Hyundai Motor and Kia Corporation have successfully implemented their Supplier CO2 Emission Monitoring System (SCEMS) on the Hedera mainnet, underscoring the network's credibility beyond the Governing Council and highlighting Hedera's robust data accuracy and security.

SCEMS aims to track carbon emissions across the entire supply chain, providing Kia and Hyundai Motor with reliable data on their suppliers' activities, including raw material sourcing, production processes, and product transportation.

According to Seung Hyun Hong, Head of the Materials Research and Engineering Center at Hyundai Motor and Kia, blockchain technology is pivotal in managing carbon emissions and addressing climate change issues. The implementation of SCEMS is expected to usher in a new era of sustainable supply chains within their network, aligning with the companies' goal of reducing their carbon footprint while ensuring the authenticity of connected data. SCEMS incorporates AI technology to monitor carbon emissions effectively.

The combination of AI technology and the robust Hedera network enables Kia, Hyundai Motor, and their partners to comply with environmental regulations and establish sustainable supply chains. SCEMS ensures stakeholders, regulators, and investors have access to accurate data, with targets set to reduce carbon emissions for enhanced effectiveness. The companies' multi-year institutional ESG strategy also contributes to the ecosystem's robust growth.

Hyundai Motor Group is a global corporation with a diversified portfolio spanning logistics, mobility, steel, IT, construction, finance, and services. Its mobility brands, including Kia, Hyundai, and Genesis, employ approximately 250,000 people worldwide.

The HBAR Foundation supports developers building Web3 communities on the Hedera network, providing financial support to empower community development and growth.