This startup offers a web3 platform for tracking, tracing, trading, auditing, and retiring hydrogen energy tax credits using immutable technology to prevent fraud. By providing vetted and verified digital audits, the platform enhances the integrity and value of these credits in the market.
Funding
Funding not disclosed
Founders
Product
Problem
The hydrogen energy tax credit market lacks transparency and is susceptible to fraud due to the difficulty in tracking, tracing, and verifying hydrogen production data. This lack of trust and verification can reduce the value and integrity of these credits, hindering investment in clean hydrogen production.
Solution
H2onchain provides a blockchain-based platform for tracking, tracing, trading, and auditing hydrogen energy tax credits. The platform connects buyers and sellers, enabling verification of hydrogen production details, including purity, through certified H2 energy auditors. By creating an immutable chain of custody and providing vetted digital audits, H2onchain enhances the value and integrity of hydrogen tax credits, fostering confidence in the market. The platform's API allows continuous updates of verified H2 production data, facilitating the sale or pre-sale of H2 tax credits based on the type of hydrogen produced.
Target Audience
The primary users are buyers and sellers of hydrogen tax credits, including hydrogen producers and companies seeking to offset their carbon footprint through the purchase of verified credits.
Features
- Blockchain-based tracking and tracing of hydrogen production data.
- Verification of H2 purity and production details by certified auditors.
- API for continuous, hourly updates of verified H2 production data.
- Marketplace connecting buyers and sellers of hydrogen tax credits.
- Immutable chain of custody for enhanced credit integrity.
- Digital audits to prevent fraud and ensure transparency.