GMEX’s ZERO13 is a blockchain platform for interconnecting carbon credit and ESG markets. It won the blockchain category at the COP28 UAE Techsprint. The competition was organized by the Bank for International Settlements (BIS), COP28, the Central Bank of the UAE and the Emirates Institute of Finance (EIF).
The carbon credit sector has received a lot of bad press of late. Some of it is well deserved, so there’s a need to restore trust. GMEX reckons that ZERO13 helps by addressing greenwashing, double counting and providing price transparency.
Today the market for carbon credits is a fragmented one. ZERO13 is a platform that’s trying to bring multiple players together to make it easier for corporations to access credits from a range of registries and projects. It’s a distributed network of networks for the issuance of tokenized carbon credits, as well as trading and atomic settlement. ZERO 13 also supports ESG securities and has integrations with multiple blockchain technologies.
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