DOVU are accelerating net zero by empowering the transparent digitization and trading of carbon at scale and at speed.

$50 billion

tokenized voluntary carbon marketplace size by 2030

2 tons

of average global carbon footprint per year by 2050

There is a pressing need for new marketplaces that provide price transparency,fast settlement for projects owners and a transparent audit trail for buyers and sellers. Independent of centralized methodologies,leveraging technology and data to ensure quality. This is Dovu.

Irfon Watkins

CEO/Founder, Dovu

Industry

Sustainability

Use Case

Tokenization of Assets & Data Integrity

Overview

DOVU is accelerating net zero by empowering the transparent digitisation and trading of carbon at scale and at speed. It uses Hedera to inexpensively issue tokenized carbon credits to any person, business, or government, in order to fund projects which remove, capture, or sequester carbon from the environment.

Challenge

DOVU needed a cost-effective, secure, and scalable way to issue and create a marketplace for tokenized carbon credits. It also needed to ensure that project managers and land owners have the ability to update buyers in a trusted way about the status of their land or project.

Solution

DOVU has created an end-to-end platform for scaling voluntary carbon offsetting solutions, empowering carbon sequestration projects for the benefit of both people and planet. The foundation is the audit trail, enhancing the Guardian, that verifies the entire journey for any carbon project from onboarding to retirement, simple visualizations and documentation are a key part of the journey for buyers to make educated decisions on carbon quality.

Dovu provides the technical infrastructure for the audit trail of standards and methodologies. In principle, it is agnostic to any methodology and standard. The DOVU application is built on Hedera and leverages the Guardian, a solution that multiple organizations can connect to and use tools like satellites, AI, and heatmaps to receive accurate, traceable, and trusted data for the Measurement, reporting, and Verification (MRV) process.


Each onboarded project will choose its methodology suitable for the project type, facilitating community responses to methodologies, and adding rating systems such as BeZero to all projects. Additionally, as an MRV registry aggregator, DOVU will publish data across project types enabling better price transparency and the actual history of methodologies versus the forecast. This process will also enable expansion into new methodologies while ensuring the quality assurance of those qualities.


Building on the Guardian ensures that the measurement reporting and verification process is fully verifiable. Once validated and verified, the project removes carbon, and then creates assets ready for buyers to purchase fully auditable credits. Dovu is the facilitator that allows project developers to use any methodology to verify and validate their carbon credits. We ensure that this methodology is publicly available on-chain in the ledger, allowing buyers to make informed decisions on each tonne of carbon they purchase.


As an outcome, DOVU has helped an orchard in France offset the carbon emissions of their spirit called Avalon and helped them sell it as a net-zero spirit. The stress testing they’ve done with Hedera to get the platform live has exceeded expectations.


Building on the Hedera-based Guardian provides DOVU with a solution that does not emit an excess of carbon. Hedera is a solution genuinely aligned with our sustainable impact mission.


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Hedera is not affiliated with, and does not sponsor or endorse this project.

Industry

Sustainability

Use Case

Tokenization of Assets & Data Integrity

Overview

DOVU is accelerating net zero by empowering the transparent digitisation and trading of carbon at scale and at speed. It uses Hedera to inexpensively issue tokenized carbon credits to any person, business, or government, in order to fund projects which remove, capture, or sequester carbon from the environment.

Challenge

DOVU needed a cost-effective, secure, and scalable way to issue and create a marketplace for tokenized carbon credits. It also needed to ensure that project managers and land owners have the ability to update buyers in a trusted way about the status of their land or project.

Solution

DOVU has created an end-to-end platform for scaling voluntary carbon offsetting solutions, empowering carbon sequestration projects for the benefit of both people and planet. The foundation is the audit trail, enhancing the Guardian, that verifies the entire journey for any carbon project from onboarding to retirement, simple visualizations and documentation are a key part of the journey for buyers to make educated decisions on carbon quality.

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