Gevo and Blocksize Capital develop blockchain technology for tracking sustainability of renewable products
by lb
Together with strong partners, we are dedicated to preparing the ground for the next generation of assets and infrastructure by transitioning from MVPs to fully productional Distributed Ledger Technology (DLT) systems. We are proud to announce that Blocksize Capital GmbH (in cooperation with micobo GmbH) and Gevo, Inc. (US3743963072) have entered a contract for the development of a DLT-based supply chain solution.
In the first step, this will allow Gevo, Inc. to track the entire value chain of their product enabling a „sustainability assurance“ and then in the second step will provide the fundament for tokenizing specific sustainability attributes such as sustainability reward points, carbon credits, etc.
“According to the Stanford Study ‘BLOCKCHAIN FOR SOCIAL IMPACT 2019’ Agriculture is one of the essential areas of impact with several use cases for DLT-based applications. This is because DLT offers plenty of opportunities to track sustainability attributes across the value chain in a more efficient manner since it has the potential to avoid any “playing of games” related to the key metrics. Making the first step towards building an ecosystem based on DLT for these business systems, opens the door to tokenize the attributes and make them accessible to a broader audience. Very low carbon or net zero-emission renewable fuels are a good place to start the development of these types of software and tools. There is a new financial market developing, and Blocksize Capital, in coordination with micobo as the services provider for the tokenization, is leading the industry in the construction of a liquid and transparent digital assets´ market with a broader investment base. Hence, the potential of the application beyond Gevo’s business system is enormous“ stated, Christoph Impekoven, Founder & Managing Director of Blocksize Capital GmbH and micobo GmbH.
“We are beyond excited to be the trusted partner to lead the path and open new opportunities for these businesses, along with such a forward-thinking organization as Gevo.”
