Flowcarbon Partners with The HBAR Foundation to Provide dMRV Capabilities for the Future on Hedera

November 10, 2022
Flowcarbon Partners with The HBAR Foundation to Provide dMRV Capabilities for the Future on Hedera

Flowcarbon, a leading provider of carbon removal and reduction solutions, and The HBAR Foundation, an integrated force multiplier that fuels growth of the Hedera ecosystem, have joined forces through the Sustainable Impact Fund (SIF) to provide digital Measurement, Reporting, and Verification (dMRV) capabilities using Hedera’s unique open source Guardian infrastructure.

Hedera’s approach has been to drive standardization in sustainability and nature markets by creating a repeatable format for high-quality tokenized credits that maintain an auditable link to project data through trading and retirement of tokenized credits. Since opening access in 2019, the carbon-negative public network has processed over 2.5 billion transactions generated by real-world applications.

Flowcarbon will be working directly with The HBAR Foundation’s advanced tools like the Open Source Guardian, which is the first implementation of the Inter Work Alliance’s (IWA) Voluntary Ecological Markets (VEM) Standards to enhance carbon emission solutions through their advanced dMRV tools. 

The Guardian, a Hedera-native modular open-source policy workflow engine, allows for assets, such as carbon credits or renewable energy certificates (RECs) that are tokenized on-chain to be tied to granular dMRV data. By abstracting away technical complexity, it enables Subject Matter Experts (SMEs) to access markets with less friction.

“We’re greatly excited to partner with Flowcarbon to help build out the global Regenerative Finance (ReFi) ecosystem,” said Wes Geisenberger, VP of Sustainability & ESG at The HBAR Foundation. “The Guardian’s digital MRV tools are crucial to enabling auditable, and information discoverable carbon credit project development, which will synergize directly with Flowcarbon’s advanced carbon credit infrastructure for better liquidity.” 

Through this partnership, the Guardian will provide Flowcarbon token holders the ability to access and maintain a linked relationship to the roles, actors, and data created by ecological projects that follow a science-backed methodology. These assets are verifiable, auditable and discoverable on the Hedera Hashgraph public ledger. This allows for transparent communication to stakeholders, including governments and NGOs, with the full auditability of specific assets.

“We are thrilled to be partnering with HBAR Foundation and Hedera, as their open-source Guardian technology provides carbon project data which will directly enhance transparency in the overall validation and verification process, creating additional scale and opportunities for Flowcarbon’s carbon reduction and removal projects,” said Dana Gibber, CEO of Flowcarbon. 

“Today, accessibility of dMRV technology with the ability to introduce automation into carbon project certification processes, combined with booming demand for vast transparency in carbon credit project development, presents a tremendous window to scale climate action through the voluntary carbon market,” Gibber added. 

About Flowcarbon

Flowcarbon is a pioneering climate technology company that brings carbon credits onto the blockchain. Its mission is to make carbon markets accessible and transparent, enabling the efficient and early flow of capital to be invested directly into projects that combat climate change. Flowcarbon is committed to driving real impact for people, biodiversity, and the planet. To learn more about our work visit our blog.

About The HBAR Foundation

The HBAR Foundation supports the creation of Web3 communities built on the Hedera network, by empowering and funding the builders developing these communities. The Foundation’s six funds - focused on the Crypto Economy, Metaverse, Sustainability, Fintech, Privacy, and Female Founders - each support communities within those areas, and the interconnectedness enables applications to participate as part of a larger ecosystem. The collective power of these funds enables entrepreneurs, developers, and enterprises of all sizes to tackle some of the world’s largest problems, and create and control their own economies, all built on the Hedera public network. Whether you’re building something new or migrating an existing EVM-based application and community, the HBAR Foundation is here to support you. For additional information, please visit https://hbarfoundation.org.