Carbon Matrix, a SaaS product, provides a one-stop-shop by aggregating and visualising companies’ carbon data
China-based AntChain, the flagship technology brand of Ant Group, has announced the launch of Carbon Matrix, a software-as-a-service (SaaS) product to help businesses manage their carbon impact throughout the full carbon life cycle.
“When we laid out our carbon neutrality roadmap earlier in the year, we also committed to explore the application of innovative technologies in achieving carbon neutrality goals,” said Yijie Peng, President of Social Good and Green Development, Ant Group. “The Carbon Matrix product marks a step further in our efforts and we hope it can help businesses tackle common challenges in enterprise carbon management.”
Businesses have long struggled with challenges in managing their carbon impacts, including low management efficiency, lack of quantified management tools, and difficulties tracking and ensuring the authenticity of carbon offset activities.
Powered by blockchain technology, Carbon Matrix not only provides a one-stop-shop by aggregating and visualising companies’ carbon data but also enables third-party environmental institutions to conduct tamper-proof audits and certify carbon neutrality activities remotely. At the same time, Carbon Matrix’s application of secure computation technologies ensures businesses can keep proprietary data safe while disclosing the relevant environmental information to external parties.
