Sponsored Feature: Infosys
HOW TO USE SAFc TO SHARPEN YOUR COMPETITIVE EDGE The Infosys Cobalt Airline Cloud (ICAC) platform can help airlines with the complexities surrounding SAF certification.
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ustainable aviation fuels (SAF) are a critical element of the aviation sector’s goal to achieve net zero carbon dioxide emissions by 2050. SAF are produced from different feedstocks, each with its own environmental attributes. Accredited agencies certify SAF using a “mass balance” system under which the environmental attributes remain attached to the physical fuel. Stakeholders in the aviation ecosystem are working to boost SAF supplies, upgrade airport infrastructure to handle SAF, and work with regulators and tax authorities to reap the incentives of using SAF. SAF certificates (SAFc) and the Book and Claim systems, are expected to accelerate SAF adoption and provide a new avenue to offset emissions, and also claim the tax rebates. Airlines need to act now to ensure they are ready to benefit.
The SAFc marketplace is expected to be a game-changer An evolving marketplace promises to promote SAF adoption by reducing costs and incentivising participants. The SAFc marketplace comprises a SAF registry, certifying authorities, SAF producers, blenders, traders and SAF buyers (airlines). SAF producers are issued digital SAFc that include information about the feedstock, production facility, environmental attributes, and so forth. Because they separate environmental attributes from the physical SAF, SAFc can be traded. A book
Airlines 2024 – 01
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“An evolving marketplace promises to promote SAF adoption by reducing costs and incentivising participants” and claim model allows airlines to buy SAFc from different sources like blenders and traders, apart from the producers/ refiners. This will help offset Scope 1/ Scope 3 emissions.
Cloud and blockchain technologies can help airlines benefit from SAFc while also improving operational performance and the customer experience Blockchain technologies are inherently suited to build SAFc marketplaces as well as the stakeholder-specific systems with which they must integrate. Blockchain-based SAFc solutions deliver several benefits: • Robust governance-holistic, on-demand
Kumar Paramasivam VP and Global Head—Travel & Hospitality, Professional Services and Enterprise Sustainability, Infosys
K.A. Raghavendra VP and Service Offerings Head—Engineering, Enterprise Sustainability and Blockchain, Infosys
Anil Kumar Burra Lead Consultant—Blockchain Professional, Infosys
view of the entire ecosystem; single version of the truth where data is not owned or controlled by any party. • Tamper-proof generation and transmission of SAFc in the form of Fungible Tokens. • Reduced risk of cyberthreats. • Allow SAFc tokens to be used by intermediaries such as blenders who can create fractional tokens akin to Bitcoin fractions. Allow future SAF oil traders to claim ownership of the ‘stock’ in virtual capacity and then hold/resell, with full lineage of ownership. • Automated issuance, trading, and retirement of SAFc. • Support for multiple SAFc standards. • Real-time traceability and audit trails
airlines.iata.org
19/02/2024 12:23