Gossip About Gossip: Building Sustainable Carbon Credit Workflows on Hedera

The success of blockchain relies on digital information and transactions that are trustworthy. KrypC is a global technology solutions company that delivers secure, enterprise-grade blockchain solutions to private and public sectors. Gossip About Gossip’s Zenobia Godschalk spoke with KrypC CEO & Founder Ravi Jagannathan about his company’s recent sustainability platform, CarbonCore.

Do innovations, progress, and evolving technology go hand-in-hand with sustainability? Not always. Companies and organizations recognize the need to meet sustainability goals, but the challenge, sometimes, is how best to reach those goals. Offsetting these carbon emissions is a must. And there are carbon credit programs available to help companies meet their sustainability goals.

“Our program is primarily to make sure all these sustainability programs are reasonably recognized for the value that they are generating,” Jagannathan said. Until now, the technology to ensure trustworthiness in such carbon credit programs was unavailable. Through blockchain technology, KrypC created its CarbonCore platform to solve this challenge.

“In this platform, when the data comes in, that becomes trustworthy data,” Jagannathan said. “When the data and information are trustworthy, then the underlying asset that you’re going to pull will become highly trustworthy and get the value it deserves.”

To scale their platform with the correct cost and energy efficiency, KrypC turned to Hedera. “The reason why we wanted to have an energy-efficient protocol is that if the underlying protocol is not energy efficient, if you try to build a workflow on top of that to bring any sustainability benefits, say carbon credits if our platform consumes too much energy then the credit would be offset within our platform, which should not be the case,” Jagannathan said. “That’s why we went with a Hedera protocol.”

It is essential to capture these carbon credits in a workflow where the tokenized credits represent the actual value of the carbon credit. This process ensures stakeholders the credit is authentic, time-stamped, and sourced correctly.

Follow us on social media for the latest updates in B2B!


clean energy wind turbines
Clean Energy Sets $1.1 Trillion Record That’s Bound to Be Broken
January 26, 2023

(Bloomberg) — Last year was a double milestone for decarbonizing the world’s energy system. It was the first year when investment in the energy transition equaled global investment in fossil fuels, according to the latest data release from clean energy research group BloombergNEF. The money flowing into the upstream, midstream and downstream segments of oil and gas, and […]

Read More
American Airlines airplane in terminal
American Airlines Sees Profit Above Estimates on Steady Demand
January 26, 2023

(Bloomberg) — American Airlines Group Inc. expects profit this year to exceed estimates following a slow start, as steady demand for air travel keeps an industry recovery going into 2023. Full-year adjusted earnings will be $2.50 to $3.50 a share, the Fort Worth, Texas-based carrier said in a statement Thursday that also detailed fourth-quarter results. […]

Read More
Chipotle workers making burrito
Chipotle Seeks to Hire 15,000 Workers Amid Tech Layoffs
January 26, 2023

(Bloomberg) — Chipotle Mexican Grill Inc. is adding 15,000 jobs across its North American locations — a sign that demand for restaurant food is robust despite high inflation and economic uncertainty. The burrito chain’s hiring push is meant to ensure its more than 3,000 US restaurants are fully staffed for the company’s busiest season, which […]

Read More