Kia and Hyundai Tune Up with Hedera for AI Carbon Emission Tracking

When it comes to carbon emission tracking, traditional blockchains like Bitcoin or Ethereum may fall short. Enter Hedera Hashgraph, the distributed ledger technology (DLT) that’s captivating the attention of automotive giants such as Kia and Hyundai. Hedera’s revolutionary approach to blockchain transfers data via a directed acyclic graph, setting itself apart from the regular blockchains that validate data according to the previous block.

 

The appeal of this distinctive technology lies in its capability of referencing data from any block throughout the blockchain’s lifespan. This unique feature facilitates the real-time tracking of carbon emissions, a significant advantage for auto manufacturers eager to gather and process data rapidly and efficiently.

 

Hyundai Motors’ Head of Materials Research, Seung Hyun Hong, expressed enthusiasm for the potential of blockchain technology, stating, “Blockchain technology holds the key to a revolutionary approach in managing carbon emissions and combating climate change, ushering in a new era of sustainable supply chains within our cooperative network.”

1/ (@Hyundai Motor Group) @HMGnewsroom has announced the implementation of a Supplier CO2 Emission Monitoring System (SCEMS) – successfully integrated with #Hedera to ensure data integrity and transparency throughout their supply chains. @Kia @GenesisUSAhttps://t.co/4gNXlzolu1 pic.twitter.com/14yZn25EvC

— Hedera (@hedera) August 2, 2023

Hedera: An Emerging Favorite Despite Past Security Breaches

Even after a significant security breach in March that saw bad actors exploit Hedera’s smart contract service for $575,000, Hedera Hashgraph is emerging as a favored choice for commercial and industrial entities. Major corporations have abundant choices for integrating blockchain into their production; however, Hedera’s growing partnership list suggests a promising trajectory.

 

While Polygon (MATIC) maintains its reputation as a secure, globally recognized blockchain service, Hedera offers a fresh perspective. Their unconventional approach enables them to track data from any point on-chain, not just the preceding block, with full Ethereum Virtual Machine (EVM) compatibility.

 

Hyundai and Kia’s CO2 Emission Monitoring System Powered by Hedera

The HBAR Foundation recently announced that Hyundai and Kia have launched an AI-enabled, blockchain-based Supplier CO2 Emission Monitoring System (SCEMS). This system aims to manage the carbon emissions of their business partners by leveraging the highly scalable, energy-efficient Hedera network.

 

The SCEMS computes carbon emissions at every stage of the supply chain, enabling the auto manufacturers to secure reliable data across their supplier’s operations, from procurement of raw materials and manufacturing processes to product transportation. This gives stakeholders and investors unprecedented visibility and confidence in the results, which is critical for combatting climate change effectively.

 

Harnessing Blockchain and AI for Climate Change Mitigation

The collaboration between these automotive titans and Hedera goes beyond merely tracking carbon emissions; it allows for accurate predictions of future carbon emissions. Such foresight is crucial when setting meaningful carbon reduction targets, an integral component of effective climate change mitigation efforts.

 

Hyundai and Kia’s innovative system ultimately aims to address climate change issues proactively by meeting local and global environmental regulations and establishing sustainable supply chains within the companies and with their cooperative partners.

 

Shayne Higdon, Co-founder and CEO of the HBAR Foundation, expressed his organization’s commitment to supporting the development of sustainable solutions that actively address climate change and promote global sustainability practices. The partnership with Hyundai Motors and Kia is a clear testament to this mission, further solidifying Hedera’s position as a key player in the convergence of blockchain technology and environmental sustainability.

 

In summary, the collaboration between Kia, Hyundai, and Hedera to implement an AI-based system for tracking carbon emissions represents a significant advancement in the field of sustainable technology. By harnessing the power of Hedera’s unique blockchain approach, these companies are paving the way for more environmentally-friendly practices within the automotive industry. While challenges remain, such as ensuring robust security measures, the future of blockchain application in climate change mitigation looks promising.