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.
Blockchain
39% of Canada’s institutional investors have exposure to crypto: KPMG
According to a report from CoinTelegraph, nearly forty percent of institutional investors in Canada have exposure to cryptocurrency, as revealed by KPMG. This finding underscores the growing acceptance and adoption of digital assets among institutional investors in the country.
The report indicates that a significant portion of institutional investors in Canada are actively investing in or exploring opportunities in the cryptocurrency market. This trend reflects a shift in sentiment towards digital assets, with more investors recognizing the potential for long-term growth and diversification offered by cryptocurrencies.
KPMG’s findings highlight the increasing mainstream acceptance of cryptocurrencies among traditional investors, as well as the growing interest in blockchain technology and its potential applications across various industries. As institutional investors continue to enter the cryptocurrency market, they are expected to bring additional capital and liquidity, further fueling the growth and maturation of the digital asset ecosystem.
Overall, KPMG’s report signals a significant milestone in the adoption of cryptocurrencies in Canada, indicating that institutional investors are increasingly recognizing the value proposition of digital assets and integrating them into their investment portfolios. This trend is likely to accelerate the broader adoption and mainstream acceptance of cryptocurrencies in the country and beyond.
Source: cointelegraph.com
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Blockchain
BounceBit (BB) Megadrop Now Open: Participate by Subscribing to BNB Locked Products or Completing Web3 Quests
The BounceBit (BB) Megadrop is now open for participation, as announced by Blockchain.News. This event presents an exciting opportunity for users to earn BB tokens by engaging in various activities, including subscribing to BNB locked products and completing Web3 quests.
Participants can join the BB Megadrop by subscribing to BNB locked products or completing Web3 quests, both of which offer different avenues for earning BB tokens. By participating in these activities, users have the chance to accumulate BB tokens and potentially benefit from the rewards associated with the Megadrop.
Subscribing to BNB locked products allows users to earn BB tokens by locking their BNB assets for a specified period. This not only provides users with an opportunity to earn rewards but also contributes to the liquidity and stability of the BounceBit ecosystem.
Additionally, completing Web3 quests offers users an alternative way to earn BB tokens by engaging in various tasks and challenges related to Web3 technology. These quests provide users with a fun and interactive way to learn about blockchain and cryptocurrency while earning rewards in the form of BB tokens.
Overall, the BB Megadrop presents an exciting opportunity for users to participate in the BounceBit ecosystem and earn rewards by engaging in activities that contribute to the growth and development of the platform. As the Megadrop progresses, participants can look forward to additional opportunities to earn BB tokens and potentially benefit from the rewards associated with this event.
Source: blockchain.news
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Blockchain
Cronos collaborates with KYVE to revolutionize Blockchain Data
Cronos, a prominent blockchain platform, has announced a collaboration with KYVE aimed at revolutionizing blockchain data, as reported by CryptoNewsZ. This partnership represents a significant step forward in enhancing the efficiency and scalability of blockchain data storage and retrieval.
The collaboration between Cronos and KYVE seeks to leverage KYVE’s decentralized data storage and retrieval solution to enhance the capabilities of the Cronos blockchain platform. By integrating KYVE’s technology, Cronos aims to address the challenges associated with storing and accessing large volumes of data on the blockchain, such as scalability and cost-effectiveness.
KYVE’s decentralized data storage solution utilizes a network of distributed nodes to store and retrieve data, ensuring high availability and reliability. This approach not only improves the efficiency of data storage and retrieval but also enhances the security and resilience of the blockchain network.
The partnership between Cronos and KYVE is expected to unlock new possibilities for decentralized applications (dApps) and smart contracts built on the Cronos platform. By providing a more efficient and scalable solution for blockchain data management, Cronos aims to attract developers and enterprises seeking to leverage blockchain technology for a wide range of applications.
Overall, the collaboration between Cronos and KYVE represents a significant development in the blockchain industry, highlighting the importance of innovation and collaboration in driving the evolution of decentralized technologies. As the partnership progresses, it is poised to deliver transformative benefits for blockchain data management and accelerate the adoption of decentralized applications and services.
Source: cryptonewsz.com
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