Blockchain
DeepMarkit Contributes Response to Current Industry Dialogue Regarding Tokenization of Carbon Credits
DeepMarkit Corp., (“DeepMarkit” or the “Company”) (TSXV: MKT) (OTC: MKTDF) (FRA: DEP), a company focused on transitioning the global carbon offset market to the more accessible digital economy by minting credits into non-fungible tokens (“NFTs“), is proactively contributing the following response to the recent industry dialogue surrounding the tokenization of expired, retired or low-quality carbon offset credits, otherwise known as ‘zombie credits’. DeepMarkit applauds and is strongly encouraged by recent discourse and developments around the tokenization of only active, legitimate and validated credits by leading registries. Gold Standard’s and Verra’s comments indicate a positive evolution for the industry and its stakeholders. Registries are the cornerstone of project information and verification, and are essential to maintaining the integrity of the carbon offset market. In addition, the Company’s view remains that the blockchain will play a critical role in transitioning carbon credit markets to the digital economy, with increased transparency, liquidity and utility.
“DeepMarkit is deeply aware of the challenges and issues facing the new ‘crypto-carbon’ space and I am proud of our team’s efforts to identify friction points early in our development cycle. We are proactively and continuously engaging and collaborating with respected industry players, from registries to project developers to carbon credit buyers, in order to address these concerns and have built viable solutions and functionality into our proprietary platform, MintCarbon.io,” said Ranjeet Sundher, Interim CEO.
DeepMarkit is a regulated public company that understands in totality the importance of governance and robust processes, while marrying cutting edge technology with carbon offsets. The Company’s carefully constructed platform and unique approach to tokenization is designed to assure the legitimacy and quality of all associated credits. Many new platforms dedicated to emulating the MintCarbon.io model are focused on commoditizing non-verified or retired carbon credits into tokens of ERC-20 or similar standards. This has led to the tokenization and monetization of a large amount of low-quality or long-dormant projects with marginal environmental utility, which has done a disservice to the industry from a public perception perspective. DeepMarkit reaffirms that it solely tokenizes (ERC-1155) tokens based on active, verified and high-quality carbon credits, thereby allowing purchasers to directly interact and fund legitimate carbon projects on leading registries including Gold Standard and Verra.
NFTs offer a way for carbon offsetting projects to be celebrated, by amplifying the qualitative aspects, impacts and sustainable development goals that their champions have worked hard to achieve. DeepMarkit’s platform, MintCarbon.io, is designed to ensure that the tokenization of carbon credits brings liquidity, transparency and integrity to the carbon offset markets. Accordingly, the Company’s management team looks forward to continuing to contribute to the industry’s dialogue regarding this subject and re-affirms its mission to be a leader in tokenizing only active and high-quality carbon offset credits.
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.
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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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