Industries across the globe are transitioning to the new green economy. From maritime to aviation, the introduction of green fuels, renewable energy generation assets, and climate reporting are the positive results of the new green future. Investors are now using their assets to create positive change in the world and companies looking to capitalise on this shift now need to prove their green credentials.

Companies looking to prove their decarbonisation efforts have for a long time relied on manual paper based auditing techniques and legacy technologies that provided estimated point-in-time carbon reports, which lacked the frequency and depth to allow for real operational change. As the race to net zero by 2030 continues for many companies, the need for a smarter, scalable, and efficient guarantee of origin and carbon reporting solution arose.

Realising the exponential growth in companies looking for solutions to empower them in their decarbonisation journey, TYMLEZ developed the TYMLEZ platform. Built upon the Hedera network, the TYMLEZ platform offers customers a highly scalable, secure, and, importantly, verified repository of their carbon outputs and offsets. The TYMLEZ platform operates across three key areas of:

• Guarantee of Origin of raw minerals and resources including green hydrogen and green pig iron;

• ESG Compliance and carbon reporting for emissions reporting and the generation of carbon offset certificates; and

• Smart Energy solutions including microgrids and virtual power plants.

These three pillars provide companies with the solutions that they need to act on their carbon emissions.

Realising the full potential of DLT

It is important when deploying any solution that it provides tangible value to end users and does not impact or introduce new BAU activities. Working with Hedera has allowed TYMLEZ to abstract away the complexities seen with many other distributed ledger technologies and allows customers to focus on the benefits of their new systems.

• Nodes are run by the Hedera Governing Council, which means that companies do not need to purchase and operate their own costly infrastructure;

• Invisible wallets allow TYMLEZ to manage carbon token wallets on behalf of customers, providing a seamless experience for end users;

• TYMLEZ manages all cryptocurrencies on behalf of customers so that they do not need to engage in crypto markets; and

• Hedera is a carbon negative network, which is highly important for customers who are looking to decarbonise across all of their value chains.

The future of TYMLEZ and Hedera

TYMLEZ has been an active participant in the ongoing development of the open-source Guardian, a tool that allows for the creation of carbon emission and offset tokens on the Hedera network. The ESG community on Hedera is set to be one of the largest ESG communities in the distributed ledger space and TYMLEZ is excited to be at the forefront with such a talented group of companies also operating in the space.

TYMLEZ was the recipient of a grant from the HBAR Foundation’s Sustainable Impact Fund, which accelerated the transition from a generation 2 ledger to building and deploying solutions on Hedera. In 2022, TYMLEZ was the first recipient of a grant from the HBAR Foundation to go-live on the Hedera network with a project using the open-source Guardian, an amazing achievement made possible by the Hedera community and development advocate network.

TYMLEZ is excited by its future with Hedera and the amazing possibilities that the network offers both it and its customers.