Noviqtech is technology firm focused on carbon accounting and supply chain transparency. The company's product offerings include “Carbon Central” and “Noviq AI.” Carbon Central is focused on managing and centralizing carbon-related data and accounting processes for businesses. Similarly, Noviq AI offers exceptional end-to-end transparency and confirmation of product authenticity and processes throughout the entire value chain through the use of artificial intelligence within the firm's service portfolio, thus enhancing data processing, analytics, and decision-making capabilities for core services.
Its platform relies on three key service pillars. The first pillar, “guarantee of origin,” seeks to prove the origin of green resource production in order to highlight sustainability by tracking and tokenizing green hydrogen, sustainable aviation fuel, biodiesel, biochar, and related assets while aligning with industry standards and methodologies. The second, “carbon reporting,” allows users to measure, manage, and tokenise project assets and to effortlessly report and track carbon reduction and avoidance. This allows users unlock revenue opportunities through carbon tokenisation. The third pillar, “supply chain traceability,” allows users to track products throughout their lifecycle, ensuring authenticity and building client trust by highlighting supply chain transparency and demonstrating sustainable and ethical practices.
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The Hyperledger Fabric plugin for Hedera Consensus Service (HCS) enables Hyperledger Fabric networks to utilize the Hedera public network for transaction ordering. This plugin allows developers to replace or augment traditional Fabric ordering services such as Raft or Kafka with HCS, leveraging Hedera's asynchronous Byzantine Fault Tolerant (aBFT) consensus mechanism.
The core function of the plugin is to have Fabric orderer nodes submit endorsed transactions to a designated topic on the Hedera Consensus Service. HCS then assigns these transactions a unique, immutable, and verifiable consensus timestamp and sequence. Fabric orderers subscribe to this topic via a Hedera mirror node, retrieve the ordered transactions, and use this sequence to consistently form blocks and propagate them within the private Fabric network.
By integrating HCS, Hyperledger Fabric applications gain several benefits including enhanced trust and decentralization in the ordering process, public verifiability of transaction sequences for increased auditability, and potentially reduced operational complexity compared to managing a traditional private ordering service.
SCB TechX is a subsidiary of SCBX Group, the parent company of Thailand’s first bank, the Siam Commercial Bank (SCB). Its focus is on the development of digital technology solutions, applications, and platform-as-a-service offerings.
The company provides a range of services, including technology consulting, integrated solution development, and technology infrastructure and digital platforms management. With key applications and services including data analytics and AI solutions such as its TechX Data Platform for enterprises.
SCB TechX also specializes in cybersecurity, digital identity verification know your customer services (eKYC), and the development of enterprise-level apps and mobile banking solutions.
The firm leverages blockchain technology for cross-border payment initiatives and central bank digital currency (CBDC) research and the exploration of stablecoin use cases for cross-border remittances using Distributed Ledger Technology (DLT) on the Hedera network in order to streamline international remittances, reduce costs, and provide massive improvements to transparency and settlement speed compared to traditional finance (TradFI) methods.
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