Gevo and Blocksize Capital Developing Blockchain Technology for Tracking Sustainability of Renewable Products
November 05 2019 - 7:30AM
Gevo, Inc. (NASDAQ: GEVO) a leading renewable fuels and chemicals
manufacturer, announced today it has signed a Development Agreement
with Blocksize Capital, a Leading Distributed Ledger Technology
(DLT, commonly referred to as “Blockchain”) company based in
Germany.
Originally developed as an underlying branch of the blockchain
technology, DLT is an immutable tool that allows tracking of data
with a product and the transactions associated with the product.
Gevo and Blocksize discovered that it is possible to attach the key
metrics for sustainability to gallons of fuel, and therefore enable
a “sustainability” assurance that has not yet been seen. The data
associated with certain key metrics for measuring sustainability
are suitable for being digitized through blockchain and could lead
to tokenization or those attributes.
“For years, we have been tracking the sustainability of the
farms, and their farming practices, that supply products to our
facilities, and we need to continue to do so as we expand. We also
track the amount and type of energy used in the production of our
products. An end user who buys fuel should be able to simply access
the data and know where those gallons originated and what the
sustainability profile looks like,” stated Patrick Gruber, Chief
Executive Officer of Gevo. “One of the key principles of
sustainability is to ‘measure, then improve’. DLT will enable
us to sort out what truly is valuable in the end market, assigning
the correct value to it, and then set up market mechanisms to share
value upstream in the value chain. We want to create a system that
rewards the value chain for improving its sustainability. Done
right, we should be able to bring some of that value back to the
farmer creating rewards for managing sustainability in agriculture.
Obviously we’ll target our ethanol, isobutanol, isooctane, and jet
fuel first, but this type of tokenization system could be applied
to protein and feed, as well as chemicals, and food production too.
It isn’t lost on us that this type of Blockchain technology has
enormous potential beyond Gevo and its business system. A DLT-based
system like the one we are developing with Blocksize is suitable
for any type of business that needs to track sustainability
attributes using agriculture or forestry to generate raw materials
for the production of food, chemicals, feed, and fuels.”
“According to the Stanford Study ‘BLOCKCHAIN FOR SOCIAL IMPACT
2019’ Agriculture is one of the essential areas of impact with
several use cases for DLT-based applications. This is because DLT
offers plenty of opportunities to track sustainability attributes
across the value chain in a more efficient manner, since it has the
potential to avoid any “playing of games” related to the key
metrics. Making the first step towards building an ecosystem based
on DLT for these business systems, opens the door to tokenize the
attributes and make them accessible to a broader audience. Very low
carbon or net zero-emission renewable fuels are a good place to
start the development of these types of software and tools. There
is a new financial market developing, and Blocksize Capital, in
coordination with micobo as the services provider for the
tokenization, is leading the industry in the construction of a
liquid and transparent digital assets´ market with a broader
investment base. Hence, the potential of the application beyond
Gevo’s business system is enormous. We are beyond excited to be the
trusted partner to lead the path and open new opportunities for
these businesses, along with such a forward-thinking organization
as Gevo” stated, Christoph Impekoven, Founder & Managing
Director of Blocksize Capital GmbH
About Gevo
Gevo is a next generation “low-carbon” fuel company focused on
the development and commercialization of renewable alternatives to
petroleum-based products. Low-carbon fuels reduce the carbon
intensity, or the level of greenhouse gas emissions, compared to
standard fossil-based fuels across their lifecycle. The most common
low-carbon fuels are renewable fuels. Gevo is focused on the
development and production of mainstream fuels like gasoline and
jet fuel using renewable feedstocks that have the potential to
lower greenhouse gas emissions at a meaningful scale and enhance
agricultural production, including food and other related products.
In addition to serving the low-carbon fuel markets, through Gevo’s
technology, Gevo can also serve markets for the production of
chemical intermediate products for solvents, plastics, and building
block chemicals. Learn more at our website: www.gevo.com
About Blocksize Capital
GmbH
Blocksize Capital is one of the leading software and
infrastructure service provider for the analysis, management, and
trading of digital assets and tokens. Collaborating with micobo, a
financial technology provider for tokenization of assets, it is one
of the principal financial players in the digital asset´s market,
covering the whole value chain with a broad offer of professional
services and white label solutions.
In addition to aggregated and quality-assured price data, the
company also supplies software solutions for efficient and legally
compliant trading and analysis as well as professional services
related to digital assets for several international and
cross-industry enterprises. Learn more at our website:
www.blocksize-capital.com
Forward-Looking Statements
Certain statements in this press release may
constitute "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. These
forward-looking statements relate to a variety of matters,
including, without limitation, statements related to the agreement
between Gevo and Blocksize Capital, including Gevo’s ability to
execute on measuring sustainability in its operations and products
and its ability to create value therefrom and other statements that
are not purely statements of historical fact. These forward-looking
statements are made on the basis of the current beliefs,
expectations and assumptions of the management of Gevo and are
subject to significant risks and uncertainty. Investors are
cautioned not to place undue reliance on any such forward-looking
statements. All such forward-looking statements speak only as of
the date they are made, and Gevo undertakes no obligation to update
or revise these statements, whether as a result of new information,
future events or otherwise. Although Gevo believes that the
expectations reflected in these forward-looking statements are
reasonable, these statements involve many risks and uncertainties
that may cause actual results to differ materially from what may be
expressed or implied in these forward-looking statements. For a
further discussion of risks and uncertainties that could cause
actual results to differ from those expressed in these
forward-looking statements, as well as risks relating to the
business of Gevo in general, see the risk disclosures in the Annual
Report on Form 10-K of Gevo for the year ended December 31, 2018,
and in subsequent reports on Forms 10-Q and 8-K and other filings
made with the U.S. Securities and Exchange Commission by Gevo.
Investor and Media Contact Shawn M.
Severson Integra Investor Relations +1 415-226-7747
info@integra-ir.com
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