Finboot provides blockchain-based solutions for green supply chain management, enabling manufacturing companies to automate sustainability credit bookkeeping and track greenhouse gas emissions throughout their supply chains. Their technology enhances compliance with regulatory standards and improves transparency, ultimately supporting businesses in achieving their sustainability goals.
Funding
$7M 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
Many manufacturing companies struggle to accurately track and manage sustainability credits and greenhouse gas emissions across their supply chains, hindering their ability to comply with evolving environmental regulations and achieve sustainability goals. Existing methods often lack transparency and automation, leading to inefficiencies and increased audit costs.
Solution
Finboot offers a blockchain-based platform, MARCO, designed to automate sustainability credit bookkeeping and provide transparent tracking of greenhouse gas (GHG) emissions throughout complex supply chains. The platform enables businesses to gather, verify, and share information on their GHG emissions linked to specific products, with a focus on scope 3 emissions. By integrating with existing ERP, procurement, and financial systems, Finboot streamlines compliance with voluntary and regulatory schemes, such as Sustainability Declarations for Mass Balance certifications, and facilitates secure collaboration across the value chain. The platform also supports the creation and sharing of Digital Product Passports (DPP) to enhance brand value by showcasing sustainability efforts to consumers.
Target Audience
Finboot primarily targets manufacturing companies in capital-intensive industries, including oil & gas, chemicals, steel, and aviation, seeking to enhance the traceability of low-carbon and sustainable energy products, renewable and circular chemicals, recycled and low-carbon steel, and sustainable aviation fuels.
Features
- Automated bookkeeping for sustainability credits, compatible with Mass Balance and Book & Claim approaches
- GHG emission tracking, with a focus on scope 3 emissions, enabling transparent monitoring of CO2 emissions at each stage of the supply chain
- Digital Product Passports (DPP) creation and sharing for enriched supply chain data and insights
- Supplier and customer portals to foster supply chain collaboration and enhance data quality
- Scheme regulation for creating and managing certification documents for voluntary and regulatory schemes
- Interoperability with legacy systems, including ERPs, procurement, and financial systems, as well as emerging technologies like IoT, RFID, and NFC
- Multilingual support for global deployments