ivy is used to trace carbon credit and provide chains by way of two fundamental instruments: One is Hedera Guardian, which digitizes and verifies carbon credit score issuance from registries akin to Verra and BCarbon, and the opposite is TrackTrace, a platform constructed by Hashgraph Group that data product origin, emissions, and compliance knowledge for the European Union’s Digital Product Passport Regulation. Each instruments run on Hedera’s public ledger, which makes use of a consensus methodology referred to as a hashgraph as an alternative of conventional blockchain buildings. This permits companies to file knowledge that can’t be modified after the very fact, whereas retaining transaction prices low and funds quick.
The result’s a shared file of the place carbon credit and bodily merchandise got here from, who verified them, and what occurred subsequent. That file is open for anybody to see, and that is the core drawback these instruments try to resolve.
Why do carbon markets want blockchain monitoring?
A carbon credit score represents one ton of greenhouse gases prevented or faraway from the environment. The issue is that credit have historically been tracked by way of spreadsheets, PDFs, and registry databases that do not talk with one another. This leaves the market uncovered to double counting, the place the identical credit are offered or claimed a number of occasions, and inflated claims about how a lot carbon a mission truly eliminated.
Hedera Guardian addresses this subject by serving as an open supply governance layer for environmental asset knowledge. It automates measurement, reporting and verification, a course of the trade calls MRV, tying every digital carbon credit score to a particular auditable methodology. In keeping with Hedera, the Guardian ecosystem has constructed the world’s largest open-source library of digitized carbon methodologies.
Verra and Hedera Guardian integration
Verra, one of many largest carbon credit score requirements our bodies, has introduced a long-term collaboration with the Hedera Basis to attach Hedera Guardian on to the Verra Mission Hub. Verra CEO Mandy Rambharos described the partnership as an development within the group’s digitalization technique, which goals to make mission registration, verification, and credit score issuance quicker and extra clear.
This integration supplies mission builders with real-time entry to methodology updates and permits reviewers to go looking and analyze submission knowledge whereas sustaining proponent confidentiality.
How are actual carbon registries utilizing Hedera right now?
Some registries and mission builders have already migrated stay carbon credit score knowledge to Hedera, quite than treating it as a pilot exercise.
- B carbona nonprofit registry affiliated with Rice College’s Baker Institute for Public Coverage, transferred greater than 2 million issued carbon credit to Hedera in February 2026. Credit span methane discount by way of properly unplugging, soil carbon sequestration, forestry, and blue carbon tasks. BCarbon CEO Eric Unverzagt stated the transfer to Hedera combines scientific rigor with a digital infrastructure that helps auditable and tradable credit.
- dovacollaborated with Veterans Carbon Holdings to subject the primary third-party verified soil pattern carbon credit in Hedera, bringing $1.1 billion in property to DOVU’s digital asset warehouse, of which $600 million was directed to American household farms in a nine-year settlement.
- Gold Commonplace and ATEC World issued the primary absolutely digital cookstove carbon credit score in March 2026. It has been verified by way of a digital MRV course of and is now publicly traceable on the Hedera Guardian ledger. The eCook Bangladesh mission makes use of IoT-connected SIM playing cards on cookstoves to transmit real-time utilization knowledge, which will likely be audited by a 3rd occasion earlier than Gold Commonplace approves remaining publication. Wes Geisenberger, govt director of sustainability at Hashgraph, stated digital MRV is predicted to shorten publication timelines, which beforehand took as much as two years with handbook verification.
Notably, dMRV (digital monitoring, reporting, and verification) replaces handbook paperwork with sensor knowledge and automatic audit trails. All credit issued on this means may be checked independently by way of instruments such because the open-source Hedera Atlas dashboard, with out having to belief a single central authority.
How does Hedera observe its bodily provide chain?
Carbon credit are one facet of Hedera’s sustainability use case. The opposite is monitoring bodily items as they transfer by way of manufacturing, delivery, and retail. In Europe, this isn’t only a nice-to-have characteristic, however a compliance subject.
The EU’s Ecodesign Regulation for Sustainable Merchandise, referred to as ESPR, will come into drive on July 18, 2024 and would require a digital product passport for merchandise offered on the EU market, together with imported merchandise. The passport is usually accessed by way of a QR code and may include knowledge in regards to the product’s origin, elements, sustainability credentials, and lifecycle. Battery passport necessities will apply to electrical autos and industrial batteries from February 18, 2027, and to textiles, clothes and metal merchandise from July 2027.
TrackTrace and Digital Product Passport
Hashgraph Group constructed TrackTrace on prime of Hedera particularly to assist enterprises meet these necessities. The platform data provide chain knowledge akin to product high quality, uncooked materials origin, carbon emissions, and accountable sourcing info.
