Axis Technologies Group and Carbonis Forge Ahead with New Digital Carbon Credit Technology [Yahoo! Finance]
AXIS TECHS GROUP INC (AXTG)
Company Research
Source: Yahoo! Finance
traded on OTC Markets, is thrilled to announce a strategic advancement in its partnership with Carbonis. This collaboration introduces a new blockchain platform with a DAO governance protocol and the minting of an initial batch of 50 million CO2e carbon credit tokens by Carbonis. This innovative blockchain platform, developed in partnership with Carbonis, is designed to support the digitization and governance of carbon credits, reinforcing the commitment both companies share towards environmental sustainability. The DAO (Decentralized Autonomous Organization) governance model will ensure that all stakeholders have a voice in the management of carbon credits, ensuring transparency and community engagement. "The minting of the first 50 million CO2e carbon credit tokens marks a significant milestone for Axis Technologies Group, as it helps us meet our carbon credits commitment outlined in our August 22, 2022 press release," said Dr. William TiEN, CEO of Axis Technologies Group. "Our
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