In an effort to combat climate change the IOTA Foundation has joined with ClimateCHECK, Dell and BioE. These companies plan to work together to create solutions that combat greenwashing using live carbon footprint data.

Guaranteeing Trusted Data.

The IOTA Foundation’s mission is to support the research and development of new distributed ledger technologies, including the IOTA Tangle. The partnership with high-tech behemoth Dell is part of ‘Project Alvarium’, which seeks to solve trust issues relating to data. The plan was first conceptualized by Dell in 2019. It aims to speed up the development of Data Confidence Fabric technology.

“The importance of data transparency is integral to how organizations in every industry move forward. Data trust is necessary to ensure data integrity at every level. Project Alvarium will provide this transparency. The more companies that integrate it into their processes and systems, the closer we’ll come to a future without data ambiguity,” explained Steve Todd, Fellow at Dell Technologies (NYSE:).

With modern industry reliant on automation in decision making, increasing data loads makes it more difficult to determine the accuracy of records. But the creators of ‘Project Alvarium’ claim to have created a measurable way to evaluate the reliability of data in response to this issue.

As each data point travels from an IoT device sensor to an edge or edge router, it logs the steps along the way. Every interaction receives a trust rating score based on industry requirements. These scores are recorded on the IOTA Tangle in order to protect integrity and avoid any possible tampering.

Greenwashing: How to avoid it

Mathew Yarger is the Head of Smart Mobility for the IOTA Foundation. He says that the current workforce does not have the capacity to confirm what incentives carbon credit and exchanges. Many companies report their emissions incorrectly, creating a minimal impact.

“We’ve seen it in energy production facilities, where they’ll say, “Oh, we’ve reduced our emissions output by this much.” But once you can actually go through an audit that process, you figure out those numbers are about 50% off.

This happens pretty commonly in the industry, and it’s been a hard problem to address. But by having a high level of data transparency, you can start to have a compliance-as-a-service mechanism to ensure that what’s being reported is actually factual,” stated Yarger.

Four companies created a digital tool that combines measurement, verification, reporting and reporting to solve the problem. The digital MRV can pick up data from sensors and manual inputs, processing it through Dell PowerEdge servers to ultimately deliver near-real time insights into the carbon footprints of BioE’s sustainable energy and composting facility. Innovative technology has the potential to open up new avenues of transparency.

“Transparency and trust in data are paramount for addressing the global issues of climate change and transitioning to climate action. We’re now able to track and verify data around climate change and how we’re actively trying to address it at a level that’s never been achieved before,” Yarger underlined.

IOTA believes the technology could be applied in many real-world scenarios where trust certification will be required for all actors. This technology could have been used during the pandemic to assess the reliability of the data being collected for vaccine rollsouts. The technology can have made everything easier, including the delivery of vaccines and the tracking of who was receiving them.

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