United Nations selects HBAR Foundation, Envision for blockchain-based carbon data marketplace
Oh, strap in, crypto aficionados, because it looks like the United Nations is hopping on the blockchain bandwagon. In a collaboration that sounds straight out of a sci-fi flick, the HBAR Foundation has joined forces with the UN, Envision Blockchain, and Swirlds Labs to birth a digitization platform for carbon markets. Move over, centralization—Guardian and Managed Guardian Service are here to revolutionize the carbon game. The HBAR price decided to join the party, doing a little 2.6% dance up to $0.06. I mean, who wouldn't want a slice of that sweet carbon market action? It's like the crypto world just discovered a new favorite flavor, and it's called carbon credits. And guess what? This isn't your run-of-the-mill collaboration; it's at #COP28. You know, the global climate conference where they usually discuss serious stuff like polar ice caps melting, but this time, they decided to sprinkle in some blockchain goodness. Because nothing says "saving the planet" like a decentralized ledger. According to the HBAR Foundation's tweet, they're unveiling upgrades to the Hedera Guardian, which they claim is the "world’s leading platform for digitized and digital measurement, reporting, and verification (#dMRV) for the carbon markets." I don't know about you, but I was totally waiting for a world leader in digitized carbon reporting. Move over, Tesla, there's a new eco-friendly sheriff in town. And of course, the UN is in on the action, aiming to enhance transparency and data accessibility without relying on pesky centralized intermediaries. Because when I think of decentralized technologies, I definitely think of large international organizations. Massamba Thioye, a UN Climate Change bigwig, is thrilled. He says this effort is a "significant step towards streamlining" and "digitizing climate change mitigation methodologies." Who knew that methodologies needed digitizing? But hey, the more digitized, the merrier, right? Wes Geisenberger, Vice President of Sustainability & ESG at the HBAR Foundation (because every crypto project needs a VP of Sustainability, obviously), is talking about groundbreaking search functionality and adding 15 new methodologies to their digitized library. Because when you're saving the planet, you need more than just one way to measure it. So, here's to Guardian and Managed Guardian Service, swooping in to rescue us from the perils of non-digitized carbon markets. The carbon credits on the blockchain—a match made in climate-conscious heaven. Who needs trees when you have HBAR tokens and a digitized methodology library? It's like Mother Nature met Satoshi Nakamoto, and they decided to team up for the greater good. Move over, Al Gore; there's a new climate hero in town.