Ripple helps with the UN-registered securities exchange in developing a CO2 credit solution for the XRPL
Ripple helps with the UN-registered securities exchange in developing a CO2 credit solution for the XRPL
- ripple has announced an exclusive partnership with Xange to support a CO2 credit solution for the CO2-neutral XRP Ledger (XRPL) in the UN registered securities exchange.
- The performance, scalability and the nature of green properties of XRPL were the reason for the partnership .
Ripple has announced an exclusive partnership with Xange to support a CO2 credit solution for the CO2-neutral XRP Ledger (XRPL). According to its official website, Xange works closely with the United Nations development system to create and manage the first securities exchanges that concentrate on companies with sustainable development goals (SDG). Also the concentrated on companies that perfectly meet the criteria of social responsibility and act in accordance with the SDG 2030 roadmap of the UN.
xange focuses more on climate change and climate security. This means that it also tries to prevent illegal financial transactions by enabling more initiatives to combat CO2 emissions. This goes hand in hand to enable transparency in CO2 accounting by avoiding double counts when reducing or removing CO2 emissions. XRPL, on the other hand, is one of the first major climate-neutral blockchains that enables a sustainable blockchain operation. This is in line with the anti-carbon emission campaign of Xange.
xange.com has decided to build on the XRP Ledger due to its performance, scalability and naturally green properties. The XRP Ledger was developed with regard to sustainability and is one of the first major climate -neutral blockchains. Due to its Federated Consensus algorithm, the XRPL is significantly more energy-efficient compared to proof-of-work blockchains and ensures inexpensive transactions.
The sustainable attribute XRPL brought him the partnership
In relation to the guidelines, which were implemented by the leading industrial working group including the "Interwork Alliance (IWA), an initiative of the Global Blockchain Business Council (GBBC) and the Taskforce on Scaling Voluntary Carbon (TSVCM)" Credit solution of Xange on the XRPL will later lead to the output of tokenized carbon credits. Specifically, the basis of Xanges Carbon Credit solution in XRPL will be the TOKE Taxanomy Framework from IWA and the Interwork Framework. The IWA token-taxanomy framework is used to define the token standard and the Interwork framework is used for the Smart Contract standard.
the performance, scalability and nature of green properties of XRPL were the reason for the partnership. The XRP Ledger was developed with a view to sustainability and is one of the first major climate -neutral blockchains.
Because of its federated consensus algorithm, the XRPL is significantly more energy-efficient compared to proof-of-work blockchains and ensures cost-effective transactions.
The sustainable property of XRP Ledger has attracted a number of partnerships. At the beginning of this year, Ripple announced a Creator Fund of $ 250 million to support Creators who explore new applications for NFTs in the XRP Ledger. Based on its sustainable properties, XRPL was advertised as a sustainable path to shape, buy and transfer billions of NFTS.
We believe that the XRP Ledger is ideal for offering a superior user experience for NFTs and tokenization in general. In combination with a robust suite of tools and resources, the innate performance advantages of XRPL and its native digital asset XRP developers enable a seamless experience for NFTS.
Source: Crypto-news-flash.com
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