TheDinarian
News • Business • Investing & Finance
Can Distributed Ledger Technology Propel Us Toward Net-Zero Carbon Emissions?
#HBAR
February 07, 2024
post photo preview

Before you read this, keep in mind the use of Problem-Reaction-Solution, by THE POWERS THAT BE, to get people to approve what THEY plan... ~D

The race to reduce carbon emissions and achieve the goals of the 2015 Paris Agreement is intensifying, with many nations moving towards zero-carbon solutions. Despite this, current emission reduction efforts are falling short of international ambitions and it is clear that a different way of operating is needed. Hania Othman, Director of Sustainable Impact Europe/Africa at The HBAR Foundation, says a key to this could be distributed ledger technology.

Context

In 2021, the European Union (EU) embarked on an ambitious journey to reduce its greenhouse gas (GHG) emissions by at least 55% below the 1990 levels by 2030. This initiative is part of a broader strategy to position Europe as the world’s first climate-neutral continent by 2050, signalling a significant commitment to environmental sustainability

Now, two years later, policymakers are eager to apply similar ambitions to the global climate agenda.

The COP28 conference, which took place late last year in Dubai, marked a crucial point in initiating this global dialogue, encouraging countries across the sphere to reduce their carbon emissions and accelerate efforts to achieve carbon neutrality on a global scale. An important outcome of the conference was a collective agreement among nations to “transition away” from fossil fuels. This marked a pivotal shift towards the end of the fossil fuel era and was a key component of the Global Stocktake, a comprehensive assessment under the 2015 Paris Agreement aimed at keeping the global temperature rise below 1.5C. The stocktake highlighted the need for significant reductions in GHG emissions and substantial increases in renewable energy capacity and energy efficiency improvements by 2030.

COP28 President Sultan Al Jaber and other participants onstage during the COP28 Closing Plenary at COP28 in Dubai on December 13, 2023. Photo: UNclimatechange/Flickr

The COP28 deal urges over 200 global economies to increase their efforts in a “just, orderly, and equitable manner,” triple renewable energy, and double the global average of energy efficiency by 2050. The agreement gives significant momentum to the transition away from fossil fuels, including a focus on reducing methane emissions and phasing out inefficient fossil fuel subsidies. The urgency of these targets is underscored by the need to limit global warming to 1.5C above pre-industrial levels, a threshold considered relatively safe by climate experts. However, the proposal is not without its flaws; developing countries have voiced their disappointment over the lack of new financial commitments to assist them in transitioning away from fossil fuels and adapting to climate impacts.

Another key concern that emerged at COP28 was whether we can achieve fair implementation of both the EU and COP28 directives, particularly in a way that does not disproportionately burden developing countries.

In the 27-nation bloc, the Corporate Sustainability Reporting Directive (CSRD) is instrumental in complementing global efforts. CSRD enhances the transparency of sustainability reporting among companies, aligning corporate practices with broader sustainability goals. Beyond being a mere disclosure regulation, CSRD offers a framework for businesses to adapt to an increasingly urgent low-carbon transition. On the other hand, the Carbon Border Adjustment Mechanism (CBAM) is designed to prevent carbon leakage by imposing a carbon price on imports of certain goods from outside the EU. This ensures that the EU’s ambitious climate efforts are not undermined by the relocation of carbon-intensive production to countries with less stringent climate policies. To create a fair playing field for both the EU and other global countries to achieve this unified goal, policymakers and other influential figures need to ensure that measures like CBAM do not lead to trade disputes or are perceived as protectionist by non-EU countries.

Upon delving deeper into the outlined goals, further shortcomings emerge. Firstly, the EU self-imposed targets inadvertently highlight its own difficulties in cutting down on carbon emissions. In fact, to reach the 2030 emissions goal, the bloc would need to make further cuts of 132 megatonnes of carbon dioxide a year, the equivalent of the annual output of 332 gas-powered stations.

With regard to the COP28 proposal, the antithetical “incremental” targets proposed have also raised doubts as to whether current carbon reduction strategies are pragmatic enough to achieve a meaningful environmental impact. 

