DevvStream Launches First-Of-Its-Kind Carbon Offset Program Platform (COPP)

A Groundbreaking Blockchain-Based Environmental Project Management Platform

Blockchain-powered platform brings additional transparency, integrity, and accessibility to DevvStream portfolio

VANCOUVER, British Columbia, Oct. 10, 2023 (GLOBE NEWSWIRE) -- DevvStream Holdings Inc. (“DevvStream” or the “Company”) (CBOE: DESG) (OTCQB: DSTRF) (FSE: CQ0), a leading carbon credit project co-development and generation firm specializing in technology-based solutions, today announced the launch of its environmental project management platform, the Carbon Offset Program Platform (COPP). By leveraging the power of blockchain technology to provide a comprehensive and unalterable record of DevvStream’s carbon offset projects, the COPP platform provides a new standard of transparency, integrity, and accessibility to carbon offset projects in DevvStream’s portfolio.

DevvStream’s COPP is a program management tool developed in-house to manage DevvStream’s portfolio of offset programs, including the recently announced Buildings and Facilities Carbon Offset Program (BFCOP). COPP provides comprehensive information about these programs and its participants, methodologies used, and more, making them accessible to the public via Devvio’s blockchain platform. The Company is currently in the development phase of the public interface accessible via the company’s website. The information accessible thanks to COPP will go beyond what the industry, including project developers and registries, has traditionally made accessible to the public, ensuring public trust and credibility to credits generated by DevvStream’s programs.

"With COPP, we are taking a giant leap towards restoring faith in the carbon offset sector," said Sunny Trinh, CEO of DevvStream. "Transparency is the cornerstone of environmental integrity, and every individual should have the ability to scrutinize the impact of individual carbon offset projects and assess the quality of the credits generated. With that in mind, our new platform provides unprecedented comparability and transparency to help organizations meet their net zero goals in a measurable and accountable way. The use of blockchain technology to make relevant project data available is representative of DevvStream’s commitment to leveraging technology to accelerate decarbonization around the globe. Our co-development projects meet the highest standards when it comes to environmental integrity, and this platform will provide customers and market participants with the assurance they need to invest in resulting carbon credits with confidence.”