13th January 2021
We are excited to announce that Global Carbon Holding has entered a grant partnership with the Algorand Foundation, to support Global Carbon Holding’s mission of using blockchain technology to tokenize Carbon Credit assets in Asia and support a global, transparent marketplace to purchase certified carbon offsets, with the highest levels of quality and provenance.
Global Carbon Holding is creating a full lifecycle platform that will enable and support capital assets with Carbon Credit capacity, to be tokenized as Carbon Offset assets on the Algorand blockchain. GCH will then broker these assets to marketplaces and state bodies globally leveraging on their existing client portfolio.
By utilizing the transparency and immutability of Algorand’s innovative public blockchain, organisations who purchase these Carbon Credits will be able to do so with significantly greater confidence and trust in the provenance of the assets they are utilising. In addition, the on-chain transparency of these new Carbon Offset tokens will facilitate easier price discovery and a fairer market for asset providers and Carbon Offset token purchasers.
“We are very pleased to enter this collaboration phase with the Algorand Foundation to further extend our long standing relationship with Algorand.” says Jerry Karlsson, COO Global Carbon Holding. “The maturity and composability of the Algorand technology is ideal for robust and scalable business implementations. We are looking forward to bringing transactions of large economic value to the Algorand network, as well as collaborating on a roll-out of tokenized Carbon Credit assets globally. ”
“We are excited to partner with Global Carbon Holding, as they build their global Carbon Credit platform on the Algorand blockchain” says Sean Lee, CEO Algorand Foundation. “The security, finality and transparency of the Algorand blockchain will enable Global Carbon Holding to deliver their desired, high levels of trust in the provenance of the assets being sold to institutional clients”.
About Global Carbon Holding
Global Carbon Holding is a Hong Kong SAR based organisation. The GCH team consists of subject matter experts that specialise in planning and developing Carbon Credit projects and part of the team operates in the consulting and renewable energy investments area. GCH works in close cooperation with accreditation authorities to guarantee compliance for Carbon Neutral status. Furthermore, GCH has the additional capability to assist in blockchain technology development, and focus on using blockchain technology for transparency and trust.
About Algorand Foundation
The Algorand Foundation is a not-for-profit organization that has a vision of a borderless, frictionless economy built on public, decentralized blockchain technology. The Foundation envisions a wide breadth of applications being built on the Algorand protocol by a new, broader community of blockchain and mainstream developers. The Foundation is committed to facilitating this innovation in a sustainable and eco-friendly manner. For more information, visit https://www.algorand.foundation.