CAPS-CO: Carbon Accounting of Product Supply Chains using ONTOCHAIN

Motivation for the project:

With governments tightening their environmental legislation to transition to Net-zero, businesses are under pressure to quantify and reduce their carbon emissions. From this, CAPS-CO will enable the rapid deployment and exploitation of ONTOCHAIN, providing enormous commercial and social impacts.

Generic use case description:

The use case will involve medical manufacturing industry partners providing real-life data to test the effectiveness of our solution, thus creating a working demonstrator of the tool prior to penetrating the market.

Essential functionalities:

Corporate Carbon Accounting (CCA): Accurate corporate level carbon accounting using primary data.
Product Carbon
Footprint (PCF): individual product carbon footprint calculated using primary data throughout the supply chain.  Tokenisation:  Incentivising the use of the CAPS-CO tool.

How these functionalities can be integrated within the software ecosystem:

CAPS-CO uses libraries and components from ONTOCHAIN for rapid development, the successful deployment of which will have massive economic, social, and environmental benefit across sectors, contributing to the impacts of ONTOCHAIN.

Gap being addressed:

There is a gap in the market for a web-based tool that facilitates and incentivises both corporate carbon accounting and product carbon footprint using sensitive primary data in a secure, transparent, and trustworthy manor. 

Expected benefits achieved with the novel technology building blocks:

CAPS-CO shares the same vision of ONTOCHAIN and could employ the already constructed framework provided by ONTOCHAIN. By design, the ONTOCHAIN-based solution will facilitate a protected exchange of data, whilst semantically linking business’ operation systems. 

Potential demonstration scenario:

This project will yield a demonstrable tool that will interact and exchange data with the business’s resource management, calculate CCA/PCF securely off-chain, and store resulting emissions data on-chain for immutable and secure records.