In the next generation of the Internet - Web3 - people and organisations will seek to find better ways to control and manage their personal information.
One such innovation is the use of digital wallets, designed to help users take more control of their identity and personal information across all digital interactions.
This requires leading-edge technology to securely store, manage, and verify personal information, such as names, accounts, government-issued IDs and important documents.
With the increasing digitisation of services and the need for secure online transactions, there is a growing demand for reliable and secure digital identity solutions.
Digital identity sits at the centre of all these interactions, including the ability to prove you are a human and not a bot!
Imagine never having to fill in an online registration form again, while resting assured that your personal data can never be used unless you explicitly agree (and that you have the power to withdraw that agreement at any time).
We already have cardless ways to pay for a drink or prove that you are a Belgian citizen. Imagine you could also digitally count and manage your emission and receive credits such as ‘carbon tokens’ for installing solar panels, choosing a sustainable meal or using electrified public transportation. This would enable you to digitally track your sustainability and manage trade-offs to reach a carbon neutral footprint.
Right now, our shared challenge is how to make net zero commitments both transparent and measurable. When Meeco was founded, we set out with a guiding principle to enable everyone on the planet to get equity and value in exchange for the data they share. Little did we know a decade ago how vital access to verified data would be to contribute to the management of climate change.
Whilst there’s a growing sector of voluntary reporting and carbon schemes, voluntary carbon credit volume will need to grow by up to 15 times by 2030 to help drive the necessary investment needed to deliver a 1.5-2.0 °C pathway.
Given the significant increase required, we need to do more to help voluntary markets capture and report in standardised and measurable ways. Specifically, by supporting Environmental Management Systems (EMSs) for climate-risk data management.
That’s what inspired us to develop Trustury; a powerful and simple open-source interface that enables people to manage, visualise, and share trusted information associated with carbon offset tokens.
In addition, Meeco will provide a simple and consistent mechanism for people to bring their keys and decentralised identity information as part of the Hedera Guardian initiative.
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