Dire Consequences

One needn’t look very far to identify the impact and the consequences of inaction. The world was repeatedly haunted by the images of abnormal fires ravaging forests, towns, and tourist spots across Greece in 2023. At the same time, last year was the UK’s second-hottest year on recordIreland experienced its wettest-ever July, while parts of Bulgaria and Turkey were inundated with floods. The message is and has been clear for some time: climate change presents a grave threat to the planet and the consequences are becoming increasingly dire

In the face of this, the EU has put mechanisms in place to enforce compliance with its climate goals, including penalties for non-compliance, albeit with lackluster enforcement. However, more action is clearly needed. Now more than ever, there is an impetus for world leaders to embrace emerging technologies such as blockchain and distributed ledger technologies to accelerate progress toward a low-carbon economy.

How Can Web3 Play a Part?

While there isn’t a “one-size fits all” solution that can be adapted to tackle the global climate crisis, the scale of the problem calls for a multifaceted approach. For instance, climate reporting is a complex task, hindered by issues such as the lack of detailed data, inconsistent methodologies often reliant on estimations, exclusive supply chain information, and general non-transparency. 

Distributed ledger technology (DLT) can offer solutions to these challenges. The use of tokenization, in conjunction with integrated data Measurement, Reporting, and Verification (dMRV), offers a promising method to establish a public ledger for emission data. This approach can ensure uniformity in technical frameworks and utilize the inherent features of distributed ledgers – such as auditability, discoverability, and liquidity in emission offsetting and sustainability reporting scenarios. Additionally, the current system struggles with adequately verifying diverse attributes, which ultimately affects the effective accountability of both polluters and governmental entities

Using tools such as the Guardian Policy Workflow Engine, an open-source dMRV tool that employs a standards-based approach for token taxonomies, we can trace sustainability outcomes more accurately and effectively. This advanced approach allows for the monitoring of impact down to the individual data attribute associated with the environmental and social impact. Consequently, it facilitates the creation of tailored solutions that are more accurately aligned with the unique characteristics and needs of each organization. This is an example of how, by leveraging DLT, governments, companies, and individuals can record and verify emissions data in an open and immutable manner. This enables stakeholders to have a clear understanding of their environmental, social, and governance impact and take necessary actions to reduce emissions and improve impact outcomes. 

Real-World Impact

DLT can also play a crucial role in verifying carbon credit schemes, a carbon-mitigation process that has been the subject of contention since its initial rollout.

The credibility of these schemes depends on accurate measurement and verification of the emissions reductions, which at present, are not guaranteed. It is generally agreed that the credit schemes have ample room for improvement to deliver on set outcomes – with an investigation by the Guardian stating that over 90% of credits being bought do not represent genuine carbon reductions. As one might expect, this development has sent ripples of disruption throughout the industry. In a market that is still developing, such events significantly strain the fabric of trust and credibility. It is therefore important that we work to enhance the industry’s reputation, as it plays a crucial role in a broader portfolio of solutions essential for effective climate change mitigation. And given the less-than-favourable reputation associated with this industry, it makes sense to adopt fresh measures

DLT can provide a tamper-proof and auditable system to ensure the integrity of carbon credit transactions, promoting trust and confidence in the market.

The technology can also be used to address industries that generate significant carbon emissions, such as the supply chain sector. By its nature, getting goods around the world is an energy- and fuel-intensive process, and there are notable inefficiencies within the supply chain industry that can be addressed using DLT. For instance, the technology can be used by supply chain participants to track and trace their products’ entire lifecycle, identifying inefficiencies and areas for improvement. This transparency enables companies to optimize processes, reduce emissions, and promote sustainability across the supply chain.

DLT-based platforms are also enabling the tokenization of carbon offsets, making it more accessible for individuals and organizations to participate in emission reduction projects

Setting the Standard

The urgency to meet global carbon emission reduction targets cannot be overstated. It is important to address this issue, as it involves more than just legal and financial aspects; the implications for our planet’s future are dire. While global alliances have made good progress in reducing carbon emissions, we have a long way to go before we can alleviate the crisis that now presents itself. It’s time to find new ways of working

By leveraging the innovative power of novel technologies such as DLT and open-source digital, measurement and reporting tools (dMRV), governments, companies, and individuals can enhance the transparency of their climate reporting, verify and trace (often opaque) carbon credit schemes, and reduce supply chain inefficiencies – and this is just the beginning. Web3 technology will be key to allowing global nations to really deliver on their commitments, and contribute to the ‘enhanced transparency framework’ currently being laid out. Perhaps most importantly, Web3 will enable us to shift global proposals from talk to action and embrace the transition to a sustainable future.

