Venom Foundation is delighted to announce the signing of a Memorandum of Understanding (MoU) with the UAE Government to develop and implement the National Carbon Credit System. This groundbreaking partnership demonstrates the UAE’s dedication to transparency, reliability, and efficiency in carbon emission management, as the nation strives to meet ambitious sustainability targets.
Taryam Matar Taryam, CEO of Industrial Innovation Group, expressed their commitment to sustainable development: “Industrial Innovation Group is proud to be part of the creation of the UAE’s first National Carbon Credit Registry System together with Venom. We have a long history of developing national registries and excel in creating sustainable pathways for various business sectors, such as establishing carbon removal initiatives, generating project documents for carbon credit registries, and effectively overseeing carbon utilization projects.”
Peter Knez, Chair of the Foundation Council at Venom Foundation, added, “We are thrilled to partner with the UAE Government to build the National Carbon Credit System. Venom is committed to advancing blockchain technology to promote environmental initiatives and create a greener future.”
The MOU outlines four strategic objectives: reducing emissions, promoting sustainable agriculture, enhancing environmental health, and conserving biodiversity. Venom will be actively involved in realizing a more sustainable future.
This collaboration highlights the potential of blockchain technology in driving real-world impact. With its groundbreaking technology, strict regulatory compliance, and secure platform, Venom is well-positioned to successfully launch and implement the National Carbon Credit System.
About Venom Foundation:
Venom Foundation, a decentralized network licensed by the Abu Dhabi Global Market (ADGM), is dedicated to driving the adoption of Web3 projects. It provides a secure environment for investors and financial services firms, offering the freedom to build, innovate, and expand. Venom operates a blockchain with features such as dynamic sharding, low fees, high-speed transactions, and scalability to meet the needs of a growing user base.
Disclaimer: This is not a financial promotion.
Contact: Jonathan, [email protected]