Our Solutions

Platinum Star has branched out to other manufacturing and industries to incorporate
their emissions reduction processes into our system. We are able to track and verify
that your greenhouse gas reduction, providing enhanced confidence that your
carbon credits are real and valid.

Blockchain
Blockchain

We have built applications based on Blockchain, a distributed ledger that organizes data into blocks, which are chained together in an append only mode. Our DLT (spell out DLT first time it appears) offerings has several advantages for carbon market infrastructure, especially given the global nature of those markets, the need for immutable records, and the ability to program smart contracts. Similar to other markets that use DLT—such as equity derivatives—DLT and blockchain applications can enhance the functioning of voluntary carbon markets. [What is DLT?]

The quality of carbon credits is based on climate and environmental science. Nevertheless, the inherent transparency of DLT can be useful for end-to-end digital verification of carbon credits to ensure their integrity.

The immutable records and trustworthy decentralized consensus make DLT well suited to monitor the features of a carbon credit throughout the transaction cycle of a carbon project—from project development to credit level issuance, ongoing verification and monitoring, and project retirement. For example, recent innovations have tried pairing physical sensors—such as those used to track the carbon dioxide content in soil for carbon sequestration projects—with DLT based technologies. This technology provides an immutable record and proof of carbon sequestration, giving additional validity to the carbon tokens. In addition, traditional technologies—such as satellite images used to monitor the quality of forests—can supplement DLT, limiting opportunities for fraud.

Furthermore, tokenized credits also can help increase the liquidity of carbon markets because of the ability to fractionalize and trade fungible tokens, which makes the unit size of purchase flexible. Registries and meta-registries—the recordkeeping system for unique carbon credits, their ownership, and their transaction history—represent a second key application of DLT in carbon market infrastructure. Although DLT is not needed to operate such registries, the technology does make such systems more efficient and less prone to manipulation. DLT-based meta-registries can also increase transparency more efficiently than traditional technologies currently in use

Certified Processes
Certified Processes

Our processes complies with global standards for software development and quality management like ISO and IEEE standards. The IEEE develops its standards through a consensus development process, approved by the American National Standards Institute, which brings together volunteers representing varied viewpoints and interests to achieve the final product. Consistently meeting requirements and addressing future needs and expectations is a part of the culture at our organization in an increasingly dynamic and complex environment.

Adhering to a properly-defined methodology enables a project to provide better estimates, deliver stable systems, keep the customer informed, create a clear understanding of the task ahead, and identify pitfalls earlier, allowing for ample time to make adjustments. We’ve found that as our software development methodology has grown and matured, we have become more effective at identifying potential problems before they occur, which has improved both our ability to proactively manage against their occurrence, and develop more effective workarounds for when they do happen.

Beginning a new SDM (Software Development Methodology) process definition initiative by simply conducting a “Lessons Learned” meeting and documenting the pitfalls and shortcomings of a completed project can do wonders for future endeavors with a similar scope. For instance, the review may result in the elimination of steps within the development process that ultimately didn’t provide any value. Performing steps within a process just for the sake of doing it can be a waste of valuable time and effort, and the exclusion of this redundant work may deliver improvements, including the potential of an early system release date or the flexibility to address unplanned issues along the way.

 

Our software
Our software

We have over 25 years of experience in solutioning mobile and web software applications for clients in the Commercial and Federal Government sectors, with innovations and applications for healthcare, clinical research, homeland security, financial services and real estate.

Smart contracts that are linked to sensors that measure a company’s emissions—called internet-of-things (IoT) sensors—can be used to initiate and execute automated carbon offset transactions, either for a firm’s own offsetting needs or for selling carbon neutral products. Execution could occur according to strict quality and process criteria and could increase demand for high-quality offset credits. Although smart contracts and sensor technology are not needed to trigger automated carbon offset purchases, they can be used to reduce the potential for fraud and create transparency on corporate offsetting practices.

Class A (Platinum)

This class requires the use of the PSIPP block chain tracking system for farming activities, and the use
of certified products. Items required in the block chain are:

1. Project location and date start and end
2. Crop type
3. Farm prior application & harvest history (3 years)
4. Soil analysis documentation (pre planting, post harvest)
5. Agronomist prescription
6. Fertilizer and biostimulant purchase orders
7. Use of PSIPP certified biostimulant that has its information on the block chain
8. Application records (dates, rates and tractor application logs)
9. Harvest records (quantity and quality)
10. Third-party certification documentation
11. Any insurance applied to the offsets

Note that there can be more than one application of fertilizer and biostimulant per season. Soil samples are collected before planting and after harvest. Agronomist information will likely be a file of some kind or may be entered by hand. All classes will require an affidavit by the farmer that the information is true and correct, we can discuss if a check box will work or if an actual document  will be needed.

Class B (Diamond)

This class requires the use of the PSIPP block chain tracking system for farming activities, but does
not require the use of certified products. Items required in the block chain are:

1. Project location and date start and end
2. Crop type
3. Farm prior application history (3 years)
4. Soil analysis documentation (pre planting, post harvest)
5. Agronomist prescription
6. Fertilizer and biostimulant purchase orders
7. Fertilizer and biostimulant application records (quantities, location)
8. Harvest records (quantity and quality)
9. Affidavit stating applications of fertilizer and biostimulants were per agronomist prescription
less any reduction in nitrogen applied
10. Any insurance applied to the offsets
11. Third-party certification documentation

Class C (Gold)

Carbon offsets with block chain records not otherwise meeting higher class requirements, but
meeting minimum requirements. Documentation required:

1. Project location and date start and end
2. Crop type
3. Farm prior application history (3 years)
4. Agronomist prescription
5. Fertilization and biostimulant application records
6. Harvest records (quantity and quality)
7. Affidavit stating the information provided is correct and true
8. Any insurance applied to the offsets