The two
affiliates of the group, Hyundai Motor and Kia, have unveiled the Supplier CO2
Emission Monitoring System (SCEMS), a carbon emission tracking solution based
on blockchain technology.
From the
extraction of raw materials to the production and delivery of parts and
vehicles, the SCEMS is designed to record and manage carbon footprints.
This
comprehensive approach allows Hyundai and Kia to gain better control over their
carbon reduction initiatives.
Because calculating
carbon footprints requires an understanding of complex mathematical processes, Hyundai
Motor and Kia are providing the SCEMS to suppliers free of charge, offering
them the necessary tools to effectively curb carbon emissions.
The SCEMS
employs artificial intelligence modeling, which automatically computes carbon
emissions and predicts future projections as suppliers from various industries
input their data into the system.
Hyundai
Motor and Kia expect that the incorporation of blockchain technology into their
operations will support the reliability of their data, increasing their
credibility among global evaluators of environmental, social, and governance
(ESG) management.
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