Key Points:

• Hyundai and Kia launched AI-based SCEMS to monitor carbon emissions using the Hedera network.
• The system tracks emissions throughout the supply chain, setting reduction targets.
• Blockchain tech ensures sustainability and transparency in reporting.

Hyundai Motor Company and Kia Corporation have taken a significant step toward combating climate change with the launch of their AI-enabled Supplier CO2 Emission Monitoring System (SCEMS).

In collaboration with the HBAR Foundation, they have leveraged the energy-efficient and highly scalable Hedera network to manage carbon emissions from their business partners.

SCEMS is designed to calculate carbon emissions at every stage of the supply chain, providing automakers with reliable data on their suppliers’ business operations, including raw material procurement, manufacturing processes, and product shipments. By ensuring transparency and accuracy in carbon emission reporting, Hyundai and Kia are striving to mitigate the impacts of climate change and meet local and global environmental regulations.

Seung Hyun Hong, Head of Materials Research and Engineering Center at Hyundai Motor and Kia expressed the significance of blockchain technology in revolutionizing carbon emissions management. The adoption of blockchain and AI technology enables the establishment of carbon reduction targets and accurate predictions of future emissions, empowering stakeholders and investors with complete visibility and confidence in the data.

Hyundai Motor and Kia have successfully verified the effectiveness of the Hedera network and integrated it into their Supplier CO2 Emission Monitoring System. This innovative approach allows them to promptly and securely collect emissions data and promote sustainable supply chains within their cooperative network.

The companies’ commitment to sustainable practices and environmental stewardship is a result of their multi-year institutional ESG strategy. With SCEMS in place, Hyundai and Kia’s business partners can also establish their own carbon reduction targets and make informed decisions towards a greener future.

Hyundai Motor Company and Kia Corporation’s launch of the AI-enabled, blockchain-based Supplier CO2 Emission Monitoring System marks a groundbreaking effort towards managing carbon emissions and promoting sustainable practices in the automotive industry. Through their collaborative approach, they are setting a precedent for other companies to follow, contributing to a greener and brighter future for all.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

CO2 Emissions Monitoring System

HBAR foundation

Hedera

Hyundai

Kia

SCEMS

Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

Blockchain

Hyundai And Kia Launch CO2 Emissions Monitoring System Based On Hedera

Key Points:

• Hyundai and Kia launched AI-based SCEMS to monitor carbon emissions using the Hedera network.
• The system tracks emissions throughout the supply chain, setting reduction targets.
• Blockchain tech ensures sustainability and transparency in reporting.

Hyundai Motor Company and Kia Corporation have taken a significant step toward combating climate change with the launch of their AI-enabled Supplier CO2 Emission Monitoring System (SCEMS).

In collaboration with the HBAR Foundation, they have leveraged the energy-efficient and highly scalable Hedera network to manage carbon emissions from their business partners.

SCEMS is designed to calculate carbon emissions at every stage of the supply chain, providing automakers with reliable data on their suppliers’ business operations, including raw material procurement, manufacturing processes, and product shipments. By ensuring transparency and accuracy in carbon emission reporting, Hyundai and Kia are striving to mitigate the impacts of climate change and meet local and global environmental regulations.

Seung Hyun Hong, Head of Materials Research and Engineering Center at Hyundai Motor and Kia expressed the significance of blockchain technology in revolutionizing carbon emissions management. The adoption of blockchain and AI technology enables the establishment of carbon reduction targets and accurate predictions of future emissions, empowering stakeholders and investors with complete visibility and confidence in the data.

Hyundai Motor and Kia have successfully verified the effectiveness of the Hedera network and integrated it into their Supplier CO2 Emission Monitoring System. This innovative approach allows them to promptly and securely collect emissions data and promote sustainable supply chains within their cooperative network.

The companies’ commitment to sustainable practices and environmental stewardship is a result of their multi-year institutional ESG strategy. With SCEMS in place, Hyundai and Kia’s business partners can also establish their own carbon reduction targets and make informed decisions towards a greener future.

Hyundai Motor Company and Kia Corporation’s launch of the AI-enabled, blockchain-based Supplier CO2 Emission Monitoring System marks a groundbreaking effort towards managing carbon emissions and promoting sustainable practices in the automotive industry. Through their collaborative approach, they are setting a precedent for other companies to follow, contributing to a greener and brighter future for all.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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