They are working with ClimateCHECK to work together on climate protection and sustainability. This sounds pretty generic at first, but they have already introduced their first joint project, the DigitalMRV initiative. This abbreviation comes from the words Measurement, Report, Proof. It is therefore apparently an administrative tool on a blockchain, or in the case of IOTA on the Tangle blockgraph.
Solutions currently used in climate protection and climate technology, such as CO2 quota, are difficult to administer. Besides, they are also expensive and slow. Data stored in a distributed ledger, on the other hand, is transparent and can be verified by anyone at any time. The test program will take 14 months in a Canadian-treated natural gas field in China, where the entire process will be monitored and recorded on the IOTA network.