In Colorado, Gevo, Inc. announced it has signed a Development Agreement with Blocksize Capital, a Leading Distributed Ledger Technology (DLT, commonly referred to as “Blockchain”) company based in Germany.
Originally developed as an underlying branch of the blockchain technology, DLT is an immutable tool that allows tracking of data with a product and the transactions associated with the product. Gevo and Blocksize discovered that it is possible to attach the key metrics for sustainability to gallons of fuel, and therefore enable a “sustainability” assurance that has not yet been seen. The data associated with certain key metrics for measuring sustainability are suitable for being digitized through blockchain and could lead to tokenization or those attributes.
This articles was originally posted at: https://www.biofuelsdigest.com/bdigest/2019/11/05/gevo-teams-with-german-blockchain-company-to-track-sustainability/ on