Enterprise blockchain Aventus Network has carbon footprint confirmed as “neutral”

Aventus Network has achieved carbon neutral status.

The company’s blockchain commissioned UK-based Carbon Footprint Ltd to verify its neutral calculation based on the energy data Aventus Network provided regarding the power consumption of its data servers. Carbon Footprint Ltd uses 2022 emission factors developed by the Department for Environment, Food and Rural Affairs (DEFRA) and the Department for Business, Environment & Industrial Strategy (BEIS) for reporting emissions.

The carbon specialist confirmed that the blockchain fully offset the carbon dioxide emissions from energy consumption in the data centers for a total of 20 million transactions from February 2021 to August 2022 by supporting a global portfolio of carbon reduction projects screened by the Verified Carbon Standard (VCS), including wind and solar power generation projects across India, Asia and South America.

Aventus’ energy consumption was only 0.001 kWh per transaction – compared to Ethereum’s energy consumption of more than 238 kWh per transaction (January 2022).

“Blockchain’s enablement of decentralized security can be a great force for good in the world – but there is little point in this if the industry is feeding the increasingly pressing problem of climate change,” said Alan Vey, founder and chairman of Aventus.

“We have long taken our responsibility to ensure that businesses can harness the benefits of blockchain sustainably, demonstrated by our extremely low energy consumption, which we are constantly striving to further reduce.

“Achieving carbon neutrality is not the end goal – it is simply the next step in an eternal quest to achieve maximum impact for businesses with minimal impact on the world. And because transparency is just as important to us, all the documentation that backs up all of our sustainability claims is publicly available on our website.”

Christian Risoli, Environmental Consultant at Carbon Footprint Ltd, added: “Aventus is a leader in the proof-of-stake blockchain market through its commitment to sustainability. By ensuring that Aventus Network’s blockchain servers are carbon neutral, Aventus is not only supporting the global need for renewable energy sources, but paves the way for other blockchain companies, and the industry as a whole, to adopt more sustainable practices.”