Noviqtech Harnesses AI and Distributed Ledger Technology to Meet New Environmental Reporting Rules

Small Caps
Aug 12

With companies under increasing pressure from customers, regulators and investors to accurately track materials in real time and prove their origin and source, Sydney-based NoviqTech (ASX: NVQ) is developing sustainable solutions with measurable impacts that clearly and reliably report supply chain data.

The company’s flagship products Carbon Central and NoviqAI are used across the green fuels, manufacturing and recycling sectors to meet reporting rules and verify sustainability claims.

Digital Twin Platform

Carbon Central is a digital twin platform which allows real-time tracking of materials such as rare earth elements, antimony, glycol and sustainable aviation fuel.

It verifies and tokenises emissions from these materials and automates carbon calculations, reporting and compliance.

The platform integrates with Internet of Things (IoT) devices and meter readings for real-time validation and uses Hedera-powered tokenisation to create immutable carbon records, supporting industry standards for carbon management and Guarantee of Origin certificates.

Blockchain-Backed Tracking

NoviqAI is used for end-to-end supply chain traceability, providing consumer visibility into product journeys and AI-driven insights to enhance data accuracy and validation.

It offers blockchain-backed secure, tamper-proof tracking for trust and transparency and can integrate with Carbon Central for next-gen digital twin capabilities.

Carbon Central Clients

Earlier this year, NoviqTech partnered with Global Resource Recovery to mint Proof of Sustainability certificates for glycol recycled by a major Australian LNG operator.

Each kilolitre of glycol processed is recorded on blockchain using Carbon Central to provide real-time auditability and high-quality proof of sustainability claims.

More recently, NoviqTech commenced a project with Livium (ASX: LIT) which uses Carbon Central to support the tokenisation of environmental benefits from Livium’s advanced battery recycling operations.

Replacing Current Solutions

Chief executive officer Freddy El Turk said the company’s AI-driven carbon tokenisation tools would replace current solutions which are fragmented, and lacking in transparency and trust.

“Existing carbon and sustainability tools are siloed and inconsistent and there is a lack of interoperability across supply chains and reporting platforms—this makes it difficult for businesses to prove the origin and impact of offsets or green fuels and opens the door to greenwashing claims,” he said.

“NoviqTech provides platforms that ensure trust, traceability and compliance and by integrating our new subsidiary Quantum Intelligence (QI), we empower businesses to optimise sustainability performance, anticipate regulatory risks and unlock deeper insights across complex value chains.”

QI Subsidiary

The company’s QI subsidiary is developing tools designed to accelerate data processing, reduce administrative tasks and create tamper-proof records of business activities.

It aims to redefine enterprise performance through AI and blockchain technologies and can accelerate hybrid quantum computing by up to 10 times, allowing for high-performance workflows.

QI is the world’s first hybrid quantum solution to meet increasing global demand for AI automation and quantum-powered performance.

It sits within a quantum computing market forecast to exceed $7.3 billion by 2030, as enterprises seek faster AI infrastructure and secure data solutions.

Endless Opportunities

Mr El Turk believed there were endless opportunities for the application of NoviqTech’s solutions.

“Companies in new energies are turning to carbon tracking and tokenisation to meet evolving regulatory requirements and we can enable these businesses to verify their carbon footprints and product origins,” he said.

“Sustainable aviation fuel is also a key growth driver which is projected to account for over 65% of aviation decarbonisation by 2050 [and] Carbon Central’s traceability tools are already being piloted in SAF Book & Claim frameworks.”

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