This solution involves deploying IoT sensors and edge devices at key points along the commodity supply chain—from extraction sites to delivery endpoints.

These sensors collect real-time data on carbon emissions associated with each shipment.

The data is then securely transmitted to a blockchain network, ensuring a tamper-proof and verifiable record of carbon intensity at a granular level.

An AI-driven analytics engine processes this data, correlating it with real-time shipment tracking information, which is then visualized through a user-friendly dashboard accessible by all stakeholders in the supply chain.

The platform also provides APIs for seamless integration with enterprise resource planning (ERP) systems and other existing logistics software used by commodity traders and logistics firms.

The SCCIP offers unprecedented granularity in carbon tracking, enabling firms to make data-driven procurement and logistics decisions.

By using blockchain, it assures data authenticity and builds trust among stakeholders, thereby reducing risks of greenwashing and regulatory breaches.

The system's real-time insights help companies capture value from low-carbon options, comply with stringent emissions regulations, and strengthen their ESG reports.

The use of IoT and blockchain technologies is feasible given current tech capabilities but will require careful coordination of hardware deployment and data integration across global supply chains.

While blockchain ensures data security and authenticity, IoT infrastructure may face barriers regarding installation costs and interoperability with existing logistics systems.

There is moderate competition with other carbon tracking initiatives with a growing emphasis on real-time solutions.

Regulatory alignment is crucial, given Europe's tight carbon reporting requirements.