Climate change challenges are prominent in the 21st century, prompting the need for ESG-aligned investments. Transparently measuring carbon footprint, even in emerging technologies like smart contracts, is vital. Accurate assessment of greenhouse gas emissions, including those from internet activities, is essential for initiatives like carbon credit purchases, enabling a more sustainable future.
Our solution leverages blockchain's network to estimate carbon emissions produced by smart contracts' activities, enabling end-users (green engineers and ESG-decision makers to make informed decisions and drive eco-conscious practices.
In our proof of concept version, we have built a process to calculate carbon emission data for each smart contract address. A user-friendly interface lets stakeholders access detailed carbon footprint insights from their smart contract activities. These insights are visualized through interactive graphs and charts, providing a clear understanding of the environmental consequences of each address.
This data is then securely stored in a dedicated database, which can be further distributed to all ESG stakeholders via data connectors or visualization tools. A demo use case is built on PowerBI to demonstrate how users can be empowered to make informed decisions when it comes to choosing energy-efficient execution options or optimizing resource allocation.