Blockchain Based Carbon Footprint Verification and Management

Abstract

The goal of the ”Blockchain Based Carbon Footprint Verification and Management” project is to use blockchain technology to manage corporate CO2 emissions data in an open, safe, and unchangeable manner. Data security, verifiability, and reliability are problems with traditional carbon tracking and reporting methods. This project tackles these issues by integrating blockchain technology into carbon footprint management. It does this by making sure that all emissions data—more especially, Scope 1 (direct emissions), Scope 2 (indirect emissions from electricity purchased), and Scope 3 (other indirect emissions throughout the supply chain)—is safely stored and cannot be changed or tampered with after verification. This system removes the need for self-reported data, which is frequently unreliable, by directly collecting and entering verified emissions data. Since each entry is given a distinct cryptographic hash and kept on a blockchain, data is guaranteed to be unchangeable once it is logged. Blockchain technology improves transparency and adds a layer of security, enabling businesses, regulators, and stakeholders to view CO2 emissions records with assurance that they are authentic. Based on their emissions data, the project also uses a machine learning model to give businesses practical insights and suggestions for lowering their carbon footprint. This creative strategy promotes more sustainable practices across industries and corporate accountability.This platform offers a useful framework that can be modified for wider industrial applications by first concentrating on high-emission industries, like the cement sector. The project provides a complete solution to address the pressing need for verified, transparent carbon footprint management in the quest for a greener future by integrating blockchain and IPFS (for decentralized file storage).