Envision Joins Hands With HBAR Foundation in Latest Move to Digitize Carbon Markets Web3 development protocol Envision Blockchain Solutions has partnered with the
HBAR Foundation to create a blockchain-centric system for handling the carbon markets. The collaboration, announced in a press release on December 4,
aligns with Envision Blockchain’s commitment to innovative enhancements within its open Guardian framework.
Formalized during the United Nations Climate Change Conference
(COP28), the partnership
will see Envision and the HBAR Foundation collaborate on a new open-sourced Managed Guardian Service (MGS) platform. Providing more details on this,
the Web3 development solution firm said the MGS platform would solely focus on creating a state-of-the-art digitized and digital measurement, reporting, and verification (dMRV) framework
for the carbon markets. Envision noted that the MGS platform
and the UN Climate Change Global Innovation Hub signify a new turn in the carbon markets space. The platform will be powered by Hedera Hashgraph’s distributed ledger technology (DLT) and its native coin, the HBAR asset, aiming to revolutionize the approach to addressing global
climate change concerns.
