Swiss start-up simplifies verifiability of climate protection
Blockchain innovation for a sustainable future: trustwise.io ag drives the verifiability of climate protection with innovative solutions and is recognized accordingly by COP28.
The Swiss start-up trustwise.io ag has established itself as a finalist in the COP28UAE Tech Sprint with a pioneering solution for data-based verification of climate protection initiatives. The "TWEX Carbon Ledger" solution presented by the finalist deals with the carbon tax that will be levied by EU member states on CO2-containing imported goods from January 1, 2026. Through the use of verified and paid domestic CO2 certificates and offset credits, the "European Carbon Border Adjustment Mechanism" enables the reduction of this tax. These offset credits create a significant incentive for exporting countries to invest in projects that support their economies while actively combating global climate change.
"We are proud to contribute to the verifiability of climate protection and economic development with our solution. We are all the more pleased that this achievement has been recognized by the jury, consisting of the BIS Innovation Hub, the Central Bank of the UAE and the Ministry of Finance of the Emirates, and that we are a finalist in the COP28UAE Tech Sprint," emphasized Hans-Peter Gier, CEO and founder of trustwise.io ag.
trustwise.io ag is experiencing growing interest in international use cases in which blockchain technology is playing an increasingly important role in security and transparency. The company's goal is to accelerate and simplify the development of blockchain applications by providing a software platform. New functions are developed and defined in order to meet the constantly changing technical requirements faced by business areas such as the healthcare industry, the financial sector and other sectors.
Source: www.trustwise.io