Every product or course of is given a decentralized identifier, often known as a DID. This preserves related data and permits them to be verified by unbiased auditors with out going by way of a government.
TrackTrace is constructed to work alongside, quite than substitute, present enterprise useful resource planning methods. Micha Roon, head of engineering at The Hashgraph Group, stated the platform is designed with GDPR compliance built-in, permitting firms to share the compliance knowledge they want with out exposing delicate mental property or private info. This structure additionally makes use of Hedera’s consensus algorithm to guard data from cross-border tampering.
TrackTrace additionally works with Merck’s M-Belief bodily authentication expertise, permitting firms to collectively confirm a product’s origin, authenticity, high quality, and operation. Thomas Endres, govt director of Merck’s M-Belief, pointed to the rise in faux certificates of origin within the cocoa market in 2026 in reference to the EU’s new deforestation laws as one purpose for the elevated demand for the sort of verification. TrackTrace targets industries the place provenance is most essential, together with meals, prescription drugs, electronics, luxurious items, and industrial parts.
What different firms are concerned in driving Hedera’s provide chain?
Hedera’s provide chain instruments are backed by a governing council quite than a single firm. Members associated to sustainability and logistics operations embody:
- FedEx joins Hedera Council to help digital infrastructure for world transportation
- Dell, Google, IBM and Deutsche Telekom take part in parliamentary governance
- PwC will present regulatory compliance help for the rollout of TrackTrace’s digital product passport.
This isn’t the primary time Hedera has been used for provide chain traceability. Medical Worth Chain launched a Hedera-linked drug monitoring system in Bahrain in 2021, utilizing Hedera consensus providers to notarize data together with a permissioned blockchain layer. Earlier implementations confirmed that the identical traceability mannequin applies outdoors of the carbon and ESG context, specializing in affected person security and decreasing counterfeit medicines.
what truly occurs
In abstract, carbon and provide chain use instances depend on the identical underlying sample.
- Knowledge is captured near the supply, whether or not it is an IoT sensor on a cookstove or a scan in a manufacturing facility.
- The info is time-stamped and recorded on Hedera’s public ledger. can’t be edited after the very fact
- A 3rd occasion, akin to Earthood for carbon credit or PwC for product passports, validates the info towards established methodologies and laws.
- Verified data stay open for unbiased assessment by auditors, patrons, or regulators.
This differs from the previous system the place the Registrar and Customs stored the one copy of the data. In Hedera, the file itself is a shared reference level.
$HBAR Value snapshot
For readers monitoring the community’s native tokens, $HBAR It was It’s buying and selling at round $0.071 As of early July 2026, Hedera’s market capitalization was practically $3.12 billion, in accordance with CoinGecko knowledge.
$HBAR Used to pay transaction charges on the community, together with charges generated by Guardian and TrackTrace actions, Tokenomics $HBAR How the monitoring instruments themselves work is separate.
conclusion
Hedera’s carbon credit score monitoring is carried out by way of Hedera Guardian, which connects digital MRV knowledge to registries akin to Verra, BCarbon, and Gold Commonplace, giving every credit score an auditable file from issuance to disposal. Its provide chain monitoring is carried out by way of TrackTrace. TrackTrace generates the origin, sourcing, and emissions knowledge required for the EU’s digital product passport and hyperlinks that knowledge to company methods by way of decentralized identifiers.
Collectively, these instruments present registries, producers, and regulators with a shared, tamper-resistant file quite than separate paper trails. This can be a distinctive hole that each carbon markets and cross-border provide chains have struggled with.
- Press launch by Vera: Vera and Hedera speed up the digital transformation of carbon markets
- Hedera’s web page: Sustainability use case
- Press launch by Gold Commonplace: The primary absolutely digital cookstove carbon credit score issued by Gold Commonplace and ATEC World
- Report by DLT Earth: BCarbon migrates Carbon Registry to Hedera to allow digital audit path
- Report by Genfinity: Hedera February 2026 Abstract: FedEx joins council, Davos management, carbon market grows to $1.1 billion
- Cointelegraph report: Hashgraph Group launches Hedera instrument for EU digital product passports
- Report by Inside Ecology: Hashgraph Group proclaims launch of TrackTrace to adjust to EU Digital Product Passport (DPP) regulation
- Report by Bitget Information: Digital product identification platform goes stay within the EU with Hedera
- Weblog publish by Hedera: Hedera Consensus Service and MVC Observe-and-Hint platform now absolutely built-in for pharmaceutical provide chain compliance and finance
- Knowledge by CoinGecko: Ivy ($HBAR) Value, Market Cap, Information
