Absolutely. There are many layers when it comes to a solution for that. It's not just blockchain. You'll also add the verifiable credentials I mentioned before, but...essentially, yes. You're solving that problem, because you're essentially keeping an accounting record of what has been produced and consumed.
In the steel industry, for example, the concept is that you're creating a passport for a product. For everything that happens to that product across the value chain, you get a stamp. That stamp could be, “this product had a transformation” or, “this product incurred so much CO2 along the journey”. At the end of the journey, you add all the CO2 stamps and have the actual CO2 emissions per product.
That is different from what we're measuring right now, which is per industrial facility. As a consumer, it doesn't tell me anything. I want to know that what I'm consuming.... What's the impact of that product for my business?