The fusion of blockchain and artificial intelligence (AI) has opened up remarkable opportunities, extending their utility across various sectors, including the automotive domain.
On July 27, leading South Korean automakers Hyundai Motor Company and Kia Corporation introduced a collaborative venture centered around blockchain technology to bolster carbon emissions management.
The collaboration yielded the Supplier CO2 Emission Monitoring System (SCEMS), an AI-infused, blockchain-based solution designed to cultivate a more ecologically sustainable supply chain. The focal point of this system, built upon blockchain’s foundation, is to ensure the secure and precise collection of carbon emissions data.
SCEMS leverages AI to enhance the precision of emission forecasts. Beyond blockchain, this technology is instrumental in predicting future emissions accurately.
The effectiveness of the system has already been validated by the two automakers, prompting their adoption of this solution. A key objective of the SCEMS endeavor was to alleviate suppliers from the labor-intensive and time-consuming task of predicting forthcoming emissions. Furthermore, blockchain and AI are better equipped to supervise and regulate the amassed data compared to preceding methods.
Hyundai and Kia affirmed that the system demonstrates its ability to proficiently handle generated carbon emission data while ensuring data security. The system covers the entire supply chain spectrum, spanning from raw material procurement to manufacturing processes and product transportation.
The incorporation of blockchain technology to oversee carbon emissions signifies a noteworthy stride towards endorsing sustainable practices in the industry, the two companies concluded in their joint press release.
Hyundai, recognized as one of the globe’s largest automobile manufacturers, boasts ownership of brands like Genesis and Kia.
By FCCT Editorial Team
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