As global carbon neutrality goals become increasingly clear, the petroleum industry faces mounting environmental pressures and compliance challenges. PLS (Petroleum Ledger System), while advancing the digital transformation of the oil sector, has taken the lead in introducing modules for on-chain carbon asset management and ESG green certification, injecting new momentum for sustainable development into the traditional energy industry.
The PLS platform leverages blockchain to record refinery emissions, carbon footprints across transportation stages, and the proportion of clean energy utilization, while generating on-chain ESG green certificates. These certificates not only possess authenticity and immutability but can also be converted into tradable carbon credit assets, enabling enterprises to achieve financing and compliance transactions in the global carbon market.
On the compliance side, PLS adopts Decentralized Identity (DID), multi-signature mechanisms, and KYC/AML verification to ensure the legality of cross-border oil trade across different jurisdictions. In addition, the platform features a traceable auditing mechanism, providing transparent data interfaces for government regulators, third-party auditors, and environmental organizations, thereby enhancing compliance and transparency within the industry.
Looking ahead, PLS aims to bring together oil companies, logistics providers, refineries, and regulators into an industry DAO governance alliance, where collaborative decision-making is achieved through on-chain voting mechanisms. This approach enables cooperative governance and green development in the energy sector. PLS is not only a tool for the digital assetization of petroleum but also a critical infrastructure driving the transparency, decarbonization, and compliance of the global energy industry.
