Venom Foundation Partners with UAE Government to Develop National Carbon Credit System

Venom Foundation, a leader in blockchain technology adoption, has signed a Memorandum of Understanding (MOU) with the UAE Government to develop and implement the National Carbon Credit System. This partnership demonstrates the UAE’s commitment to addressing environmental challenges and promoting sustainability. The four strategic objectives outlined in the MOU include reducing emissions, promoting sustainable agriculture, enhancing environmental health, and conserving biodiversity. Venom Foundation will actively participate in achieving these goals.

Industrial Innovation Group’s Dedication to Sustainable Development

Taryam Matar Taryam, CEO of Industrial Innovation Group, expressed their dedication to sustainable development and reducing environmental impact. The group has extensive experience in creating large-scale national registries and managing carbon utilization projects.

Venom’s Vision for a Sustainable Future

Peter Knez, Chair of the Foundation Council at Venom Foundation, emphasized the potential of blockchain technology in driving real-world impact. The partnership with the UAE Government aligns with Venom’s commitment to creating a sustainable future and pioneering solutions for the global climate.

Anticipation for the Successful Launch of the National Carbon Credit System

Both Venom Foundation and the UAE Government are excited for the launch and implementation of the National Carbon Credit System. This historic partnership showcases the potential of blockchain technology in advancing environmental initiatives and building a more sustainable future.

About Venom Foundation

Venom Foundation is a decentralized network licensed by the Abu Dhabi Global Market (ADGM) that drives the advancement of global Web3 projects. As a compliant blockchain, Venom provides a secure environment for investors and financial services firms. It serves as a trusted platform for authorities and enterprises, ensuring regulatory compliance. Venom’s in-house decentralized applications and protocols make it a foundational infrastructure for Web3 applications.

Hot Take

The partnership between Venom Foundation and the UAE Government to develop the National Carbon Credit System is a significant step towards leveraging blockchain technology for environmental sustainability. By actively participating in reducing emissions and promoting sustainable practices, Venom Foundation is demonstrating the real-world impact of blockchain technology in addressing global challenges. This collaboration sets a precedent for other countries to embrace blockchain solutions for a more sustainable future.