NoviqTech provides the transparent and verified insights needed to support organisations in tracking their progress towards ambitious carbon neutral goals.
Mission
To provide organisations with clear records of their carbon emissions and guarantee of origin to enable global progress towards a net zero future. To achieve this, NoviqTech leverages Hedera’s digital ledger technology to support the accurate, verified data available on their Carbon Central Platform. Additionally, the Guardian and Hedera Token Service are used to produce tokens that represent verifiable emissions units and guarantee of origin certificates.
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.
Enabling efficient, equitable environmental markets
Reduce time to market
The Carbon Central platform enables customers to onboard from the earliest stages of project development, quickly utilising Carbon Central’s dMRV tokenization technology. This streamlines the process, minimising delays as operations move into production.
Accurate, real-time data
Carbon Central integrates directly with customer operations to provide a live feed of carbon-relevant data from various IoT devices and sensors. This integration eliminates data entry errors and ensures a reliable overview of carbon emissions.
Efficient adherence to standards
To measure the impact of decarbonisation efforts and formulate effective reduction strategies, companies need precise and verifiable data. Carbon Central maps collected data against real-world policies and standards, offering a trusted view of carbon intensity. Using the open-source Hedera Guardian, Carbon Central creates energy, emissions and guarantee of origin tokens in compliance with relevant policies and methodologies.
Transparent and open source
Stakeholders throughout the reporting chain, from carbon emitters to auditors and regulators, can leverage the reporting capabilities of Carbon Central to accurately report on overall emissions. NoviqTech has made carbon policies open source carbon policies and continues to develop policies for the community.
Long term vision
Hedera's stable transaction fees and carbon neutral status enable NoviqTech to scale alongside rapidly growing environmental markets.
Case study: Global Resource Recovery
Global Resource Recovery (GRR) is leveraging Carbon Central's digital twin technology to create a detailed, real-time monitoring system for its recycling processes. This includes the use of digital twins for each recycling stage, integrating key data sources, and configuring a batch management system to enhance transparency and traceability.
The Carbon Central platform uses the Hedera Guardian to automate the issuance of digital certificates and tokens on the Hedera network. These verifiable records provide a secure and immutable Guarantee of Origin for each batch of recycled chemicals. The process is aligned with the International Sustainability and Carbon Certification (ISCC) Plus certification scheme to demonstrate reduced environmental impact including carbon footprint reduction, waste reduction, and resource conservation.
By adopting Carbon Central's capabilities, GRR has strengthened its ability to track recycling operations, ensure the authenticity of its recycled products, and deliver reliable Guarantee of Origin to create Sustainability Declaration certificates. This improves operational efficiency and reinforces GRR’s commitment to sustainability, offering greater confidence to its customers and stakeholders.
Case study: Clean Hydrogen Technologies
Clean Hydrogen Technologies (CHT) is partnering with NoviqTech to implement a tracking system that tokenises the Guarantee of Origin for each batch of turquoise hydrogen, produced using methane pyrolysis while capturing solid carbon to create carbon-based products. The system integrates real-time monitoring to capture production data.
The Hedera Guardian is used to align data inputs with the ISCC Plus method. The Guardian facilitates the automated issuance of digital certificates and tokens on the Hedera network, providing secure and immutable records for each batch. This approach ensures that the hydrogen's source and environmental impact are verified in accordance with rigorous sustainability requirements.
The collaboration with NoviqTech enables CHT to offer a reliable Guarantee of Origin, reinforcing the transparency and accountability of its hydrogen production. By tokenizing the production, CHT enhances the credibility of its sustainability claims, supporting global clean energy objectives and advancing the hydrogen economy.
Case study: TROEF
The TROEF consortium partnered with NoviqTech to elevate energy management by integrating the Carbon Central platform. This initiative created a transparent, auditable, and scalable system for real-time monitoring of energy production and consumption, leveraging blockchain to ensure data integrity and trust.
In phase 1 of this project, NoviqTech established a robust system for generating and managing CO2 certificates on the blockchain. Key tools included a CO2 Factor Calculator for measuring carbon footprints and use of the Hedera Guardian to manage tokenisation and creation of digital certificates securely stored on the Hedera network.
In the second phase, NoviqTech enhanced the system by aligning tokenisation with the EnergyTag standard, and integrating with ENTRNCE’s Trader Platform. NoviqTech ensures data integrity and trust, providing a secure and transparent method for transferring ownership within the platform. This integration not only strengthens the reliability of peer-to-peer transactions but also adds a robust layer of security and accountability to the trading process within TROEF.
Through these phases, NoviqTech has boosted TROEF’s transparency and efficiency in energy management, reducing costs and accelerating progress toward the Netherlands' net-zero carbon goals, while setting a model for sustainable energy management.
NoviqTech is proud to work with Hedera's ecosystem partners:
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