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Highlights
- NoviqTech (ASX:NVQ) partners with H2i Technology for emission reduction tokenization.
- Real-time emissions tracking using Digital Twin technology and Hedera distributed ledger.
- Subscription model for token production with a focus on carbon credit market growth.
NoviqTech (ASX:NVQ) has unveiled a pioneering partnership with H2i Technology to develop a system designed to tokenise emission reductions from diesel engines operating across industrial and commercial sites. This collaboration aims to revolutionize how carbon credits are generated, making the process more transparent and efficient through the use of cutting-edge blockchain technology.
At the heart of this innovative project is H2i's hydrogen enhancement system, which plays a pivotal role in reducing emissions. By utilizing this technology, the system is capable of decreasing fuel consumption by up to 27%, cutting carbon dioxide emissions by 19%, and reducing particulate emissions by 44% in diesel engines. The emissions reduction will be tokenized on the Hedera public distributed ledger, through NoviqTech's Carbon Central platform.
The integration of Digital Twin technology will enable real-time emissions tracking, automating the carbon calculation process while maintaining transparency and credibility in carbon asset tokenisation. This ensures that carbon credits are verified and auditable at every step, providing a reliable and immutable audit trail. As a result, businesses will be able to efficiently meet compliance requirements and contribute to global carbon reduction efforts.
A key component of this project is the automation of carbon calculations, which simplifies reporting and compliance processes. The system integrates seamlessly with Internet of Things (IoT) devices, further enhancing real-time validation and ensuring that all data remains accurate and secure.
Through this collaboration, NoviqTech and H2i Technology aim to take a significant step forward in the transition towards a decentralized carbon economy. By combining hydrogen enhancement with tokenisation, the companies are poised to unlock new opportunities in the growing carbon credit market. The partnership also aims to increase the adoption of green technologies by making the process more transparent and credible.
In terms of the partnership structure, H2i will subscribe to NoviqTech’s Carbon Central platform at a basic-tier pricing category of $1,000 per month, with potential upgrades as more projects come onboard. The subscription fee is on a monthly basis and is charged per token produced, providing flexibility for both parties in the collaboration.
As the global push for sustainability continues to grow, NoviqTech and H2i Technology are positioning themselves at the forefront of innovation in carbon reduction and green tech adoption. This partnership is not only a significant move for the companies but also a notable development for the broader environmental and energy sectors.
