Petrobras Deploys 2 Cardano Apps for Renewable Fuel Tracking

Crypto20 days ago

Verification of emissions and environmental data for Brazil's low-carbon aviation and diesel fuels now utilizes a distributed ledger system. The state oil giant Petrobras built two applications on the Cardano blockchain to trace sustainability claims for its sustainable aviation fuel and Diesel R renewable diesel, the Cardano Foundation announced.

The transition to blockchain is intended to authenticate the environmental credentials of the fuel products and eliminate the risk of double counting in the emissions reporting process. Petrobras is among the largest state-owned energy firms to implement Cardano-based tools for supply chain transparency.

Mapped to your portfolio

Possible scenarios

45%Tracking Becomes Routine+0.0%
25%Brazil Standardizes Traceability+0.1%
20%Pilot Stalls Operationally0.0%

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.

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Petrobras Deploys 2 Cardano Apps for Renewable Fuel Tracking

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Petrobras Cardano Foundation Brazil

$PBRPetróleo Brasileiro SA

Portfolio

SPY
State Street SPDR S&P 500 ETF Trust
100%

Portfolio

SPY
State Street SPDR S&P 500 ETF Trust
100%

Mapped to your portfolio

Possible scenarios

45%Tracking Becomes Routine+0.0%
25%Brazil Standardizes Traceability+0.1%
20%Pilot Stalls Operationally0.0%

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.