Meeco provides intuitive tools that enterprise customers (including financial service providers, technology companies and sustainability project consulting firms) can incorporate into existing systems to manage digital environmental assets. This makes it easier for users to onboard new project partners and audit their activity.
Mission
Enable partners to make accurate, impactful and measurable contributions towards global net-zero targets. To achieve this mission, Meeco has worked with Hedera Guardian since its inception to provide open-source tools and contributions to make this DLT native tooling as simple as possible.
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.
De-risking carbon markets
The current carbon market is complex and opaque, leading to issues associated with carbon credit quality and understanding of assets' environmental integrity. Meeco's financial services customers are interested in sustainability and are looking for ways to benefit their corporate customers from voluntary carbon markets. The integration of Meeco services in Guardian offers those customers several benefits, such as:
Transparent, auditable assets
Meeco’s wallet enables users within the Guardian workflow to onboard projects into the Guardian and provides greater visibility of carbon project data, enabling the transparent audit of climate impact to the specific users. Over time, this will enable confidence in the voluntary carbon market to grow.
Accessible interface
Meeco allows organizations to login to the Guardian to selectively disclose information on carbon projects, keep a private digital record of associated data, and share auditable information with third parties, such as auditors. These tools enable both transparency and commercial sensitivity with respect to project audits and ESG reporting.
Aligned ecosystem
Meeco’s open-source tools enable organizations to get up and running efficiently with the support of a growing ecosystem of peers utilizing and improving these processes.
Trusted innovation partner
The enterprises working with Meeco are interested in decentralized technology but can be hesitant to use DLTs without a solid foundation and a clear governance model Hedera’s Governing Council of major organizations provides the validation and clout needed to engage. Meeco is also engaging in an audit of the Meeco Wallet to support users and give confidence to the market.
Case study
Meeco has contributed tooling to the open source Guardian that enables parties to selectively disclose information about their carbon projects.
Selective Disclosure enables large enterprises using Hedera Guardian to easily onboard partners and selectively disclose sustainability project information to their ecosystem partners. Meeco will simplify this process by providing a blockchain wallet, verifiable credentials and Hedera token management.
This service increases trust in carbon markets and thus enables the achievement of net zero targets by making data transparent to auditors, making the process of verification and validation more efficient.
Meeco is proud to work with Hedera's ecosystem of partners:
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