CPChain

Blockchain Standard Accelerates Decarbonization, Circular Economy, and Track and Trace

Retrieved on: 
Tuesday, October 26, 2021

MOBI and its members released the Trusted Trip Standard today for track and trace applications that unlock almost every decentralized use case imaginable for on-demand, personalized, usage-based mobility, including carbon tracking and pollution taxing.

Key Points: 
  • MOBI and its members released the Trusted Trip Standard today for track and trace applications that unlock almost every decentralized use case imaginable for on-demand, personalized, usage-based mobility, including carbon tracking and pollution taxing.
  • "Organizations are making bold commitments for a net zero carbon future and will need to adopt blockchain solutions to deliver on their promises.
  • Blockchain's consensus mechanism and immutability are required for track and trace from material, supply chain, through production, first-life and second-life use, recycling, and end of life.
  • "With blockchain and the MOBI Trusted Trip standard, a roaming entity's digital proofs can be verified by other entities.

Blockchain Standard Accelerates Decarbonization, Circular Economy, and Track and Trace

Retrieved on: 
Tuesday, October 26, 2021

LOS ANGELES, Oct. 26, 2021 /PRNewswire/ -- Transportation GHG emissions account for nearly a third of global emissions. They are also expected to grow at a faster rate than any other sector, posing a major challenge in moving towards a low carbon economy. Blockchain has been highlighted as one of the emerging technologies to lessen carbon-intensive practices by organizations such as the United Nations, the European Commission, and the World Economic Forum. MOBI and its members released the Trusted Trip Standard today for track and trace applications that unlock almost every decentralized use case imaginable for on-demand, personalized, usage-based mobility, including carbon tracking and pollution taxing. The standard aims to make transportation more sustainable, equitable, and accessible.

Key Points: 
  • MOBI and its members released the Trusted Trip Standard today for track and trace applications that unlock almost every decentralized use case imaginable for on-demand, personalized, usage-based mobility, including carbon tracking and pollution taxing.
  • "Organizations are making bold commitments for a net zero carbon future and will need to adopt blockchain solutions to deliver on their promises.
  • Blockchain's consensus mechanism and immutability are required for track and trace from material, supply chain, through production, first-life and second-life use, recycling, and end of life.
  • "With blockchain and the MOBI Trusted Trip standard, a roaming entity's digital proofs can be verified by other entities.