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Validere partners with GuildOne to create tokenized blockchain emissions assets

Tuesday, November 9, 2021

Validere, a leader in bringing commodity data transparency to the energy industry, announced the completion of a partnership with GuildOne Inc. (GuildOne), a pioneering technology company, to create new digital assets for balancing energy needs with emission reductions.

Under the partnership Validere will immediately start validating carbon captured by select industry clients. This audit trail on sequestered carbon volumes will then be connected to other consortium partners for the purposes of verification on a client-by-client basis, and then to GuildOne's blockchain platform for the purchase of carbon offset credits by global entities interested in lowering emissions and meeting targets.

'We've always had a lot of respect for the GuildOne team and it's exciting to formally partner. They share our view of the critical importance of the energy supply chain, and that better data and tools can immediately drive economic and environmental improvement,' said Nouman Ahmad, co-founder and CEO, Validere. 'Our customers have always been fully aligned in measuring and reducing their impact and this is an additional way we can help support markets to incentivize and accelerate these emission reductions. Partnerships such as this are critical in accelerating carbon capture.'

'This once again demonstrates the potential of blockchain technology, where data-intense software companies such as Validere and their clients are interested in connecting primary data sources for the creation of new assets that drive global emissions reductions,' said GuildOne CEO James Graham. 'Validere creates great primary data audit trails from industry instruments and data sources, and the blockchain component from GuildOne now allows that data to be shared with counterparties in a way that significantly reduces friction.'

Validere helps more than 40 producers, midstream, and downstream energy companies consolidate their commodity inventory data into a single repository, so they have a detailed 'genealogy' of every molecule as it progresses through the energy supply chain.

Associated Companies
» Validere
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