Description
Blockchain Energy Savings Consortium (BESC), operating as EPC Blockchain, is a Malaysian company focused on mitigating climate change. It provides a private, permissioned, consortium-based blockchain Platform as a Service (PaaS) for Measurement, Reporting, and Verification (MRV). This platform tracks energy savings, green energy generation, and avoided CO2 emissions, using decentralized storage (IPFS) and smart contracts for data integrity and transaction settlement. BESC facilitates public investment in green initiatives through its Open Green Fund (OGF) crowdfunding platform. It also acts as an aggregator for smaller projects, bundling them to make the certification and sale of carbon credits economically viable. A key initiative is the 'Net Zero Energy Kick Start Programme', designed to help Malaysian businesses achieve net-zero energy status, supported by partners like the Malaysian Green Technology and Climate Change Corporation (MGTC).