All news is rigorously fact-checked and reviewed by leading blockchain experts and seasoned industry insiders.
- With Project Alvarium, Dell Technologies and IOTA are able to accurately verify data around climate change and carbon footprint.
- Using the power of blockchain Project Alvarium provides smart monitoring along with best-in-class levels of trust, confidence, and transparency.
The IOTA Foundation has been part of several initiatives concerning climate change that involves the use of blockchain technology. Together with its biggest partner Dell Technologies, IOTA has been working on project Alvarium which seeks to bring transparency and real-time tracking of carbon footprint.
Project Alvarium is an open-source project focused on enabling trust and data for applications. It seeks to provide a really high-quality transparency in accurately tracking the carbon footprints with Dell’s Edge solutions. Dell Technologies noted that with this project, they are able to track and verify data for climate change while actively working to address it.
Happy #EarthDay! 🌎
Thanks to #ProjectAlvarium, we're now able to track and verify #data around climate change and are actively working to address it.
Watch this video to learn how #EdgeSolutions helps reduce carbon emissions and more 📺 https://t.co/DWbxT73kQ1 #IOTA pic.twitter.com/uqCXb3QkbS
— Dell Edge & Telecom (@Dell_Edge) April 22, 2023
One of the biggest challenges of the climate industry currently is greenwashing i.e. incorrect reporting and reimbursements issued. Project Alvarium provides a scalable and open solution where all stakeholders such as organizations, individuals, and regulators can agree upon in a transparent manner.
Leveraging the power of blockchain
Project Alvarium takes data from sensors and other manual inputs and processes it using the Dell PowerEdge servers. This way, it can deliver real-time insights into the carbon footprint thereby creating a positive impact on carbon emission reductions.
Thus, this level of transparency and immutable data will lower the output and the barrier to carbon credit issuance. Using the power of blockchain Project Alvarium provides smart monitoring along with best-in-class levels of trust, confidence, and transparency. Speaking on the development, Steve Todd, Fellow at Dell Technologies noted:
Data confidence is needed to manage data at scale, creating systems of trust in this data so users at all levels understand the terms of use. Project Alvarium will create this transparency, and the more companies that integrate it into their processes and systems, the closer we’ll come to a future without data ambiguity.
Dell Technologies initially introduced the Data Confidence Fabric in 2019. The technology was later re-engineered using the IOTA Streams framework to enhance scalability and security. This provides data trust, which is crucial for many organizations today.
The system will track every step of a data point’s journey, from IoT device sensors to routers, edge servers, and the cloud. Each interaction will receive a trust rating score based on industry-specific requirements. To prevent tampering and ensure data integrity, all scores will be logged on the IOTA Tangle.
