ZUG, Switzerland, Dec. 6, 2024 — The Hashgraph Association (THA), a Swiss innovator committed to a digital future for all, has contributed $1.5 million to the Global Centre for Sustainable Digital Finance as a founding member. This partnership will fund pioneering research and innovation in sustainable digital finance.
The Global Centre, a collaboration of Stanford University, the University of Zurich (UZH), and KAIST in South Korea, focuses on advancing research in sustainable digital finance, training students and professionals, and fostering global innovation. THA’s funding will bolster the Centre’s work on banking, ESG, financial inclusion, and climate finance.
THA’s contribution goes beyond funding. The organization will collaborate on projects using its Hedera DLT platform. THA will also provide DLT skills training using the Hedera Hashgraph platform to 360 students annually (2,160 over six years), and train 10 trainers (equivalent to 60 over the partnership duration). Participants receive Hedera certifications as NFTs.
Kamal Youssefi, President of The Hashgraph Association, stated, “At The Hashgraph Association, we are proud to continue supporting organizations that deliver environmentally sustainable finance solutions in an innovative and compliant way. A recent environmental impact study by University College London (UCL) comparing different distributed ledger networks proved that Hedera is the world’s most sustainable network. The Global Center for Sustainable Digital Finance fits perfectly into our Hedera Enablement Program, furthering THA’s efforts to expand research and development in Web3 and support sustainable initiatives.”
A recent survey of 37 UNDP country offices showed that sustainable digital finance is a priority, but only 40% have a digital finance strategy. THA’s partnership aims to bridge this gap through innovation, education, research, and implementation.
Thomas Puschmann, Founder and Executive Director of Global Center for Sustainable Digital Finance, states, “We are very pleased to be working with The Hashgraph Association. Sustainable digital finance has the potential to build inclusive, safe digital foundations, and technologies such as DLT, AI, and IoT, helping to increase transparency and reliability of information, especially in the climate financing domain. These foundations also aid in tackling corruption issues when funding SDG (Sustainable Development Goals) projects.”
The Hashgraph Association launched a $50 million Sustainability Venture Studio for enterprises earlier this year and partnered with Deloitte to verify corporate ESG impact, reporting, and sustainability claims using the Hedera Guardian. This collaboration with Deloitte NL Risk Advisory B.V. in the Netherlands focuses on measuring, tracking, reporting, and tokenizing ESG impact and sustainability claims on Hedera.
, President of The Hashgraph Association is available for an interview upon request
About Global Center for Sustainable Finance
Digitization and sustainability are transforming the financial system. The Global Center for Sustainable Digital Finance addresses the knowledge gap in this area, focusing on developing innovative approaches (research), accelerating them (impact), and training professionals (education).
About The Hashgraph Association
THA promotes the adoption of Hedera-powered enterprise solutions and decentralized applications, funding training, innovation, and venture-building globally. The Swiss-based non-profit funds innovation and research that fosters economic inclusion and a sustainable digital future with a positive ESG impact.
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