Carbon Tracking Project Goes Live on Hedera as HBAR Commits $100 Million Sustainable Push

Published on: 30 March 2022 11:35 AM
by KnowESG

Hashgraph consensus ledger Hedera has introduced a "token visualisation tool" to estimate, report and verify projects and their impacts on environmental, social, and governance activities.

According to a press release, the initiative allows Hedera-based tokens to preserve a connected relationship to the roles, actors, and data generated by ecological projects that follow a science-backed approach.

The tool helps communicate transparently with stakeholders such as governments and non-governmental organisations (NGOs).

Wes Geisenberger, vice president of ESG at the HBAR Foundation, said: "It's a combination of work to identify actors and how they fit within ESG processes and mapping them to these processes."

Meeco CEO Katryna Dow said, " the tool comes with privacy by design". Depending on whether a user is an auditor or just attempting to make a judgement about a product or service, several levels of access and visibility are available. From a security point of view, you might not want all of the information about that address or location revealed.