Kia and Hyundai to use Hedera Hashgraph for AI Carbon Emission Tracking

Major car manufacturers, Kia and Hyundai, have partnered with Hedera's blockchain to deploy the Supplier CO2 Emission Monitoring System (SCEMS).

Prioritising data accuracy, interoperability, and security, Hedera's representatives highlighted the significance of this collaboration in a recent blog post.

Unlike traditional blockchains such as Bitcoin or Ethereum, Hedera Hashgraph offers a fresh perspective on Distributed Ledger Technology (DLT). It operates on a directed acyclic graph, allowing data referencing from any block throughout the blockchain's history, in contrast to regular blockchains that validate data based on the previous block.

Seung Hyun Hong, Hyundai Motors' Head of Materials Research, emphasised the potential of blockchain technology in revolutionising carbon emission management and addressing climate change.

"Blockchain technology holds the key to a revolutionary approach in managing carbon emissions and combating climate change, ushering in a new era of sustainable supply chains within our cooperative network."

The implementation of real-time carbon emission tracking through Hedera Hashgraph aligns with car manufacturers' needs, enabling them to collect and process data more efficiently on this unconventional blockchain.

Hedera's blockchain encountered a serious security breach in March, where bad actors hacked the open-source ledger, resulting in significant backlash from crypto investors on Twitter.

Exploiting Hedera's smart contract service, the attackers managed to drain numerous wallets, causing losses of up to $575,000.