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GIGATONS Chooses Alephium to Tokenize 100 Billion in Carbon Credits

Market Musing-g

GIGATONS Chooses Alephium to Tokenize 100 Billion in Carbon Credits

4 months ago

•

3 mins read

GIGATONS Chooses Alephium to Tokenize 100 Billion in Carbon Credits

Alephium: Engine of a multi-billion dollar global climate revolution
Why Alephium?

Alephium has been chosen as the benchmark blockchain to support GIGATONS’ climate revolution, an ambitious project aimed at reducing global CO₂ emissions. This strategic partnership, announced during the Abu Dhabi Finance Week, marks a crucial step in the fight against climate change.

Alephium: Engine of a multi-billion dollar global climate revolution

GIGATONS is the global entity of Grisderve UK, the largest provider of electric vehicles in the UK, which recharges over 250,000 EVs per month and is valued at over one billion dollars. This innovative platform dedicated to reducing CO₂ emissions has selected Alephium for its advanced GIGA protocol. This choice is based on Alephium’s next-generation Proof of Work (PoW) consensus technology, recognized for its security and decentralization. The project aims to tokenize 100 billion dollars over the next decade, integrating the blockchain to validate carbon credits and ensure total transparency at every stage of the value chain.

The goal of GIGATONS is to mobilize funds for significant green projects, allowing investors to track the carbon emission reductions resulting from their investments. This initiative is expected to attract substantial capital, thereby enhancing confidence in green investments. In collaboration with key partners such as the Abu Dhabi Investment Office and the Ministry of Energy and Infrastructure of the United Arab Emirates, GIGATONS plans to deploy global projects at an unprecedented speed and scale.

https://twitter.com/alephium/status/1866075353506349133?t=aNwMGjIdwEIGjgqaqo67Igu0026s=19

Among the first announced projects, GIGATONS is partnering with Flow Power to develop an electric vehicle charging network in Australia and with Hearst to launch a Bitcoin mining project powered by solar energy, with verifiable carbon accreditation on the blockchain. These initiatives illustrate GIGATONS’ commitment to using cutting-edge technologies to achieve ambitious sustainability goals.

Why Alephium?

Alephium stands out with its innovative BlockFlow technology, which significantly enhances the scalability of its network while providing a smooth and unified user experience. It combines advanced smart contracts with the robustness and security of the UTXO model. Additionally, its Proof-of-Less-Work consensus reduces the network’s carbon footprint, thus perfectly meeting the needs of climate initiatives and high-impact projects.