We're building towards a blockchain network to track the complicated web of transactions. Blockchain technology addresses the visibility of an asset life cycle and streamlined operational costs by connecting the ecosystem to universal infrastructure. Shared infrastructure allows us to create global standards without compromising privacy and security.
Blockchain networks require building an inclusive ecosystem of connected companies and technologies. We’re partnering with industry leaders to take an industry-driven approach to application and infrastructure development.
Gem’s first partner in Supply Chain is Xpansiv. Together we’re exploring how blockchain technology can support carbon offset token issuance based on sustainable natural gas production.
The earth is in a tough spot. Human beings have proven to be the most advanced species on the planet, at least to date. But that comes at a price to Planet Earth.
Our civilization building has begun to warm the only habitat we have ever known. According to a joint statement issued by NASA and the National Oceanic and Atmospheric Administration, 2016 was officially the hottest year known to man. Studies have also shown polar ice caps melting and oceans rising.
Considering that we are orbiting a dying star in a black infinite spacetime, our options for a new home may be limited.
Governments have taken note and developed systems to encourage positive change, fueled by environmental mandates and economic incentives offered to the largest industries that are both responsible for and have the ability to course correct this dangerous trend. These incentives are also known as carbon credits.
Carbon credits may seem esoteric to the lay citizen but is critical to the survival of our planet’s continued health and sustenance. A product of this move towards rewarding good actors with carbon credits that they can leverage like cash in the marketplace, has been the creation of Commodity Impact Factor (CIFs). This innovation allows companies to quantify and standardize the environmental impact of producing commodity goods.
Gem powers the issuance of CIFs which reward companies that are environmental stewards by giving them financial incentives to comply with government mandates.
Gem cryptographically secures the production data against the newly minted asset -- the carbon credit or CIF.
Gem then allows for the digital ownership transference of the CIF asset -- while creating an immutable audit history of the production data to ensure integrity of the entire process.
The natural gas producer above is able to sell CIF credits for cash to a market partner, while increasing production efficiency and creating more natural gas in the process.
The purchaser of the credit also wins because they are able to become carbon neutral in their own operations.
In order for this highly complicated system of checks and balances to be optimized, all participants must remain accurately informed. The integrity of the CIF network demands it. As this marketplace continues to grow it must be designed such that these complex tracking and booking procedures can be held accountable by both public and private interests. Billions of dollars must be allocated without hesitation. These are the types of challenges our mission- oriented team at Gem thrives on tackling.
Breath of Fresh Air
What Gem Can Do Today
Gem has deployed a highly configured GemOS platform so that all of the participating parties in this complex system can maintain total insight into the system and how it will impact their business. Producers can optimize production processes and codify best practices within the context of the new marketplace. Costs are cut, efficiency rendered, and additional revenue can now be booked as commodity purchasers reward producers. And the purchasers now have proof that they have done their part in making our planet cleaner. This complicated web of transactions, once seemingly unachievable, is now a reality delivered by GemOS.
Sunshine and Rainbows
What Gem Can Do for you Tomorrow
The information that is tracked across this commodity production ecosystem is not just valuable to the participants. It is also incredibly valuable to researchers, vendor companies, analysts, and hedge funds. What if the participating companies could further monetize the data that they were producing but in such a way, that allowing access to their proprietary data did not compromise ownership.
One happy Planet Earth, and millions of satisfied customers.
Supply Chain in the News
The New Mobility Ecosystem
Cars now generate data about how they are used, where they are and who is behind the wheel.
With greater proliferation of shared mobility, progress in powertrain electrification, car autonomy and vehicle connectivity, the amount of data from vehicles will grow exponentially, raising a key question: How might industry players in the evolving automotive ecosystem turn car-generated data into valuable products and services? More importantly, where does the architecture lie to permission and secure that data?
From Car to Super Computer
It is becoming clear that the fundamental concepts of car ownership, ridership and even the physical asset of the automobile itself are about to transform, particularly with the horizon of fully-autonomous vehicles now estimated to become a market reality in 2020.
On May 22 at Consensus 2017, panelists from Microsoft, uPort, Gem, Evernym, Blockstack, and Tierion announced the formation of the Decentralized Identity Foundation (DIF).
The DIF is comprised of a multitude of competitive companies across industries with the singular unifying focus to create a universal decentralized state of data that can be accessed by institutions and individuals to verify identity.
On the same day that Ford officially ousted its chief executive in a bid to remake itself as future-focused vehicle manufacturer, Toyota announced its own steps to embrace technology’s next wave. Andwhile Ford is looking to catch up to the leaders in autonomous and electric vehicle manufacturing, Toyota (through the Toyota Research Institute) appears to be taking the next fork in the road toward enabling that autonomous and electric future.
Toyota Research Institute (TRI) is going big with a bold blockchain strategy.
Imagine a world where automotive vehicles are no longer depreciating assets, but are profit generating machines.
Blockchain technology represents an infrastructural change that will transform how some very large organizations work
Today we are talking about healthcare transformation, data and regulation with Micah Winkelspecht, CEO & Founder of Gem, ahead of a presentation later today which is being hosted by the Chamber of Digital Commerce in conjunction with the Congressional Blockchain Caucus:
Hi Micah – Welcome to Chain Reaction. So, blockchain technology is perhaps not the easiest thing to explain to newcomers. As a regular public speaker, how do you go about explaining it to a non-technical audience and which types of arguments and examples do you find to be the most effective?