Last updated on 15 Jul 2022
iov42 is building a blockchain platform that empowers change. One of the first major use cases we have been developing is therefore specifically focused on using our technology for climate action. Environmental concerns have been at the core of our activities and technology development since the beginning. The unique architecture of our platform is centered around the idea of combining high-performance and scalability with energy efficiency. This is made possible through our novel consensus mechanism that leaves behind traditional blockchain’s immense energy consumption, while at the same time ensuring transaction speed and scalability.
As part of our commitment to advance the use of our technology for climate action, we are proud to be a member of Climate Chain Coalition, an open global initiative to support collaboration among members and stakeholders to advance blockchain to help mobilize climate finance and enhance MRV (measurement, reporting, and verification) to scale climate action for mitigation and adaptation.
Understanding our responsibility to contribute to a sustainable society, we are committed to leading the industry in minimising the impact of our activities on the environment. In particular, we are committed to:
We will encourage the adoption of similar principles by our partners.