Utilizing Tokenization to Bring Accountability and Maturity to ESG Models - TOKEN2049 Singapore 2022
Experience the future of ESG models with Matt Harmon, Co-Founder of Hedera Hashgraph and Co-CEO of Swirls Labs, in this compelling talk from TOKEN2049 Singapore 2022. Delve into how tokenization and advanced distributed ledger technology are pioneering accountability and efficiency within Environmental, Social, and Governance (ESG) frameworks.
Harmon begins by highlighting the challenges of traditional layer one protocols, including energy consumption, high costs, and scalability issues, while emphasizing Hedera Hashgraph's unique solutions. Unlike conventional blockchain, Hedera's hashgraph technology offers unrivaled performance and security without the vulnerabilities typical of other platforms. Due to its remarkable energy efficiency, Hedera ensures a carbon-negative network, profoundly impacting businesses’ carbon reporting obligations as anticipated by upcoming regulatory changes.
The session illustrates Hedera’s transformative governance model, inspired by the Visa governance system of the 1960s. The Governing Council, comprising leading global enterprises, directs Hedera's strategic and operational decisions, ensuring transparency and stability.
Harmon further explores how Hedera is addressing sustainability through the tokenization of environmental data. By enabling the creation of emissions tokens and offset tokens, Hedera facilitates a transparent, auditable two-sided carbon marketplace. High-profile enterprise use cases, such as Avery Dennison's atma.io platform, demonstrate Hedera's integration into global supply chains, capturing carbon data and facilitating sustainable practices in real-time.
Concluding with insights into collaborations with major corporations, Harmon paints a vivid picture of Hedera's broad applications in ESG initiatives, from service platforms to green bond markets.
For a deeper understanding, visit hedera.com and join the conversation. Remember to like, comment, and subscribe for more enlightening content from TOKEN2049.
