Carbon27 develops IoT devices that measure and audit CO2 emissions savings, utilizing blockchain for certification and real-time data tracing. Their technology addresses the high costs and risks associated with carbon emissions auditing and certification, providing automated, transparent, and trustworthy carbon impact tools for businesses.
Funding
$60K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Current carbon emission auditing and certification processes are often costly, complex, and susceptible to fraud, creating barriers for businesses seeking to validate and monetize their carbon reduction efforts. Traditional methods lack transparency and real-time data, hindering effective governance, compliance, and due diligence in carbon markets.
Solution
Carbon27 provides an integrated IoT and blockchain platform for automated carbon emission savings auditing and certification. The system utilizes IoT devices to measure carbon emissions in real-time, combined with AI/ML-powered fraud detection to ensure data integrity. Verified carbon savings are then certified and recorded on a blockchain, providing a transparent and immutable record for businesses. This approach streamlines governance, simplifies compliance, and enables live data tracing, offering a trustworthy solution for quantifying and validating carbon impact. The platform also includes dashboards for tracking the Social Cost of Carbon (SCC) and Internal Carbon Pricing (ICP).
Target Audience
The primary target audience includes businesses involved in carbon insetting, green electricity generation, and those seeking to validate and certify their carbon emission savings.
Features
- IoT sensors for real-time carbon emission measurement
- AI/ML fraud detection algorithms to ensure data accuracy
- Blockchain-based certification for transparent and immutable carbon savings records
- Automated auditing and 1-click due diligence processes
- Dashboards for tracking Social Cost of Carbon (SCC) and Internal Carbon Pricing (ICP)
- Green Finance Instruments to increase the impact of carbon insetting
- Real-time data tracing every 15 minutes