Hyundai Motor Company and Kia Corporation have unveiled their AI and blockchain-based Supplier CO2 Emission Monitoring System (SCEMS), designed to manage the carbon emissions of their cooperative business partners. SCEMS aims to compute carbon emissions at every stage of the supply chain while ensuring data transparency and integrity.
The high-performance blockchain technology used in the system allows for the secure and timely collection of carbon emissions data. This innovation not only reduces the workload of suppliers but also provides them with accurate data management of their carbon emissions. By employing AI and blockchain technology, business partners can effectively monitor the collected data and the status of carbon emissions at their respective workplaces.
Hyundai and Kia aim to tackle climate change by proactively complying with local and global environmental regulations and fostering sustainable supply chains within the companies and their cooperative partners.
"By implementing the Supplier CO2 Emission Monitoring System, we are establishing a groundbreaking approach to managing carbon emissions and battling climate change, ushering in a new era of sustainable supply chain within our cooperative network," said Seung Hyun Hong, Head of Materials Research and Engineering Center at Hyundai Motor and Kia. "We are proud to be leading this transformative journey, collaborating with our partners to shape a greener and brighter future for all."
The system provides reliable carbon emission data across all business operations of its suppliers, from raw material procurement and manufacturing processes to product transportation. This next-generation technology will enable regulators, stakeholders, and investors to trust in the accuracy of the data.
The use of blockchain technology to manage carbon emissions marks a significant step toward promoting sustainable practices in the industry. The integration of AI and high-performance blockchain will enable Hyundai, Kia, and their partners to set carbon reduction targets and accurately predict future carbon emissions, fostering practical climate change mitigation efforts.
Climate change is an urgent global issue, and reducing carbon emissions is a critical step toward mitigating its impact. By implementing this system, Hyundai Motor Company and Kia Corporation reaffirm their commitment to actively address climate change and promote sustainability in the automotive industry.
