Hedera Hashgraph’s technology supports Envision Blockchain’s efforts to transform carbon credit management with the support of the United Nations.
At the 2023 United Nations Climate Change Conference (COP28), Envision Blockchain demonstrated a new emissions tracking and carbon credit platform that uses blockchain and artificial intelligence technologies.
The platforms contain search methodologies, comparative project data and upgrade capabilities aligned with reporting standards, with the stated goal of increasing transparency and fostering growth in voluntary carbon markets, the company said.
Key figures such as Massamba Thioye of the UN Climate Change Secretariat praised the move, saying that the UN “recognizes that innovative Web3 solutions are critical to achieving the Sustainable Development Goals.”