Keeping up with technological advancements means enhancing your competitive advantage. That is why we provide you with data-driven FinTech innovation insights.
Here, we’ll look at five hand-selected firms working on green blockchain financing initiatives and solutions.
CarbonChain offers Access to Green Finance
Carbon accounting tools created by British firm CarbonChain allow enterprises to receive green funding. The startup calculates the carbon footprints of corporations’ trade finance portfolios in order to determine which transactions are most vulnerable to rising carbon prices. CarbonChain also does carbon risk evaluations for clients in a variety of industries, such as steel, copper, and aluminum.
Individuals’ initiatives to live sustainably, for example, are negated when their bank deposits are used to subsidize coal mining operations. Startups create tools and solutions that help corporations calculate carbon offsets and gain access to green finance.
ReGal 38183 builds a Green Blockchain
ReGal 38183 is a British firm that offers green financial compliance solutions and finan. Clients can invest in sustainable initiatives using the Green Blockchain, according to the firm.
The startup’s virtual sustainable financial platform, OIII3 BANK, allows clients to incorporate social, environmental, and governance parameters into financing and investing choices for the long-term benefit of both society and the client.
Transactions are much more transparent with distributed ledgers. The financial industry is already taking advantage of blockchain technology’s benefits to combat fraud.
Green Blockchain apps promote environmentally friendly projects and ensure that sustainability efforts are transparent.
Blockchain technology is being used by startups and scaleups to develop finance options for eco-friendly initiatives like renewable energy projects.
Tomorrow facilitates Sustainable Mobile Banking
Tomorrow, a German startup, offers long-term and accessible mobile banking services. Tomorrow Zero is a premium service that lets you fund particular climate change projects like clean drinking water in Uganda, biogas plants in Vietnam, and smallholder development in Peru.
Furthermore, through green bonds issued by Förderbank Nordrhein-Westfalen in Germany, the startup supports to the United Nations Sustainable Development Goals (SDGs).
MIRIS develops the Green Finance Framework
The Green Finance Framework is a methodology platform developed by Norwegian startup MIRIS for identifying, monitoring, and documenting the cash flow in financial projects.
The framework of the startup is open and organized around the fundamental components of the International Capital Market Association’s Green Bond Principles (GBP) (ICMA).
TREELION provides Green Digital Finance
TREELION, a Chinese startup, is working on a Blockchain-based digital financial network for environmental firms. Green Digital Financial Infrastructure helps the startup create a blockchain system for the compliance launch and management of green digital products.
In addition, this network creates a cross-industry Blockchain to acknowledge and promote green economy financial flows.
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