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DOVU tackles the complexity of issuing digital ecological assets by transforming intricate processes into user-friendly experiences. This removes current barriers to make environmental stewardship and new, sustainable revenue streams accessible to all.
Mission
To craft tools that are as intuitive and straightforward as possible, providing simplified onboarding of global ecological credits, for anyone. To achieve this mission, DOVU is building an operating system on top of the Guardian to make it as accessible to as many people as possible. Guardian serves as the foundational layer to enable the minting of credits. This enables DOVU to develop and deploy advanced tooling and optimized processes, to streamline the creation, registration, and issuance of ecological projects.
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.
Bringing efficiency and scale to sustainability markets
The services provided by Hedera are utilized to create a foundation for DOVU’s sustainability initiatives, serving as the backbone of their platform. By using Hedera’s efficient and scalable DLT, DOVU assures the integrity and traceability of green credits via Guardian, ensuring that projects align with global sustainability objectives.
Transparent, auditable assets
DOVU tracks the lifecycle of ecological credits from origination to retirement. By leveraging Hedera, DOVU ensures that every transaction and transfer is recorded on a secure and immutable public ledger. DOVU reduces the cost and time-to-market for enterprises and project developers through a suite of managed services for any climate activity in a simple and frictionless manner. Project developers can set the price on their assets with transparent fees and have a range of tools to incentivise sale of credits, enabling an open climate finance structure in the Dovu Marketplace. This supports the emergence of accountable, digitized ecological markets.
Open-source, digital methodologies
DOVU has created a “generic MRV standard”, in line with IWA standards, and flexible enough for any kind of ecological project. This allows any kind of claim with any inbuilt MRV process without the requirement of rewriting or adjusting policies after deployment. This template allows DOVU to rapidly digitize any methodology into it without spending hundreds of hours, creating bespoke policies every step of the way. DOVU is able to talk directly with customers, and within minutes to an hour, produce testnet credits that would currently take weeks or months, leveraging their automated tools.
Reducing market barriers to scale
DOVU leverages a bespoke AI wizard that enables them to on-board any project supplier to any methodology that exists, this closes the first mile for project developers, as they don't need to understand anything to do with carbon or ecological credits.
A project developer can use DOVU’s tools to automatically generate a robust document outlining the project states, using language suitable to send to any external stakeholders (such as a registry).
Democratizing verification and validation
DOVU scales project verification and validation processes by sharing accurate, standardized, accessible project data with third party auditors, even at the level of small scale farms. This enhances efficiency and reduces the administrative overhead typically associated with managing sustainability assets, thus facilitating a more accessible and democratized system for environmental projects of all sizes.
Built for the long term
Hedera's strong governance model and commitment to legal compliance give DOVU the stability and reliability needed to operate confidently. This allows DOVU to focus on its core mission of digitisation and simplification of carbon and green credits.
Tokenomic Design for sustainability
DOVU is developing tokenomic economy design, rewarding stakeholders for the generation of high-quality credits within their internal economy. Fees for these platform credits will be paid in $DOVU and Valley P, offering returns to participants who are aligned with the DOVU platform requirements of generating high quality credits.
Case study: Accelerating India's Eco-friendly Car Recycling Initiative
DOVU is at the forefront of revolutionizing India’s approach to vehicle recycling by joining forces with Meta Materials Circular Markets (MMCM). This initiative directly addresses the pressing issue of vehicle end-of-life, where out of the 20 million vehicles due for scrapping in India, a mere fraction are processed through formal channels.
The heart of the solution lies in leveraging the Indian government's incentives to retire old vehicles for carbon avoidance. By creating a digital ecosystem on a global scale, MMCM aims to orchestrate a seamless vehicle recycling process.This initiative not only supports vehicle owners and industry stakeholders but also promotes a cleaner environment through the insetting of sustainability practices within India's automotive sector. This will ultimately advance India's commitment to net-zero emissions.
DOVU’s role is to mint sustainability credits and manage a transparent registry that will track these credits from their creation to their final retirement. By utilizing DOVU's platform on the Hedera network, the project ensures a reliable and efficient tracking of sustainability credits, fostering trust and transparency within the network.
Moreover, the integration with Guardian further streamlines the validation and verification processes, enabling a seamless flow of credible information. This robust approach not only facilitates the scaling of green credits but also ensures that the credits are anchored in real-world ecological benefits, thus solving a pressing problem in the sustainability domain.
This project amplifies the broader sustainability market by providing a scalable model for the retirement and recycling of vehicles in compliance with government incentives. The digitization of sustainability credits creates a precedent for transparency and accountability, while fostering innovation in the recycling sector. It lays down a replicable framework that can be adapted globally, thus accelerating the transition to a circular economy.
DOVU is proud to work with Guardian's ecosystem of partners:
