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2024 KCP Application
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Noble Profit
Org Type
Undesignated
Project
Company
Financials
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Primary Project Category:
Secondary Project Category:
Carbon Sinks (Natural & Engineered)
Energy
Finance
Social & Cultural Pathways
Transport and Mobility
Project Summary / Description:
There are systemic issues and information gaps that exist around reputation, provenance, and verification leading to self proclaimed information, false claims and fraud; resulting in global regulations shifting to address these gaps with mandated transparency. Claims are unverified and lack transparency. Due to the high cost of reporting and third party verification, quality information is almost inaccessible amid disconnected information that is hard to manage across value chains. BFLO helps businesses, institutions and finance uniformly manage complex information upstream and downstream. BFlo is a transparency solution for SDG, ESG and climate for shared intelligence. BFlo helps users report and track sustainability claims such as SDGs, climate information and ESG factors. We are building a system for third party verification using smart contracts, to enable users to create their own reputation based digital climate credits, verified credentials, and maintain democratized data ownership. BFLO technology is one of the first blockchain solutions helping address transparency and reporting, providing a decentralized data system to help unify disconnected information. For businesses, investors and agencies globally looking for transparency around sustainability, BFlo provides a blockchain protocol, network and decentralized solutions to deliver real-time reporting and trusted third-party verification of SDGs and climate information. Unlike other sustainability systems, BFlo unites disconnected information across value chains and we are designing it to be accessible and actionable via a decentralized network. Noble Profit | BFLO was formed in July 2018.
Regions of Operations:
Southeast Asia
South Asia
East Asia
Central Asia
Middle East
North America
South America
Eastern Europe
Western Europe
East Africa
North Africa
Southern Africa
Central Africa
Oceania
Caribbean
Other Countries
Best Estimate of GHG Avoidance/Reduction of This Project (Tonnes CO2 Equivalent/Year):
Impact on Underrepresented Groups:
Noble Profit is a market information company for sustainability groups, building BFlo for shared intelligence. BFlo technology is a transparency solution to help businesses and investors track and report sustainability claims. BFlo's big vision is to provide shared intelligence around SDG, ESG and climate claims. Today, BFlo offers a transparency solution answering regulatory requirements, helps users report and track sustainability claims such as SDGs, ESGs and climate information, and to do so across value chains helping unifi disconnected information. We are building a system for third party verification using smart contracts to empower others to create their own systems using BFlo technology toward the goals of shared intelligence for reputation based digital climate credits. BFLO helps businesses, institutions and finance uniformly manage complex information upstream and downstream, while providing proof of reputation to incentivize solutions to solving climate change and to de-incentivise negative behavior. BFLO technology uses blockchain for immutability and veracity, offering defensible audit trails. BFlo is one of the first blockchain solutions helping address transparency and reporting. We are building a decentralized commons to connect networks of information and help unify disconnected information across value chains while enabling democratized data, verified credentials tied to digital identity.
Sub-Categories:
Renewables
Nature-based
Agriculture
Methane
Plastics
Built Environment
Energy Efficiency
Restoration
Biodiversity
Energy storage
Rural
Urban
Circular Economy
Oceans
Forests
Waste
Carbon Removal
Electric Transportation
Cooling Solutions
Technology
Advocacy
Biomass
Conservation
Clean Cooking
Environmental justice
Research or Economic Modeling
Measurement, Reporting & Validation
Communications