IOTA and ClimateCHECK launch new DigitalMRV solution and strategic partnership

This article was first published on IOTA - Medium

Co-Creating Impact

At IOTA, we believe in the positive impact of IoT technologies on our economic system and day-to-day lives alike. However, it is often hard to pin-point how these technologies provide value today by helping to solve challenges we have right here, right now. Following nearly two years of collaboration, the IOTA Foundation and ClimateCHECK, a leading international provider of climate and cleantech services and solutions, are excited to announce a strategic partnership to expand our collaboration to create innovative technologies for climate change, clean technologies and sustainability that foster an open ecosystem around sustainable DLT protocols. We are also excited to share the first results of our joint ambition to create the DigitalMRVTM solution that streamlines and digitizes a process known as Measurement, Reporting and Verification, in short MRV.

The IOTA Foundation and ClimateCHECK have been collaborating through various initiatives such as the Climate Chain Coalition or INATBA based on their joint vision of democratizing access to climate technologies and building multi-stakeholder ecosystems pursuant to open and transparent processes for environmental accounting. As an important measure to mobilize the global community in the fight against climate change, carbon credits and certification is one of the most important market instruments to incentivize investments in clean, sustainable activities. Today, the need for high assurance in this system involves costly, time-consuming certification processes. Especially in developing economies, this certification process often restricts the positive incentives of being able to qualify carbon reductions as actual carbon credits due to the prohibitive cost.

Tom Baumann, CEO of ClimateCHECK commented on the initiative: “We have been working on climate change issues since 1998 in various roles and with a focus since 2009 on integrating digital solutions into measurement, reporting and verification (MRV) systems. Digital innovations are rapidly advancing and becoming more important for ...

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