Metasphere Labs (CSE:LABZ) has successfully completed the development of Pure Sky Registry’s blockchain-based carbon credit registry. The solution has been constructed directly on the blockchain in accordance with ISO 14000 carbon offsetting standards.
Key features of the solution include on-chain voting capabilities for decentralized autonomous organizations, enabling transparent governance and decision-making processes among shareholders. This advancement reflects a 6.25% increase in Metasphere Labs’ shares, now trading at C$0.17 as of 10:59 am ET.
According to a recent news release, Metasphere Labs expressed the significance of this milestone in enhancing transparency, efficiency, and security in carbon credit management through blockchain technology. CEO Natasha Ingram emphasized the company’s commitment to leveraging Web3 technology for positive global impact, particularly in addressing climate change.
Pure Sky’s blockchain-based solution stands out in the regenerative finance carbon credit landscape by adhering solely to blockchain protocols aligned with ISO 14000 standards. By incorporating features like on-chain voting for decentralized autonomous organization members, the platform promotes transparent governance and stakeholder collaboration.
This innovative platform equips organizations worldwide with a tool for managing carbon credits while upholding global standards for carbon offsetting. Metasphere Labs specializes in developing Web3 and metaverse strategies, with a specific focus on integrating blockchain technology into real-world applications to promote environmental sustainability and social impact.
Investors can track Metasphere Labs Inc.’s (CSE:LABZ) performance, with shares currently up by 6.25% to C$0.17 as of 10:59 am ET. For more insights and discussions on this stock, investors can explore the Metasphere Labs Inc. Bullboard investor discussion forum on Stockhouse’s platform.
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. For comprehensive disclaimer information, please refer to the disclaimer section here.
