BlockApps, an enterprise blockchain platform provider, has launched its newest offering, the net zero TraceCarbon blockchain enterprise network. TraceCarbon provides sustainability traceability for the CO2e ecosystem, enabling compliance and transparency in processes like corporate reporting and product lifecycle analysis, as well as improved project effectiveness. The network is built on BlockApps’ STRATO technology, with applications running in production for several years.

“BlockApps’ TraceCarbon ecosystem has met the moment,” says Dr. Jonathan Hollander, product manager of CarbonSig. “Companies have awoken to their need for carbon accounting and transparent reporting — whether spurred by regulatory compliance or voluntary goal setting. CarbonSig allows for product level recording of emissions resulting from business activities and assigns them to goods and services. With this data available on TraceCarbon, the value offering is amplified by its connected services.”

“Until now, companies have been unable to provide accurate information on their sustainability efforts. In fact, to avoid over-reporting, they reduced emission reduction estimates by as much as 50%, resulting in missed opportunities and unnecessary expenditures,” said Kieren James-Lubin, president and CEO of BlockApps. “TraceCarbon gives companies real-time insight into their sustainability goals and enables cost savings not just in compliance, but the identification of new revenue streams with better access to data. To make these benefits as accessible and meaningful as possible, we prioritized ensuring that onboarding was low-barrier and making TraceCarbon a net zero solution.”

About BlockApps

BlockApps is a provider of blockchain technology for business networks. Its platform BlockApps STRATO powers industry networks in energy, finance, agriculture, live events, travel and more. Founded in 2015, BlockApps has created several industry innovations including the launch of Blockchain as a Service with Microsoft, founding the Enterprise Ethereum Alliance (an open standard blockchain organization) and partnering with all major cloud platforms (Azure, Amazon Web Services, Google Cloud Platform).