DigitalMRV Information

Combining IOTA’s nextgen distributed ledger technology and ecosystem with ClimateCHECK’s 20 years of MRV expertise empowers DigitalMRV to provide unequalled data confidence and utility to support an array of stakeholder needs and opportunities. DigitalMRV goes beyond the data life cycle with nextgen smart standards systems to improve the cohesiveness of MRV systems. DigitalMRV addresses challenges with conventional MRV: - Inefficiency of MRV process - Credibility of MRV results - Utility of the MRV results - Cohesiveness of MRV system DigitalMRV is built on IOTA’s advanced technology ecosystem: the first distributed ledger built for the “Internet of Everything – a network for exchanging value and data between humans and machines. IOTA has a number of unique capabilities – tamper proof data, lightweight scalable infrastructure, removal of risk of vendor lock-in, a high level of transparency, and no built-in fees to use the network which could cause future bottlenecks for growth. DigitalMRV incorporates the specifications from the digitized MRV methodology, and links together the onsite IoT devices and data flows with the DLT-enabled platform using the IOTA Tangle, IOTA Streams and ScribeHub for online GHG reporting and verification. Unlike blockchain applications that consume huge amounts of energy with corresponding GHG emissions, the IOTA Tangle (directed acyclic graph) is a sustainable energy efficient design with energy consumption for an IOTA transaction less than 10% of the energy used for a credit card transaction. ClimateCHECK leverages its extensive MRV expertise into DigitalMRV: - Performed MRV on over 250 companies since 2001 - Core contributor to major MRV standards - Co-founded GHG Management Institute as global society of MRV professionals - Performed “audit the auditor” based on ISO 14064/65 - Audited IETA’s ICROA members - Delivered quality assurance to ACT Initiative - Co-Chair Climate Chain Coalition (with UNFCCC)