporate sustainability metrics into token minting processes:
- Sustainability-Linked Token Issuance: Metrics generated by CCRI can serve as a basis for issuing carbon emission tokens (CET), which later can be retired or allocated to individual actors such as users or tokens launched on the respective blockchain.
- Enhanced Investor Confidence: By linking token issuance to verified sustainability metrics, networks provide greater transparency and accountability for stakeholders.
- Ecosystem Collaboration: Integration with the Guardian allows seamless interaction with auditors, developers, and marketplaces, ensuring tokens are backed by verified environmental data.
Clear Responsibilities
CCRI establishes a transparent division of responsibilities within the Guardian Ecosystem:
- Network Foundations publish network performance metrics, such as network node counts and transaction throughput.
- CCRI calculates sustainability metrics based on these data points, including electricity consumption and CO₂ emissions indicators.
This division ensures clarity, accountability, and reliability for all stakeholders.
CCRI Will Continue Its Work with the Hedera Guardian Ecosystem
CCRI leverages the Hedera Guardian to enhance transparency, trust, and efficiency in blockchain sustainability reporting:
- Transparent Value Chains: Provides stakeholders with accurate, auditable data on electricity consumption and CO₂ emissions.
- Open-Source Innovation: Contributes methodologies and tools to the Guardian, promoting standardized sustainability practices.
- Seamless Integration: Enables networks to easily adopt CCRI’s sustainability calculations through the Guardian ecosystem.
- Cost-Effective Automation: Low-code tools and automation reduce infrastructure and operational costs.
- Climate-Conscious Technology: Advances a sustainable blockchain ecosystem through Hedera’s low-impact infrastructure.
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