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How ORBEX Blockchain Technology Enhances Provenance Verification, Regulatory Compliance, and Carbon Offset Protection

Lloyd’s of London-insured carbon offset credits provide superyacht owners with unparalleled credibility and security, ensuring their offsets are genuine and protected against project failure or reversal.

This unique assurance, combined with transparency and traceability, sets a new industry benchmark for environmental responsibility and distinguishes yachts in an increasingly sustainability-focused market.

Provenance Verification

ORBEX leverages blockchain technology to provide a secure, immutable, and transparent record of environmental commodities, including carbon offsets.

  • Authenticate the origin and journey of carbon offsets and materials through Certificates of Origin,.

  • Enable traceability across the entire value chain ensuring that all claims about environmental impact are verifiable and auditable.

  • Reduce fraud and double-counting by maintaining a single, tamper-proof ledger that stakeholders can trust for accurate provenance data.

Lloyd's logo with the text 'Lloyd's' and 'Lloyd's of London' underneath.
Certificate of origin for recycled aluminum, issued by ORBEX Market Group, issued on January 20, 2024, with details including certification number, origin and destination locations, environmental attributes, analysis results, and truck inspection information.
A renewable gas certificate with details about the certification, issuance, and production, issued by Greengas Ltd, for green biogas from Biogas Biogas Ltd. in the UK, with a QR code in the top right corner.
An environmental product certification report for Orbex, detailing carbon intensity score, carbon reduction, and lifecycle emissions across different stages. The report includes tables with numerical data, company information, and QR codes.

Regulatory Compliance

ORBEX’s blockchain solutions are designed to help organizations meet evolving global regulatory standards for environmental reporting and carbon markets. Key features include:

  • Automated regulatory attestations: Blockchain records regulatory attestations and compliance documents in standardized digital formats, streamlining compliance with frameworks like the EU’s Carbon Border Adjustment Mechanism (CBAM) and the Greenhouse Gas Protocol.

  • Facilitated third-party verification: The platform allows for secure sharing of verified data with regulators and independent auditors, enhancing the credibility and reliability of reported information.

  • Real-time auditability: Blockchain’s transparency supports continuous monitoring and auditing, making it easier to demonstrate compliance and respond to regulatory inquiries.

Protection and Insurance of Carbon Offset

Every batch of our sustainable marine diesel and hydrogen comes with a Certificate of Provenance. This certificate provides full traceability and documentation, ensuring you meet all compliance and regulatory requirements for renewable marine fuels. It’s your assurance of quality, transparency, and adherence to international standards.

Carbon Offset Credits: Lloyd’s of London-Backed Assurance

For every liter of renewable diesel fuel and hydrogen you use, you can buy carbon offset credits that are backed by Lloyd’s of London. These credits quantify and certify the carbon emissions saved during the production and use of our fuels, giving you a credible, third-party-verified way to demonstrate your commitment to sustainability and environmental stewardship.

Why blockchain and tokens?

Protecting the integrity and value of carbon offsets is central to ORBEX’s blockchain approach:

  • Tokenization of carbon assets: Environmental assets like carbon credits are tokenized on the blockchain, making them easier to track, trade, and verify, while reducing the risk of double spending or fraudulent claims.

  • Immutable records: Each offset’s creation, transfer, and retirement are permanently recorded, ensuring that offsets cannot be resold or misused after being claimed.

  • Alignment with sustainability goals: ORBEX’s system allows companies to select and monitor projects that align with their specific sustainability goals, providing greater control and accountability over their carbon reduction efforts

  • Support for direct and supply chain emissions reductions: ORBEX’s “sCARBON” credits focus on emissions reductions within a value chain, enabling more meaningful and verifiable climate action.