Carbon Central, developed by Australian tech firm NoviQTech, is an enterprise-grade software platform designed to help large organizations manage the complexities of carbon accounting and environmental, social, and governance (ESG) reporting. The platform provides a unified, end-to-end solution for companies to measure, analyze, and report on their environmental footprint, particularly their Scope 1, 2, and 3 carbon emissions. It aims to replace disparate spreadsheets and manual data collection methods with a single, auditable system of record.

The platform is built on the Hedera network, leveraging its technology to bring a high level of integrity and trust to the ESG data management process. A key feature of Carbon Central is its use of the Hedera Consensus Service (HCS) to create an immutable and verifiable audit trail. As enterprises input emissions data, supplier information, and other critical ESG metrics into the platform, a cryptographic hash of that data is submitted to the Hedera public ledger. This process provides a tamper-proof timestamp and a transparent, auditable record that can be securely shared with and verified by regulators, investors, and other stakeholders.

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Blockchain for Energy (B4E) is a non-profit, member-led consortium dedicated to driving digital transformation within the energy sector. Comprising major energy companies including Chevron, ExxonMobil, and Repsol, B4E was established to collaboratively develop and implement blockchain-based solutions that can enhance efficiency, reduce costs, and increase transparency across the industry.

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