CarbonMedChain is a blockchain and AI based platform designed to track and manage carbon emissions throughout the lifecycle of medical devices, ensuring transparency, accountability, and sustainability in the healthcare industry. Its primary goal is to reduce the carbon footprint of medical devices from manufacturing to usage.
Functionalities:
Immutable Carbon Emission Records: Utilizes blockchain technology for a decentralized, tamper-proof ledger.
End-to-End Carbon Footprint Tracking: Monitors emissions from manufacturing, usage, energy consumption, and disposal/recycling.
Verification and Auditing: Ensures data accuracy and compliance with environmental standards. Blockchain provides a transparent, traceable transaction history for auditors.
Incentive Mechanisms: Offers rewards like carbon credits or financial incentives for successful emission reductions.
Reporting and Analytics: Provides clear sustainability reports for stakeholders, including regulators, investors, and the public.
AI-Powered Future Predictions: Uses AI to forecast emissions trends, detect anomalies, and optimize resource usage, enhancing long-term sustainability strategies.
Using blockchain technology we can track carbon footprint data tamper-proof and transparent using OpenText Thrust Services and OpenText Big Data Analytics API.There is a lot of scope in this domain due to lesser competitors and huge demand and plan to take this project on a global level
CarbonMedChain is a decentralized application (DApp) that tracks carbon emissions from medical devices. It leverages a blockchain backend to store data securely and a ReactJS frontend to interact with the data.
Tech-Stack
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