Venom Foundation Collaborates with UAE Government to Introduce Innovative National Carbon Credit System

Venom Foundation Collaborates with UAE Government to Introduce Innovative National Carbon Credit System

Introduction:

Venom Foundation, a leader in blockchain technology adoption, is pleased to announce its partnership with the UAE Government to develop and implement the National Carbon Credit System. This collaboration signifies the UAE’s commitment to using blockchain technology to address environmental challenges and promote sustainability on a national scale. By leveraging Venom’s next-generation blockchain technology, the UAE aims to reduce carbon emissions by 40% by 2030. The Memorandum of Understanding outlines strategic objectives, including reducing emissions, promoting sustainable agriculture, enhancing environmental health, and conserving biodiversity. Venom’s carbon-neutral blockchain technology will play a crucial role in realizing these goals. This partnership exemplifies the potential of blockchain technology in advancing environmental initiatives and building a sustainable future.

Full Article: Venom Foundation Collaborates with UAE Government to Introduce Innovative National Carbon Credit System

Venom Foundation Collaborates with UAE Government to Establish National Carbon Credit System

Abu Dhabi, UAE – Venom Foundation, a renowned proponent of blockchain technology adoption in regulated markets, is excited to announce a groundbreaking partnership with the UAE Government to develop and implement the National Carbon Credit System. This significant collaboration aims to leverage blockchain technology to address environmental issues and promote sustainability on a national scale.

A Step Towards Environmental Sustainability

The partnership between Venom Foundation and the UAE Government underscores the nation’s commitment to enhancing transparency, reliability, and efficiency in carbon emission management. The utilization of Venom’s advanced blockchain technology will assist in achieving the ambitious goal of reducing carbon emissions by 40% by 2030. Notably, the Venom blockchain itself is carbon neutral, further supporting sustainable practices.

Strategic Objectives Outlined in MOU

The Memorandum of Understanding (MoU) signed between the Ministry of Climate Change and Environment (MCCE), the Industrial Innovation Group, and Venom Foundation outlines four key objectives: reducing emissions, promoting sustainable agriculture, enhancing environmental health, and conserving biodiversity. Venom Foundation will play an active role in realizing these objectives and contributing to a greener future.

Supporting Sustainable Development Goals

Taryam Matar Taryam, CEO of Industrial Innovation Group, expressed their commitment to sustainable development and the creation of the UAE’s first National Carbon Credit Registry System. The Industrial Innovation Group has a wealth of experience in developing national registries, conceptualizing carbon removal initiatives, and effectively managing carbon utilization projects. By partnering with Venom, they aim to reduce environmental impact and support global climate change efforts.

Driving Real-World Impact

Peter Knez, Chair of the Foundation Council at Venom Foundation, conveyed his excitement and honor in collaborating with the UAE Government to establish the National Carbon Credit System. He believes that blockchain technology has the potential to drive tangible impact, and this partnership exemplifies that vision. Together, they aim to create a sustainable future and pioneer solutions that positively influence the global climate.

Venom Foundation’s Unique Advantages

Venom Foundation prides itself on its groundbreaking technology, strict regulatory compliance, and secure platform that caters to diverse use cases. Their success stems from a scalable and secure platform that adheres to regulatory requirements, making it a trusted platform for authorities and enterprises.

A Promising Future

As the Memorandum of Understanding between Venom Foundation and the UAE Government takes effect, both entities eagerly anticipate the successful launch and implementation of the National Carbon Credit System. This historic collaboration showcases the potential of blockchain technology in advancing environmental initiatives and underscores the commitment to building a more sustainable and eco-friendly future.

About Venom Foundation

Venom Foundation is a decentralized network licensed by the Abu Dhabi Global Market (ADGM) that spearheads the advancement of global Web3 projects. As the world’s first compliant blockchain, Venom offers a secure environment for investors and financial services firms to build, innovate, and expand. Under the jurisdiction of the ADGM, Venom ensures compliance with regulatory requirements and serves as a trusted platform for authorities and enterprises.

Enhancing Capabilities through In-House Applications

Venom Foundation has developed a range of in-house decentralized applications (dApps) and protocols on its blockchain to enhance its capabilities. With features such as dynamic sharding, low fees, high-speed transactions, and scalability, Venom has the potential to serve as the foundational infrastructure for a thriving global ecosystem of Web3 applications. Its exceptional transaction speeds and limitless scalability enable it to meet the evolving needs of its rapidly growing user base.

In Conclusion

The partnership between Venom Foundation and the UAE Government marks a significant milestone in addressing environmental challenges and promoting sustainability in the UAE. Through the implementation of the National Carbon Credit System and the utilization of Venom’s advanced blockchain technology, the UAE is poised to make significant progress in its carbon reduction goals and pave the way for a more sustainable future.

Disclaimer: This article is not a financial promotion.

Contact:
Jonathan
pr@venomtech.io

The post Venom Foundation Partners with the UAE Government to Launch National Carbon Credit System appeared first on Analytics Insight.

Summary: Venom Foundation Collaborates with UAE Government to Introduce Innovative National Carbon Credit System

Venom Foundation has signed a Memorandum of Understanding (MOU) with the UAE Government to develop and implement the National Carbon Credit System. This partnership aims to leverage blockchain technology to address environmental challenges and promote sustainability on a national scale. The MOU outlines four strategic objectives, including reducing emissions and conserving biodiversity. Venom’s blockchain technology, which is carbon neutral, will be used to achieve the UAE’s ambitious climate targets. This collaboration exemplifies the potential of blockchain in advancing environmental initiatives and building a more sustainable future. Venom Foundation, licensed by the Abu Dhabi Global Market, provides a secure platform for investors and financial services firms.

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