Link

community logo
Join the TheDinarian Community
To read more articles like this, sign up and join my community today
0
What else you may like…
Videos
Podcasts
Posts
Articles
Stargate: Establishing the Physical Foundations of the AI Revolution 🛰️🌎

The Stargate initiative represents the most substantial investment in artificial intelligence infrastructure to date, as it begins to materialize on a global scale. While many perceive AI as an ethereal technology—simply accessed via applications like ChatGPT 🤖—each digital interaction is, in fact, powered by extensive physical resources: vast data centers 🏢, thousands of cutting-edge GPUs 💾, sophisticated cooling systems 💧, dedicated power grids ⚡, and essential water pipelines 🚰. AI does not reside on personal devices; it is anchored on Earth and demands significant resources.

As artificial intelligence continues to advance, its infrastructure needs only intensify. Regardless of improvements in model efficiency, the explosive growth in usage—billions of queries, ongoing model training, and worldwide deployment—necessitates ever-greater computing power, land, electricity, and semiconductors. This expansion is not plateauing; it is accelerating 📈.

Stargate stands ...

00:01:55
🚨 A Senior UAE Official Has Forecasted...👀

🇦🇪 The United Arab Emirates has taken a decisive step that the United States has been reluctant to pursue.

👉 “Within the next two years, cryptocurrency will be used more frequently than traditional currencies like the dollar or dirham, even for everyday purchases such as coffee and groceries.” 🏦☕🛒

It is worth noting which cryptocurrencies offer transaction fees that are virtually negligible. 😏

The official further stated: “Mark my words, I believe in actions, not just words.”

00:01:00
The Digital Euro 🇪🇺 Is Ready 💶🌍 Via XRP &XLM

The legislative process is complete, and the Digital Euro 🇪🇺 is ready for real time use and October 2025 is the big roll out.

Around this time Europe will also be releasing their
•Request2pay
• SEPA credit transfer rulebook
•PSD3 instant payments
•Verification of payee
•TIPS multi-currency phase 1

The Digital Euro will be minted on #XRPL and #Stellar

OP: MRMANXRP

00:00:27
👉 Coinbase just launched an AI agent for Crypto Trading

Custom AI assistants that print money in your sleep? 🔜

The future of Crypto x AI is about to go crazy.

👉 Here’s what you need to know:

💠 'Based Agent' enables creation of custom AI agents
💠 Users set up personalized agents in < 3 minutes
💠 Equipped w/ crypto wallet and on-chain functions
💠 Capable of completing trades, swaps, and staking
💠 Integrates with Coinbase’s SDK, OpenAI, & Replit

👉 What this means for the future of Crypto:

1. Open Access: Democratized access to advanced trading
2. Automated Txns: Complex trades + streamlined on-chain activity
3. AI Dominance: Est ~80% of crypto 👉txns done by AI agents by 2025

🚨 I personally wouldn't bet against Brian Armstrong and Jesse Pollak.

👉 Coinbase just launched an AI agent for Crypto Trading
Veritaseum Hodlers, Are You Ready For Chaos? 🚀 👩‍🚀

What would happen if Veritaseum was "Resurrected" from the Land of Dead Cryptos? Would Clif High's prediction of Veri trading 1 to 1 with Bitcoin actually come TRUE?! We may just find out SOONER than you think!!

$Velos New Payfi Litepaper 📝

As the market evolves, so do we. Our new PayFi Litepaper reflects our commitment to adapt fast, stay ahead, and win.

Dive into our latest vision and strategy for what’s next.

https://x.com/veloprotocol/status/1917550676860887446

Reggie Middleton vs The SEC

The Motion to Vacate the SEC case against @ReggieMiddleton was filed on Friday May 30th, 2025 and contains NEW EVIDENCE clearly illustrating the alleged Fraud Upon the Court by SEC attorney Jorge Tenreiro.

