KrypC is using new-age technology to gather quality digital monitoring data as close to the source as possible to provide clean and quality data on various sustainability projects.
Mission
To build a sustainable and responsible project ecosystem devoid of any deceptive reporting, using the immutability and public verifiability of a decentralized system to drive scalability. This will help prevent greenwashing and ensure responsible reporting is made available to all stakeholders. To achieve this, KrypC leverages the Hedera Guardian to provide public verifiability of project data, leading to the generation of high-quality carbon tokens. The Guardian Policy Workflow Engine speeds up the development of this process, while the Hedera ecosystem of partners provides a growing number of services and insights.
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.
Scaling high-integrity sustainability markets
Transparent value chains
KrypC brings together different service providers- such as carbon financers, offsetters, Verification and Validation agencies and project developers, to build an all-inclusive ecosystem that addresses scalability issues.
Greater accessibility
A more open, accessible ecosystem encourages smaller organizations to participate via easier adoption of reliable reporting and cost-effective adherence to sustainable development goals. By developing custom sustainability solutions for each customer, KrypC additionally keeps initial development as well as regular operational costs low through the use of the latest technology and automated systems.
Increased market integrity
By making all the relevant data about a project and the credits it generates easily accessible and public verifiability, KrypC reduces incidents of double counting, greenwashing, wrong reporting and other similar practices.
Open source for scalable growth
All of KrypC’s sustainability project methodologies are open-sourced by default. Digitization then enables users to receive, store and report data for a particular project using IoT, Guardian and other applications.
Case study: Carbonmasters biomethane project
KrypC is currently working on a bio-methane project, which reduces greenhouse gas emissions by generating methane through the anaerobic digestion of municipal wet waste.
The goal of the project is to assist the project developer in streamlining their route to market using digital ledger technology. This includes using KrypC to register the project, have it validated, collect data on methane production and distribution process and other relevant data through systems, have the monitoring data verified, have resulting carbon credits issued by the registry and generate carbon tokens linked to the project data for the period.
This first of its kind within the country decentralized project will ultimately improve the execution speed and engage multiple other Hedera ecosystem services to develop carbon forwards, spot exchanges and appropriate open-sourced policies.
KrypC is proud to work with Hedera's ecosystem of partners:
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