Singapore/Bangalore – October 3rd, 2024 – InfraBlocks Technologies Pte Ltd (InfraBlocks), a leader in blockchain-based solutions for the carbon markets, and KrypC Technologies Pvt Ltd (KrypC), a global innovator in enterprise blockchain technology, have signed a Memorandum of Understanding (MoU) to jointly develop enhanced digital solutions for carbon credit lifecycle management.
This strategic partnership aims to bring together the expertise of both companies to create a more efficient, transparent, and scalable platform for carbon credit management, tracking, and lifecycle management. The collaboration leverages KrypC’s experience in blockchain , enhancing InfraBlocks' existing carbon market solutions.
Revolutionizing Transparent Carbon Credit Origination
Through this collaboration, InfraBlocks and KrypC will develop and integrate features and methodologies that aim to set new standards for transparency and efficiency in carbon markets. The partnership will focus on building solutions that streamline the carbon credit lifecycle, providing a seamless experience for carbon credit issuance, validation, and verification. The solutions developed under this partnership are expected to address the growing demand for reliable and transparent carbon market mechanisms.
Commitment to Innovation and Market Leadership
The MoU represents a shared commitment by InfraBlocks and KrypC to drive forward-thinking solutions in the carbon credit market, focusing on enhancing digital MRV (Monitoring, Reporting & Verification) services, lifecycle management, and integration with existing platforms. The partnership will pave the way for both companies to develop a more robust infrastructure for carbon market participants and set new benchmarks for the digital management of carbon credits.
“We are excited to partner with KrypC Technologies to deliver innovative digital solutions for the carbon market. This collaboration allows us to enhance our technology capabilities in providing a streamlined and transparent carbon credit lifecycle management platform”, stated Cédric Joutet, Co-Founder of InfraBlocks.
"The growing global emphasis on sustainability has exposed significant challenges in tracking, validating, and managing carbon credits. Many organizations struggle with transparency, inefficiencies, and inconsistencies in the carbon credit lifecycle. Objective of this partnership is to develop a robust solution designed to alleviate these pain points. By leveraging blockchain technology, the proposed platform will provide end-to-end traceability and accountability, ensuring that carbon credits are securely managed from creation to retirement. Ultimately the proposed solution will build trust across the carbon market, helping industries meet their sustainability goals with confidence”, said Ravi Jagannathan, Director of KrypC Technologies.
About InfraBlocks Technologies
InfraBlocks Technologies Pte Ltd is a Singapore-based company specializing in providing blockchain and digital ledger solutions to facilitate transparent and efficient carbon trading. With a focus on creating digital marketplaces and tokenized asset management systems, InfraBlocks aims to revolutionize how carbon credits are managed and traded in the global carbon markets.
For more information, visit: https://www.infrablockstechnologies.com
About KrypC Technologies
KrypC Technologies, headquartered in USA and having operations in NL, UAE and India is a global technology company that provides blockchain-based solutions for various industries, including finance, supply chain, Telco, Energy and Sustainability .
For more information, visit: https://krypc.com and CarbonCore
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