Nexum Foundation INC/HBK DOP and The Climate Group Africa announced their new big and visionary project today. Committed to the vision of data disruption in the oil and shipping industry and blue investments. Nexum Foundation actively supports technological disruptions that leverage innovative data models toward a more sustainable planet.
Driven by this principle Nexum Foundation today agreed to provide its cutting-edge technology platform to power a new carbon credits exchange based on blockchain technology. In partnership with HBKDOP Dubai, UAE, and The Climate Group Africa Limited.
Kenya, they will develop an online carbon credits exchange that will act as the exclusive market conduit for the carbon credits awarded to The Climate Group Africa through its activities.
The three institutions have decided to join forces and united their complementing expertise aiming to promote. Africa’s interest and increase its presence in the international carbon credit industry and bring benefits to the local communities.
HBKDOP is an establishment dedicate to executing infrastructure projects globally such as energy, agriculture. Oil and gas, and financial services with a particular interest in the renewables sector. The Climate Group Africa Limited develops and trades climate-related projects in Africa and South America.
Nexum Foundation’s Founder Panagiotis Georgolios expressed his gratitude and satisfaction for this collaboration by stating “We are excited with this new collaboration. Shipping is consider a major polluter. That might not be a fair characterization considering that it facilitates more than 80% of the global trade. Irrespectively, the shipping industry will need carbon credits.
This initiative allows the foundation a strategic position in the carbon credit industry and supports our mission to promote the tokenization process of assets and services with tangible economic fundamentals and valuable offerings in the maritime world.