DevvStream launches first-of-its-kind blockchain based carbon offset programme

DevvStream Holdings, a leading carbon credit project co-development and generation firm specialising in technology-based solutions, has launched its environmental project management platform, the Carbon Offset Programme Platform (COPP). By leveraging the power of blockchain technology to provide a comprehensive and unalterable record of DevvStream’s carbon offset projects, the COPP platform provides a new standard of transparency, integrity, and accessibility to carbon offset projects in DevvStream’s portfolio.

DevvStream’s COPP is a programme management tool developed in-house to manage DevvStream’s portfolio of offset programmes, including the recently announced Buildings and Facilities Carbon Offset Programme (BFCOP).

COPP provides comprehensive information about these programmes and its participants, methodologies used, and more, making them accessible to the public via Devvio’s blockchain platform. The Company is currently in the development phase of the public interface accessible via the company’s website. The information accessible thanks to COPP will go beyond what the industry, including project developers and registries, has traditionally made accessible to the public, ensuring public trust and credibility to credits generated by DevvStream’s programmes.

“With COPP, we are taking a giant leap towards restoring faith in the carbon offset sector,” said Sunny Trinh, CEO of DevvStream. “Transparency is the cornerstone of environmental integrity, and every individual should have the ability to scrutinise the impact of individual carbon offset projects and assess the quality of the credits generated. With that in mind, our new platform provides unprecedented comparability and transparency to help organisations meet their net zero goals in a measurable and accountable way. The use of blockchain technology to make relevant project data available is representative of DevvStream’s commitment to leveraging technology to accelerate decarbonisation around the globe. Our co-development projects meet the highest standards when it comes to environmental integrity, and this platform will provide customers and market participants with the assurance they need to invest in resulting carbon credits with confidence.”

The announcement builds on the recent unveiling of the Buildings and Facilities Carbon Offset Programme (BFCOP), which aims to reduce the barrier to entry for organisations seeking to generate carbon credit revenue within two main categories: energy efficiency & fuel switching activities, and onsite renewable energy generation. Taken together, these programmes serve as a testament to DevvStream’s commitment to driving sustainable practises across industries.

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