Technology Innovation Institute Unveils Blockchain-powered Carbon Emissions Tracking and Trading Platform to Accelerate Net Zero Journey

Summary

Technology Innovation Institute (TII) has launched a blockchain-powered carbon tracking and trading platform at COP28. The platform, designed by TII’s Cryptography Research Center (CRC), aims to facilitate international trade in carbon tokens and promote green investment. It uses a lightweight, efficient blockchain implementation for transparent and secure verification of tracking and trading activities. Why it matters: The platform supports the UAE's sustainability goals and contributes to the global effort to achieve net-zero emissions by enabling verifiable and trustworthy carbon trading.