• Chainwire Venom Foundation has signed a Memorandum of Understanding (MOU) with the UAE Government to create and implement the National Carbon Credit System.
• This partnership will leverage blockchain technology to address environmental challenges and promote sustainability on a national scale.
• The MOU outlines four strategic objectives: reducing emissions, promoting sustainable agriculture, enhancing environmental health, and conserving biodiversity.
Chainwire Venom Foundation Signs MOU with UAE Government
Abu Dhabi, UAE, August 9th, 2023 – Chainwire Venom Foundation, a leader in blockchain technology adoption in regulated markets, is thrilled to announce the signing of a momentous Memorandum of Understanding (MOU) with the UAE Government to develop and implement the National Carbon Credit System. This landmark partnership represents a significant step towards leveraging blockchain technology to address environmental challenges and promote sustainability on a national scale.
UAE’s Commitment to Climate Change Targets
This revolutionary collaboration underscores the UAE’s unwavering commitment to bolstering transparency, reliability, and efficiency in carbon emission management, while using the next generation blockchain technology of Venom and in doing so, propelling the nation towards its ambitious climate targets of 40% reduction in carbon emissions by 2030. The Venom blockchain itself is carbon neutral.
Objectives Outlined in Memorandum of Understanding (MoU)
The Memorandum of Understanding (MoU) signed between the Ministry of Climate Change and Environment (MCCE), the Industrial Innovation Group, and Venom Foundation outlines four strategic objectives: reducing emissions, promoting sustainable agriculture, enhancing environmental health