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Sunday, June 23, 2024

Thallo and SOCIALCARBON Unite for Registry Integration

Thallo, a pioneering climate technology company, has unveiled a significant registry integration with SOCIALCARBON, an ICROA-endorsed institution renowned for setting standards that prioritise nature-based solutions and their measurable positive impacts on local communities.

The strategic collaboration with SOCIALCARBON constitutes the third connection to Thallo’s innovative two-way carbon bridge—a groundbreaking infrastructure facilitating the secure transfer of carbon credits onto and off a public blockchain. This development enriches Thallo’s current roster of registry integrations, which already includes Puro.earth and BioCarbon Registry. The latter registries predominantly issue engineered carbon removals and nature-based carbon avoidance credits, respectively.

Ryan Gledhill, Co-founder and CEO of Thallo, emphasised the significance of this announcement: “Today’s revelation marks a crucial stride in granting our customers access to the entire carbon market. We are elated to partner with SOCIALCARBON, a standard that shares our dedication to environmental and social welfare, whilst also embracing advanced technology for innovation.”

Mike Davies, CEO of the Social Carbon Foundation, also expressed enthusiasm: “We’re eager to collaborate with industry leaders to amplify the value we offer to our network of project developers and buyers. This integration will extend additional liquidity avenues for project developers adhering to the SOCIALCARBON Standard, empowering them to deliver substantial impact.”

Thallo has already introduced its Carbon-as-a-Service initiative, which enables customers to leverage Thallo’s two-way bridge for accessing blockchain-based carbon credits, also known as “tokenised” credits. In the forthcoming months, Thallo will unveil its carbon marketplace, facilitating direct carbon credit transactions between buyers and project developers.

SOCIALCARBON, a comprehensive international Greenhouse Gas (GHG) standard centred around Nature-Based Solutions, underwent a transition from a co-benefit standard to a complete standard in 2022. With six projects listed and a projected pipeline of 30 projects for 2024, SOCIALCARBON bears ICROA endorsement and conditional approval under CORSIA. Employing a blockchain-based registry, SOCIALCARBON leverages cutting-edge technology to enhance the auditability, transparency, and security of Social Carbon Units (SCUs) issued under its Standard.

Sam Allcock
Sam Allcockhttps://businesslancashire.co.uk/
Sam Allcock is a highly regarded digital entrepreneur with over 20 years’ experience in online marketing for some of the World’s biggest brands. He has extensive knowledge and experience in SEO and digital marketing. He is based in Cheshire but has an interest in all things going on in the North West and enjoys contributing local news to the site.
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