UAE based Venom Blockchain has signed an MOU ( Memorandum of Understanding) with the UAE Ministry of Climate Change and environment to launch the first blockchain enabled national system for carbon credits. The collaboration aims to reduce emissions and enhance sustainable agriculture, environmental health, and biodiversity in the UAE. This will be achieved by providing the highest levels of transparency, reliability, efficiency, and security in managing the issuance, transfer, calculation, and accurate tracking of carbon credits, as well as facilitating the digitisation process. The MoU was signed by Mohammed Said Al Nuaimi, Acting Under-Secretary of MoCCAE, Taryam Matar Taryam, CEO of Industrial Innovation Group, and Peter Knez, Chair of the Foundation Council at Venom Foundation, at the Ministry's office in Dubai. Almheiri said, “As the UAE prepares to host COP28 in November, the country is striving to double its efforts and showcase its inspiring experience to ...