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.
bybit lucky
Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
-
Blockchain6 days agoBridging Innovation and Regulation: How Yellow Network is Transforming Non-Custodial Trading in a Pro-Crypto Future
-
Blockchain7 days ago
Prosper Adds 7,000 More ASIC Miners from BITMAIN To Drive Tokenization of Hashrate as Multichain RWA ; Targets 170MW Capacity With New Strategic Round
-
Blockchain Press Releases6 days agoHTX Ventures Identifies Five Rapidly-Growing Sectors in 2024, Expects Positive Crypto Regulations Driven by Trump Next Year
-
Blockchain6 days ago
Blocks & Headlines: Today in Blockchain (Reserve Bank of India (RBI), Aethir, Blockchain Center Abu Dhabi, Qubetics, )
-
Blockchain3 days ago
50,000+ Mined Coins and 100,000 New Users: EMCD Summarizes 2024
-
Blockchain7 days agoLoan Brokers Market Opportunities and Strategies Report to 2033 – Loan Brokers Market Poised for Strong Growth, Forecasted to Reach $947.9 Billion by 2033
-
Blockchain5 days agoBuilding Bridges in Crypto: Bybit Sparked Dialogues and Joined Industry Leaders at Bitcoin MENA
-
Blockchain3 days ago
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
