Hyundai and Kia, two leading South Korean car manufacturers, have recently partnered with blockchain and artificial intelligence (AI) technology to enhance carbon emissions management. This collaboration aims to support a more sustainable supply chain and revolutionize the automotive industry’s fight against climate change.
The companies have introduced a Supplier CO2 Emission Monitoring System (SCEMS) that leverages AI and blockchain for secure and accurate carbon emissions data collection. By utilizing blockchain technology, the system ensures transparency, accountability, and data integrity throughout the supply chain.
Hyundai and Kia have tested the system and were impressed with its effectiveness, leading them to adopt the technology. The SCEMS project aims to relieve suppliers from the time-consuming and costly task of forecasting future emissions. In addition, the combination of AI and blockchain enables better monitoring and management of collected data compared to previous solutions.
The implementation of blockchain technology to manage carbon emissions is a significant step toward promoting sustainable practices in the industry, Hyundai and Kia stated.
The system covers the entire supply chain, from raw material procurement to manufacturing processes and product transportation. By accurately projecting future emissions and providing reliable data management, Hyundai and Kia are pioneering a greener and brighter future for the automotive industry.
Hyundai, as one of the world’s largest car manufacturers, owns brands like Genesis and Kia. This partnership signifies their commitment to sustainability and their determination to lead the automotive industry towards a more environmentally friendly future.
The convergence of blockchain and AI has paved the way for a multitude of possibilities across various industries, including automotive. These technologies are transforming the way companies manage their operations, enhance sustainability, and reduce their carbon footprint.
By implementing blockchain and AI in their Supplier CO2 Emission Monitoring System, Hyundai and Kia are setting a new benchmark for sustainable practices in the automotive industry. This innovative approach not only benefits the companies but also contributes to global efforts to combat climate change.
The partnership between Hyundai and Kia showcases their dedication to ensuring a more efficient and environmentally conscious supply chain. By harnessing the power of blockchain and AI, they are set to revolutionize emissions management and shape a greener future for all.
