The Iota Foundation has partnered with Dell Technologies to introduce a data-driven solution that will facilitate real-time tracking of carbon footprints.
Due to ongoing concerns about an increasing carbon footprint, the Iota Foundation, a non-profit distributed ledger technology ecosystem provider, in partnership with Dell Technologies, is currently developing a form of integrated digital metering that will also serve as verification tool (MRV).
Iota and Dell Technologies will also be joined by ClimateCHECK and BioE.
These two institutions will work together to accurately track carbon footprints and will also help educate organizations and individuals on the different ways to limit carbon footprints and the seriousness of the impact of increased carbon footprints.
The Dell Technologies Solutions Team announced that these two companies built the solutions based on internal Dell Data Confidence Fabric (DCF) and Project Alvarium initiatives.
Facing climate change like never before
The team tasked with better addressing climate issues was confirmed by a Tweet from Dell Technologies.
Through this partnership, Dell has ensured that its customers benefit from better digital information that will ultimately benefit the company.
It’s a smart move for Dell Technologies to partner with Iota.
The CryptoNeur Foundation (CNF) report last month mentioned that the foundation is one of the most energy-efficient networks in the world.
Iota reportedly only consumed 0.000009% of the Bitcoin network, which is considered quite low compared to other tokens.
The Foundation looks forward to upcoming enhancements that will help Iota upgrade its distributed ledger technology.
This update will provide an advanced access control algorithm that will not include the proof-of-work mechanism. The update will help the Iota Foundation get closer to its promise to be more energy efficient.
Suggested Reading | Rhode Island Offers Crypto Rewards for Low-Carbon Home Builders
The Alvarium project is set to expand Dell’s internal Data Confidence Fabric by providing layered trust insertion through a system-based approach. The Iota Foundation has worked with Project Alvarium since its inception in 2019.
This Alvarium project provides a real-time carbon footprint that is tracked through a trusted fabric of data. Mathew Yarger, Sustainability Manager at the Iota Foundation, said:
Transparency and trust in data are critical to solving global climate change problems and taking climate action. We can now track and fact-check climate change and how we are actively trying to address it on a level never before possible.
The MRV tool, together with the Alvarium project, will be able to collect data through sensors and manual inputs and process it with Dell PowerEdge servers that will ultimately be able to provide near real-time information on sustainable energy from BioE and carbon from composting. installations. footprints
Related Reading | BitMEX becomes one of the first crypto exchanges to go carbon neutral
Iota was priced at $0.36 on the 1-day chart | Source: IOTAUSD on TradingView
- Click to share on Twitter (Opens in a new window)
- Click to share on Facebook (Opens in a new window)
- Click to share on LinkedIn (Opens in a new window)
- Click to share on WhatsApp (Opens in a new window)