It’s Reggie’s time to shine and this is going to be Epic!

Watch for a Video and further X posts breaking down this New Evidence.

https://x.com/SovereignRiz/status/1928836032964804760

post photo preview
Stellar's Ecosystem Surges Forward: Smart Contracts, Lightning Speed, and Real-World Impact in 2025

The Stellar blockchain ecosystem is experiencing remarkable momentum in 2025, with groundbreaking technical achievements and expanding real-world adoption that position it as a major player in the decentralized finance landscape. From lightning-fast transaction speeds to innovative smart contract capabilities, Stellar is demonstrating that blockchain technology can deliver both performance and practical utility.

Technical Breakthroughs Drive Performance

The Stellar Development Foundation's Q1 2025 quarterly report reveals impressive technical milestones that showcase the network's maturation. The platform now processes an astounding 5,000 transactions per second with remarkably fast 2.5-second block times, putting it among the fastest blockchain networks in operation today.

This performance leap isn't just about raw numbers—it represents Stellar's commitment to creating infrastructure that can handle real-world demand. Whether it's cross-border payments, asset tokenization, or decentralized applications, the network's enhanced capabilities provide the foundation for scalable blockchain solutions.

Smart Contracts Get Smarter with Soroban

One of the most significant developments has been the launch and continued evolution of Soroban, Stellar's smart contract platform. The introduction of Contract Copilot represents a major advancement in developer experience, enabling faster and safer smart contract development through enhanced tooling and guidance.

This focus on developer experience is crucial for ecosystem growth. By lowering barriers to entry and improving the development process, Stellar is positioning itself to attract innovative projects and talented developers who might otherwise choose competing platforms.

New Token Standards Meet Market Needs

The Stellar Development Foundation has introduced new token standards developed specifically based on feedback from developers and institutional users. This responsive approach to platform development demonstrates Stellar's commitment to building technology that meets actual market needs rather than theoretical requirements.

These standards are particularly important as institutional adoption continues to grow, with organizations requiring robust, compliant, and flexible token frameworks for their blockchain initiatives.

Global USDC Integration Expands Utility

The integration of USDC across Stellar's global network represents a significant milestone for practical cryptocurrency adoption. Stablecoins like USDC provide the price stability necessary for everyday transactions and business operations, making them crucial for blockchain platforms seeking real-world utility.

This integration is particularly impactful in emerging markets, where access to stable digital currencies can provide financial services to underbanked populations and facilitate more efficient cross-border transactions.

Industry Events Build Community Momentum

The Stellar ecosystem's growing influence is evident in its presence at major industry events. The foundation's participation as a sponsor at Consensus 2025 in Toronto and Digital Assets Week in New York demonstrates its commitment to engaging with builders, investors, and institutional leaders across the blockchain space.

These events serve as crucial networking opportunities and platforms for showcasing innovative projects within the Stellar ecosystem. Recent Meridian events have highlighted creative projects like Skyhitz and HoneyCoin, illustrating the collaborative spirit and diverse applications being built on the platform.

Real-World Impact in Emerging Markets

Perhaps most importantly, Stellar's growth isn't just about technical metrics—it's about real-world impact. The platform's focus on emerging markets addresses genuine financial inclusion challenges, providing efficient payment rails and access to digital financial services where traditional banking infrastructure may be limited.

This practical approach to blockchain implementation sets Stellar apart from projects that focus primarily on speculative trading or theoretical use cases. By solving actual problems for real users, Stellar is building sustainable demand for its technology.

Looking Ahead: Enterprise-Grade Infrastructure

Stellar positions itself as offering enterprise-grade asset tokenization alongside its DeFi capabilities and payment infrastructure. This comprehensive approach makes it attractive to institutions looking for a single platform that can handle multiple blockchain use cases.

The combination of fast transactions, low costs, smart contract capabilities, and regulatory-conscious development creates a compelling value proposition for enterprises considering blockchain adoption.

The Road Forward

As 2025 progresses, Stellar's ecosystem appears well-positioned for continued growth. The technical infrastructure improvements, developer-focused enhancements, and real-world adoption initiatives create a strong foundation for expanding use cases and user adoption.

