Blockchain
Net Zero Markets to launch Global Carbon Emission Reduction contract with EEX and ACX
Net Zero Markets, a company dedicated to developing risk management, trading and investment products in the global environmental markets space, has signed agreements with the European Energy Exchange (EEX) and AirCarbon Exchange (ACX) to list the Global Emission Reduction (GER)®, Net Zero Market’s flagship contract – an innovative approach to address the pain points of the Voluntary Carbon Market (VCM).[1] The agreements with EEX – a leading exchange for carbon compliance schemes worldwide – and ACX – a pioneer in the VCM space, headquartered in Singapore – make the GER accessible across multiple time zones to global Voluntary Carbon Market (VCM) participants.
Thanks to the product’s innovative design, it will be appropriate for use by offsetters, offset retailers, project developers, investors and the wider trading community. Net Zero Markets believes widespread availability and use is critical to enable the increased liquidity necessary for the VCM to scale, ultimately supporting Net Zero targets.
The GER is built on the foundation of existing standards with appropriate overlays and innovative features that align with a path to Net Zero. The company expects the GER to be progressively listed on the exchanges and commence trading early in 2022.
Louis Redshaw, CEO of Net Zero Markets: “We are delighted to be working with EEX and AirCarbon on the launch of the GER. We have developed this product in conjunction with industry participants and believe its unique and innovative design will achieve the key goals of promoting liquidity and transparency to ensure funding flows to the projects that are needed to meet Net Zero.
While well-meaning companies have bought and retired carbon offsets to play their part towards achieving Net Zero, many more are either confused and put off by the complexity of the market or have found later down the line that their offsets are not as effective as they had been led to believe.
This has created a dynamic where companies and other offsetters need to become experts in the carbon markets to be able to do the right thing. Net Zero Markets firmly believes that this is a prime reason why the VCM has not reached its full potential. Consumers shouldn’t need to be experts. If effective offsetting and removal is to happen at scale, buyers need to have confidence and the products need to be simple and transparently priced. The GER is designed to deliver all of these things in line with the recommendations of the Task Force for Scaling the Voluntary Carbon Markets.[2] It is the perfect antidote to further fragmentation of the market.”
William Pazos, Managing Director of AirCarbon Exchange: “We are extremely excited to be working with the industry leading team at Net Zero Markets. Their wealth of experience in commoditizing emissions markets, coupled with our position as a leader in bringing commodity infrastructure to the carbon markets, has been instrumental in formulating the GER.
The process of creating the underlying spot GER architecture on ACX has been developed over a full year. We are now poised to deliver to the market a simple and elegant solution to the current pursuit of a core carbon contract. While many are trying to legislate a core contract, the GER creates this by delivering a broad-based solution in one contract.”
Tobias Paulun, Chief Strategy Officer of European Energy Exchange: “The voluntary carbon market can play a strategic role to achieve the Paris Agreement, complementing mandatory carbon pricing mechanisms. I am confident the GER represents the innovation that is needed and expected in the Voluntary Carbon Markets.
The GER is planned to be offered alongside our existing products for carbon compliance markets in Europe at EEX but also in North America at Nodal Exchange, thus making them accessible to our global trading community.
An integrated offering for carbon markets, with both Spot and Futures instruments available, is key to bring the necessary liquidity to the market and scale up the VCM. We are excited to build this new market, together with our partners at NZM and ACX, but also with our customers.”
Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
Building Customer Trust in AI with Blockchain
Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.
Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.
Source: Harvard Business Review
Blockchain at a Crossroads: Balancing Promise and Peril
As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.
The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.
Source: Cointelegraph
BRICS vs. USD: Blockchain’s Role in Economic Shifts
The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.
This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.
Source: CoinGeek
Hungri Games Expands MetaHorse Unity to Base Blockchain
Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.
By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.
Source: CoinTrust
Nano Labs Purchases Trump Tokens to Celebrate Presidency
Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.
The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.
Source: PRNewswire
Final Thoughts: Blockchain’s Expanding Horizons
This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.
While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.
The post Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity) appeared first on News, Events, Advertising Options.
Blockchain
CoreNest Capital Announces Strategic Investments in SpaceX, CTGT, Open Clinic, Asha Health, CollectWise, Curo, Hybrd, and Study Dojo
OpenAI, xAI, SpaceX, Weave Robotics, Blaze Payments, Domu AI, Phonely AI, Andromeda Surgical, Texture Capital, Artisan AI, Piramidal,Avatar Medical, OpenCall, Fleak AI, Algorized, itsElectric, Dili, CTGT, Open Clinic, Asha Health, CollectWise, Curo, Hybrd, Study Dojo, Sologenic, Coreum, Pulsara
Blockchain
The World Market for RegTech 2025-2030: Growth Trends, Industry Chain Analysis, Regional Insights, SWOT Analysis and Market Shares of Leading Players – Thomson Reuters, Deloitte, PwC, Accenture, IBM & More
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