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FCE Group 2022 Annual Report

2022 was a challenging year for everyone, especially for the blockchain industry. However, the FCE team has continued to work on projects as they will help with some acute problems, including supply chain disruptions, sustainability failure, and lack of trust in business practices.
FCE Group 2022 Annual Report
FCE Group 2022 Annual Report
The FCE Group CEO continues to attend and speak at key public events
The FCE Group CEO continues to attend and speak at key public events
The team is developing tokenization and traceability solutions for businesses
The team is developing tokenization and traceability solutions for businesses
FCE team is developing tools for business sustainability self-assessment using advanced methodologies
FCE team is developing tools for business sustainability self-assessment using advanced methodologies
TransparenTerra will launch in 2023 and provide a platform for sustainable and trusted business development
TransparenTerra will launch in 2023 and provide a platform for sustainable and trusted business development
The FCE Blockchain test network has been launched in December 2022
The FCE Blockchain test network has been launched in December 2022
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In this report, we've compiled the latest accomplishments and news regarding project public engagement, blockchain technical developments, and TransparenTerra project development, as well as the team's plans and milestones for 2023.
Public engagement and speeches
The CEO of FCE Group AG continued to cover blockchain and tokenization. He spoke at the BAGS flagship technical working group meeting, the Agricultural Grain and Services (BAGS) efficiency meeting, and delivered the keynote address at the international 2nd Annual Dairy 4.0 Summit.
TransparenTerra. New partnerships and services
Last year, the FCE team began working on the implementation of the TransparenTerra project. The platform bringing together sustainable businesses, ESG experts, investors, and responsible buyers is getting ready to launch in the alpha version in 2023. Over the past months, the project has gained a number of key partnerships and advanced technically.
Carbon credits infrastructure
TransparenTerra is building an infrastructure that makes the voluntary carbon market massive and affordable for startups and SMEs. Next year, the team plans to develop a user-friendly tokenization tool to make offsetting widely available.

TransparenTerra has cooperated with South Pole, the global climate consultant. The company has also joined the Carbon Trade Exchange (CTX), an international carbon credit exchange, and is already working with the BioCarbon Registry, an offset projects certification body.

All blockchain transactions on TransparenTerra will be fully offset since the FCE Blockchain is based on the offsetting of each transaction.


TT.ESG Calculators
The core concept of the platform is measurable and verifiable sustainability. Professional services to calculate and offset carbon footprint are very expensive and time consuming to evaluate and consult. Companies and individuals who join the platform will be able to calculate and offset their carbon footprint more time-efficiently.

The team is implementing four environmental impact calculators, which will soon be available on the platform: TT.Local, TT.Global, TT.Carbon and South Pole TT.

TT.Local is based on Refinitiv's open-source methodology. With this solution, companies on TransparenTerra can compare their ESG level with other companies on the platform.


TT.Global is based on S&P Global Market Intelligence methodology and database. This service compares companies to the ESG of global public companies.

TT.Carbon is based on UK government conversion rates for companies reporting greenhouse gas emissions. This service can be used to track a company's carbon dioxide emissions and the footprint of the product or packaging produced. This data can be used to label, offset and build transparent relationships with partners, investors, and customers.

South Pole TT calculator is offered as an optional extra for individuals and is designed by South Pole.
The FCE Group CEO continues to attend and speak at key public events
The FCE Group CEO continues to attend and speak at key public events
The team is developing tokenization and traceability solutions for businesses
The team is developing tokenization and traceability solutions for businesses
FCE team is developing tools for business sustainability self-assessment using advanced methodologies
FCE team is developing tools for business sustainability self-assessment using advanced methodologies
TT Market
The team is now working on creating a business environment for investors and experts and on a sustainable TT Market.

TT.Market provides seamless interaction between sellers and buyers, bridging the gap and synchronizing different technologies that are ideal for every stage of successful trading. The service combines a number of solutions in three areas: sustainability measurement and monitoring, traceability management, and secure business communication:

ESG

  • Calculating the carbon footprint of product and packaging.

  • Displaying the ESG rating of companies on the platform.


  • Traceability

  • Automatic regulatory compliance traceability.

  • Tokenization of products and assets of companies and their partners to track every step in the supply chain.


  • Digital business communication

  • Digital workflow directly on the platform with collaborative editing, signing, and a library of contract templates.

  • One-click notarization of documents and certificates in FCE.

  • Secure video chat and text chat to optimize conversations with encryption and the ability to manage communication history.


  • The TT community will have access to all TT.Market tools as early as next year. Companies registering on the platform will go through the KYB process through a third-party provider to ensure full business transparency on the platform. A trusted and verified environment will make it easier for sustainable companies to find investments.

    Customizable solutions
    All businesses, regardless of size, can be audited here and learn about their environmental footprint and how they can make their practices more sustainable. Secure document management, tokenization, and supply chain traceability solutions can also be built in separately.
    Blockchain development. Progress, concept, and targets
    According to the roadmap, FOOD will be implemented in the FCEM swap in 2023.

    By the end of 2022, the team has l launched a test network of the FCE Blockchain based on Consensys' solution – Quorum. This will be a private blockchain with a PoA consensus mechanism. Only the users and companies that have gone through the KYC/KYB embedded identity process have access to the FCE Blockchain. FCE GROUP AG builds its line with all current regulatory trends in the industry.

    The only fee a user will have to pay to use the network is to redeem their carbon footprint. This mechanism is based on tokenized carbon credits provided by project partner South Pole and is included by default in every transaction on the network. For each transaction in the FCE Blockchain, the user receives a token as a part of the tokenized offset certificate in the form of a Soulbound token in their wallets. This is how FCE creates a net-zero ecosystem.

    Early 2023 year, the team will publish a document detailing how this system works.

    Supply chain traceability documentation will also be developed.
    Pilot projects for 2023. FCE development testing
    In 2023, the FCE team plans to launch a pilot project in Nigeria. Preparations for funding this complex international project are already underway.

    Next year, the team also plans to launch a pilot project using the FCE supply chain traceability service. Once the pilot is completed, it'll be available as a separate service for companies.
    Bottom line
    FCE has become a diverse and important project, part of key partnerships and agreements. In a changing world and challenging circumstances, the project continues to work to create a technological environment for trusted and sustainable businesses.
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