Rubix & Trst01 collaborated to assist governments, organizations, and individuals accelerate climate action using Web3 green blockchain tech
Rubix & Trst01 Green Blockchain
Rubix is a blockchain technology that operates at the Layer 1 level, allowing for peer-to-peer data transmission and transactions. Having operations in Singapore, India, the United Kingdom, the United Arab Emirates, and the US, Rubix is a Web based scale protocol that charges no transaction fees and has minimum infrastructure expenses while yet providing high levels of security and privacy protection. Rubix is among the lowest energy usage rates of any computer network, consuming less than 1 kWh per operation on an average.
A partnership between Trst01 and Rubix was announced today, allowing the two companies to combine their Web3 green blockchain technology systems and solutions expertise to assist governments, organizations, and citizens in speeding up their climate action and lowering the cost of switching to a sustainable, successful green economy.
Business leaders and communities all over the world have made unprecedented commitments to environmental, social, and governance (ESG) and Net Zero, including the pledge to rethink and where required leapfrog existing business models, techniques, and digital transformation efforts in the face of the ongoing COVID-19 pandemic.
The advent of remote working, living, and learning in early 2020 has necessitated the development of an aggressive digital strategy for certain firms and individuals in order to remain competitive. This initiative has proven to be more than a one-time rapid fire reaction to a once-in-a-century global health disaster after the development of futureproofed goods, services, and business systems in response to the crisis. The way people throughout the world negotiate the increasing public health issue brought on by climate change has changed dramatically as a result of their efforts.
Trst01 and Rubix have formed a unique, first-of-its-kind relationship that is characterised by its decentralization and P2P Web3 technology architecture. As a result of this cooperation, users will be able to become active participants in the battle against climate change. The combined use of these Web3 tools does more than simply reflect the real-world corporate environment. It establishes a whole new environment for collecting information at the point of origin, monitoring the owner’s identification, and avoiding manipulation and fraud through the use of redundant data storage. Using green blockchain technology, such as those provided by Trst01 and Rubix, it is possible to identify these resources and make major contributions to shifting the dynamic of who is responsible for financing the essential reforms to achieve a zero-carbon future.
Quotes
Prabir Misra, CEO of Trst01, said: “COVID became a wakeup call to think about all the potential risks to their business and they quickly realized that they need to do all they can to fight climate change. Businesses and individuals know that they need to tackle climate change with the same collective vision that helped them fight the COVID pandemic. It is inspiring to see unprecedented climate, ESG and Net Zero commitments from businesses and individuals from all over the world, especially those who recognize the growing advantage of problem solving with Web3 technologies.”
KC Reddy, Rubix chief architect and founder, added: “While these commitments are encouraging, there are many barriers to implementation, chief among them a unified approach to digitizing climate actions. Enterprises and their stakeholders need to have a comprehensive and holistic system to capture, track, inform, and validate information. This will drive transparent business decision making which in turn will improve organizational agility and accelerate climate actions. These next generation efforts to digitize climate actions must be based on Web3 technologies.”
