HBAR Foundation Partners with United Nations, Envision Blockchain, and Swirlds Labs to Launch New Carbon Market Digitization Platform
HBAR Foundation has collaborated with the United Nations, Envision Blockchain, and Swirlds Labs to introduce Guardian and Managed Guardian Service, a new platform for digitizing carbon markets. This joint product aims to enhance transparency and data accessibility in carbon markets by utilizing Hedera’s blockchain technology and its native token, HBAR.
The UN Climate Change Global Innovation Hub is spearheading this initiative to eliminate the need for a centralized intermediary in the carbon market. By leveraging this solution, they hope to streamline and digitize climate change mitigation methodologies.
This partnership has garnered attention from investors, leading to a 2.6% increase in HBAR price, reaching $0.06 according to CoinGecko.
United Nations Continues Embracing Blockchain Technology
The United Nations has been actively exploring blockchain collaborations. Recently, the United Nations Development Programme (UNDP) announced a partnership with Algorand Foundation to provide blockchain education through the Algorand Blockchain Academy. This initiative will offer recorded lectures and interactive workshops to 22,000 UNDP employees starting in Q1 2024.
Hot Take: United Nations and HBAR Foundation Pave the Way for Sustainable Carbon Markets
The collaboration between HBAR Foundation and the United Nations marks a significant step towards digitizing and streamlining carbon markets. By harnessing blockchain technology, transparency and data accessibility are enhanced while reducing reliance on intermediaries. This innovative approach sets a precedent for sustainable climate change mitigation methodologies.
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