- Metasphere Labs (CSE:LABZ) has completed the development of Pure Sky Registry’s blockchain-based carbon credit registry
- The solution is built natively on the blockchain following ISO 14000 carbon offsetting standards
- The solution includes features such as on-chain voting for decentralized autonomous organizations that allow members transparent governance and decision-making among shareholders
- Metasphere Labs’ shares are up 6.25 per cent to C$.17 as of 10:59 am ET
Metasphere Labs (CSE:LABZ) has completed the development of Pure Sky Registry’s blockchain-based carbon credit registry.
The company stated in a news release this marks a “significant” milestone in blockchain’s adaption in enhancing transparency, efficiency and security in carbon credit management.
“We’re thrilled to deliver this solution for Pure Sky, which is setting new standards for carbon credit management,” Natasha Ingram, CEO of Metasphere Labs, said in a statement. “At Metasphere, we believe in the transformative potential of Web3 in driving positive global change, particularly in addressing climate change. By having helped to develop a native blockchain-based solution, we are not only innovating but also laying the foundation for a more sustainable future.”
With most regenerative finance carbon credit projects focusing on tokenizing legacy carbon credits, Pure Sky’s solution is built solely on the blockchain following ISO 14000 carbon offsetting standards. The solution includes features such as on-chain voting for decentralized autonomous organization members, allowing for transparent governance and decision-making among stakeholders.
The platform will further enable organizations around the world with a tool to manage carbon credits while following global standards for carbon offsetting.
Metasphere Labs develops Web3 and metaverse strategies and notably specializes in integrating blockchain technology into real-world applications, with a focus on environmental sustainability and social impact.
Metasphere Labs Inc.’s (CSE:LABZ) shares are up 6.25 per cent to C$0.17 as of 10:59 am ET.
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