The blockchain industry has seen many projects promise revolutionary capabilities, but Stellar's focus on delivering measurable performance improvements and practical solutions suggests a mature approach to blockchain development. With transaction speeds that rival traditional payment systems and growing institutional adoption, Stellar is demonstrating that blockchain technology can move beyond experimental phases into mainstream utility.

For developers, institutions, and users looking for blockchain solutions that prioritize both performance and practical applicability, Stellar's 2025 developments represent significant progress toward a more accessible and useful decentralized financial ecosystem.

Source: The Dinarian ⚡ Claude AI

🙏 Donations Accepted 🙏

If you find value in my content, consider showing your support via:

💳 PayPal: 
1) Simply scan the QR code below 📲
2) https://www.paypal.me/thedinarian

🔗 Crypto – Support via Coinbase Wallet to: [email protected]

Or Buy me a coffee: https://buymeacoffee.com/thedinarian

Your generosity keeps this mission alive, for all! Namasté 🙏 The Dinarian

Read full Article
post photo preview
Soroban Security Audit Bank: Raising the Standard for Smart Contract Security

The Stellar Development Foundation (SDF) is deeply committed to helping ensure that the highest security standards are available for projects building on the Stellar network. Last year SDF launched the Soroban Security Audit Bank, an initiative to provide projects access to auditing experts and tooling that are proven to help prevent hacks by catching potential bugs, inefficiencies, and security flaws before contracts go live. Through the Soroban Security Audit Bank, we’re empowering teams building on Soroban with comprehensive security audits from leading audit firms, enhanced readiness support, and robust tooling, significantly elevating the ecosystem’s safety and efficiency.

Since launch, the Soroban Security Audit Bank has successfully conducted over 40 essential audits, deploying over $3 million to support security of the smart contracts on Stellar. Check it out!

 

Ecosystem Success Stories: How the Soroban Audit Bank Drives Security Forward

By making automated formal verification available to developers, in addition to allocating significant budget for securing many of the top DeFi protocols built on top of Stellar, SDF has established a new security standard in the Web3 ecosystem. Mooly Sagiv, Co-Founder of Certora
SDF has been a strong partner as we’ve worked with teams across the Stellar ecosystem. SDF’s Audit Bank initiative allows for a smooth and streamlined review process, and is a clear reflection of the Stellar ecosystem’s enhanced commitment to security. Robert Chen, CEO of OtterSec
 

Leading projects within the Soroban ecosystem have highlighted the impact of the Audit Bank

Finding a good auditor is difficult, expensive, and high-stakes. The Audit Bank streamlines the process and supports ecosystem projects with security review at critical growth milestones. Markus Paulson, Co-Founder of Script3
The audit firms we worked with deeply understood the full ecosystem and the underlying protocols used. Their expertise and the tools from the Audit Bank strengthened our security and supported user and investor trust. Esteban Iglesias Manríquez, Co-Founder of Palta.Labs

What's New in 2025: Enhanced Audit Support for Soroban Builders

Teams building financial protocols, high-dependency data services, high-traction dApps funded by the Stellar Community Fund are able to request an audit and will typically be matched with a reputable audit firm within two weeks. We recently restructured the program for this year to enhance audit efficiency and incentivize accountability, and rapid and complete vulnerability remediation:

  • Complimentary Initial Audit: Projects will need to contribute 5% of the audit cost upfront, but this co-payment amount is eligible for a full refund, provided that critical, high, and medium vulnerabilities identified are swiftly remediated within 20 business days of receiving the initial audit report (learn more).
  • Incentivized Security at Key Traction Milestones: Complimentary, extensive follow-up audits are available as projects achieve critical traction milestones (e.g., $10M and $100M TVL). These audits include deeper assessments such as formal verification or competitive audits, significantly boosting project security at pivotal stages.
  • Advanced Security Tooling: Projects can enhance their security self-serve through complimentary or discounted access to specialized tooling, which provide vulnerability detection and formal verification capabilities (see full list of available tooling). These tools are encouraged to capture ‘easy-to-spot’ issues prior to audit as well as a final check post-audit to increase the effectiveness and thoroughness of audits.
  • Enhanced Audit Readiness Support: Projects receive structured preparation support, including the implementation of best practices and security standards based on the STRIDE threat modeling framework. This ensures project teams are thoroughly prepared, optimizing audit efficiency and minimizing delays.

