Seeking Alpha
2022-01-06 19:00:19

FDCTech inks deal with Freedom Holdings for blockchain-based carbon credit ecosystem

FDCTech (OTCQB:FDCT) has been selected by Freedom Holdings (OTCPK:FHLD) as its software development partner for developing blockchain-based carbon credit ecosystem for its unit Carbon Zero Asset Management. Under the development deal, the ecosystem will include minting and burning protocols, a transparent mechanism for validating and distributing tokens, and a trading venue for tokens. After validating the carbon credits, the proposed platform plans to transfer them to the blockchain - e.g. Ethereum - by converting them into digital tokens. The platform focuses on carbon credit generators or originators in the renewable space and voluntary schemes.

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