The Hashgraph Association, in collaboration with Inacta Ventures, has announced the launch of a $50 million Sustainability Venture Studio aimed at empowering sustainable projects worldwide. This initiative, part of The Green Block Initiative, seeks to leverage the Hedera Guardian platform to create fair and transparent carbon markets, thereby enhancing the credibility of environmental, social, and governance (ESG) efforts.
The Hedera Guardian is an open-source platform utilizing the Hedera distributed ledger technology (DLT) network to facilitate digital sustainability policies and digital Measurement, Reporting, and Verification (dMRV) tokenization for carbon credits. This platform aims to reduce fraud in the ESG market by ensuring transparent and auditable climate finance transactions.
The Sustainability Venture Studio, which will span the next five years, represents a joint investment of $50 million, with The Hashgraph Association and interested enterprises each contributing $25 million. This co-investment program is designed to support the development of sustainability use cases on the Hedera Guardian platform.
Kamal Youssefi, President of The Hashgraph Association, emphasized the importance of establishing standards for reporting sustainability assets to ensure credibility and accuracy. He highlighted the Hedera network's reputation as the greenest distributed ledger network and expressed optimism about the global expansion of the ESG ecosystem built on the Hedera Guardian.
Ralf Glabischnig, Founder of Inacta Ventures, expressed enthusiasm about integrating the Sustainability Venture Studio into The Green Block Initiative, noting that the collaboration with The Hashgraph Association would accelerate the development and implementation of sustainable projects globally.
Hedera's commitment to sustainability is well-documented, with a research paper from the UCL Centre for Blockchain Technologies confirming its status as the greenest DLT in the market. This new venture studio not only underscores Hedera's dedication to sustainability but also paves the way for innovative solutions in the sustainability sector.
