Satva Trust utilizes blockchain and AI/ML technologies to provide accurate, auditable data on ship emissions, enabling maritime companies to demonstrate their decarbonization efforts. This platform allows ship owners to access better financing and insurance options by showcasing their commitment to sustainable practices.
Funding
$40K 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
The maritime industry lacks transparent and reliable data on ship emissions, hindering efforts to accurately assess decarbonization progress and access financial incentives for sustainable practices. Traditional methods rely on self-reported data, which can be inaccurate and difficult to audit, leading to uncertainty for lenders, insurers, and ship owners.
Solution
Satva Trust provides a platform that leverages AI/ML and blockchain to deliver accurate, auditable data on ship emissions and fuel consumption. By integrating noon report data with satellite data, the platform offers insights into vessel performance, independent of self-reporting. This enables maritime companies to demonstrate their decarbonization efforts, access better financing and insurance options, and participate in carbon credit creation programs. The platform's machine learning model predicts vessel fuel use and emissions, supporting marine lenders, insurers, shipowners, and vessel charterers in making informed decisions.
Target Audience
Satva Trust targets marine lenders, marine insurers, ship owners, and vessel charterers seeking accurate and reliable data on ship emissions to support decarbonization efforts and inform financial decisions.
Features
- Proprietary machine learning model for predicting vessel fuel use and emissions
- Integration of noon report data with diverse satellite data for enhanced accuracy
- Blockchain technology to ensure data integrity, auditability, and transparency
- Emissions performance benchmarking against peer groups
- Individual ship emissions performance analysis
- Impact assessment of individual ship performance on lending portfolio carbon intensity
- User-friendly dashboard for accessing near real-time data