ZERO13, GMEX Group’s climate fintech ESG venture, has won the COP28 UAE TechSprint, which aims to encourage the participation of financial innovators and developers from global private and public sector entities in fast-tracking innovative technology solutions committed to scaling up climate action through advancing innovative technology solutions in sustainable finance.
Amidst strong competition and numerous outstanding applications, our groundbreaking Blockchain Technology solution stood out as one of the most innovative in the field per the judges’ unanimous decision. ZERO13 won problem statement #2, on blockchain, with our blockchain-driven platform facilitating issuance, trading, clearing and settlements of carbon credits linked to tangible ESG assets, with an approach based on interoperability of multiple blockchains and Application Programming Interfaces.
This recognition underscores our commitment to pushing the boundaries of what’s possible in the world of digital climate fintech. In our case, this is how ZERO13’s Platform-as-a-Service can help achieve Net Zero:
✓ By leveraging software and blockchain rails to restore trust in carbon credit markets, interconnecting carbon market participants into a global ecosystem for financial and environmental gains, with a focus on Energy, Water & Food.
✓ By offering a distributed point of entry for digital issuance, trading and real-time settlement of carbon credits and other ESG assets, with supply verification and transparent pricing whilst addressing greenwashing/fraudulent credits, double counting, price transparency, vertical silos and market fragmentation.
✓ By serving as a hub and spoke connective tissue to connect multiple international carbon exchanges and other buyside carbon emitters and custodians, with supply side carbon offset projects and ESG project owners globally to drive distribution.
✓ By integrating the interfaces with established and newer 3rd party registries to maintain carbon credit ledger records.