Get Started Today

If you're already funded through the Stellar Community Fund, meet the criteria and ready to secure your smart contracts, check your email for an invitation to submit an audit request–if you haven’t received one, contact [email protected].

If you haven't built on Stellar yet, we encourage you to start your journey with the Stellar Community Fund to become eligible for future security audits and ecosystem support. For any broader questions on the program, contact [email protected].

Also, we’re organizing an exciting series of workshops–join us for the kick-off on Soroban Security Best Practices on Friday, May 30, 2025 at 2 PM ET on @StellarOrg. Together, we're shaping a secure and resilient future for smart contracts on Stellar.

Source

🙏 Donations Accepted 🙏

If you find value in my content, consider showing your support via:

💳 PayPal: 
1) Simply scan the QR code below 📲
2) https://www.paypal.me/thedinarian

🔗 Crypto – Support via Coinbase Wallet to: [email protected]

Or Buy me a coffee: https://buymeacoffee.com/thedinarian

Your generosity keeps this mission alive, for all! Namasté 🙏 The Dinarian

Read full Article
post photo preview
Santander mulls stablecoin, crypto offering

Bloomberg reported that Banco Santander is mulling introducing euro and dollar stablecoins, or potentially making a third party coin available to clients, citing sources. This move aligns with broader crypto ambitions, as its digital bank, Openbank, has reportedly applied for a European cryptocurrency license under the Mica Regulations and may enable retail access to digital assets.

Systemically important banks embrace stablecoins?

Major banks are now moving from observers to participants in this expanding market. Should Santander confirm plans to launch a stablecoin, it will be the fourth global systemically important bank (G-SIB) to do so. Societe Generale’s FORGE subsidiary launched the EURCV euro coin in 2023. Deutsche Bank is a partner in ALLUnity, another stablecoin initiative with plans to launch this year, subject to regulatory approval. And Standard Chartered is part of a joint venture in Hong Kong that intends to introduce a stablecoin.

Santander’s involvement could extend beyond an individual initiative. The bank is a shareholder in The Clearing House, where the Wall Street Journal reported that US banks are exploring the potential to create a joint stablecoin. If a US initiative took that route it could involve nine more G-SIBs including Bank of America, Barclays, BMO, BNY Mellon, Citi, HSBC, JP Morgan, TD Bank and Wells Fargo.

Apart from these initiatives, our research shows that more than 20 other banks have been involved in stablecoin projects.

Until recently stablecoins were mainly used to settle cryptocurrency transactions and by residents in countries with volatile domestic currencies. During the last year stablecoin infrastructure has been expanding, especially for mainstream cross border payments. Plus, President Trump issued an executive order prioritizing stablecoins. One of the administration’s motivations is this increases demand for US Treasuries, lowering the interest rate the government pays on the Treasury bills.

Santander as an early digital assets mover

Santander’s stablecoin consideration builds on years of blockchain experience. The bank was an early Ripple investor and previously used Ripple’s permissioned network for payments (not XRP), while also embracing permissionless blockchain activities including issuing a digital bond on Ethereum in 2019. This dual approach led to collaborations with other major players – alongside Societe Generale FORGE and Goldman Sachs, Santander participated in the European Investment Bank’s first digital bond, also on Ethereum. Currently, the bank’s most significant digital money initiative involves Fnality, the wholesale blockchain-based settlement network, where Santander ranks among 20 institutional backers and is part of the early adopter group alongside Lloyds Bank and UBS.

Source

🙏 Donations Accepted 🙏

If you find value in my content, consider showing your support via:

💳 PayPal: 
1) Simply scan the QR code below 📲
2) https://www.paypal.me/thedinarian

🔗 Crypto – Support via Coinbase Wallet to: [email protected]

Or Buy me a coffee: https://buymeacoffee.com/thedinarian

Your generosity keeps this mission alive, for all! Namasté 🙏 The Dinarian

Read full Article
See More
Available on mobile and TV devices
google store google store app store app store
google store google store app tv store app tv store amazon store amazon store roku store roku store
Powered by Locals