HBAR Foundation, the development team behind the Hedera blockchain, announced via Twitter on Monday that Solid World will launch its mainnet on the Hedera blockchain this year. The move would enable carbon forwarding on Hedera, in turn helping the Hedera blockchain to scale the Voluntary Carbon Markets (VCMs) and accelerate the growth of carbon projects. Solid World is derisking climate financing by offering diversified ways to finance carbon projects.
Solid World is providing the infrastructure that will make it possible to issue and trade forward carbon credits in a public market that is fully transparent with clear price signals, the team added.
Hedera Hashgraph is distributed public ledger infrastructure. According to the team, it offers significant improvements over existing blockchains in five areas: performance, security, governance, stability, and regulatory compliance. HBAR is trading at $0.0529 at press time, up by 4% over the last 24 hours.