Blockchain
Concordium blockchain unveils novel solution to combat greenwashing with the world’s most data-driven carbon offsets
Concordium is proud to raise the bar for carbon credits and announce a partnership with Carbotanix (CTX), one of the most data-driven carbon offsets on the market.
In an effort to restore trust in the offset process by making it data driven and transparent, Carbotanix’s carbon offset token is going to be built entirely on the Concordium blockchain, the world’s first, science-backed blockchain with an ID-layer at the protocol level designed with sustainability and governance in mind.
Developed through remote sensing and continuous monitoring, Carbotanix provides one metric tonne of CO2 offset while Concordium’s identity framework makes it possible for the first time to trace ID back to the source.
This innovative solution, which combines remote sensed data with blockchain technology to ensure a new level of trust, was devised to combat greenwashing practices like double-counted credits, which is essential to achieving net-zero emissions. While global carbon markets grew to $272 billion in 2020, they may still need to grow fiftyfold for companies to meet 2050 net-zero greenhouse gas emissions goals. Concordium’s ID framework guarantees that only verified partners can issue carbon credits thus scaling the market with trust at the very centre.
Additionally, Carbotanix ensures a fair distribution of profits, with 51% staying with the beneficial landowner partner and 20% being reinvested back into reforestation, eco-restoration and expansion.
“Carbotanix team has, after a thorough market due diligence process, chosen Concordium as the right blockchain partner, in order to launch the first in class data validated carbon sequestration units, that will be the golden standard of carbon credits on the blockchain. The Concordium Team has shown excellence in all aspects of the project development process and we feel comfortable to launch the CTX token via the CCD ecosystem,” says Andre Rafnsson, CEO at Carbotanix
“Sustainability has always been a priority for Concordium, from the Proof of Stake consensus mechanism to the programming language, all our choices are always working towards the best practices. Being chosen by one of the most data driven carbon offset on the market is an honour for us,” said Lone Fønss Schrøder, CEO of Concordium.
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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.
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