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GIGATONS Partners with Alephium to tackle Climate Action

GIGATONS Partners with Alephium to tackle Climate Action

Abu Dhabi-based climate tech platform GIGATONS has announced Alephium as the foundational blockchain for its GIGA Protocol.

Image of Sahil ThakurSahil ThakurNews

Dec 9, 2024

Written By Sahil Thakur

Author: Sahil Thakur

Written On: Mon, 09 Dec 2024 05:50:32 GMT

Abu Dhabi-based climate tech platform GIGATONS has announced Alephium as the foundational blockchain for its GIGA Protocol. This strategic partnership aims to leverage Alephium’s scalable and energy-efficient blockchain to drive the global transition to net-zero emissions.

Tackling Climate Change with Blockchain

Unveiled during Abu Dhabi Finance Week, GIGATONS focuses on reducing the 59 gigatons of annual carbon emissions required to achieve net zero by 2050. Its GIGA Protocol integrates blockchain, AI, and advanced sustainable energy technologies to tokenize investments, validate carbon credits, and ensure transparency in climate projects.

Alephium’s blockchain technology underpins this initiative, enabling the tokenization of real-world assets and verification of carbon impacts. GIGATONS plans to mobilize and tokenize $100 billion over the next decade using this platform.

Why Alephium Was Chosen

After a thorough evaluation, GIGATONS selected Alephium for its unique capabilities in scalability, security, and sustainability.

  • Scalability: Alephium’s Blockflow technology ensures efficient handling of GIGATONS’ global projects.
  • Energy Efficiency: Alephium’s Proof of Less Work (PoLW) consensus reduces energy consumption by up to 92% compared to traditional Proof of Work systems.
  • Security and Programmability: Alephium provides robust smart contract capabilities and high-level security to protect tokenized investments.

“After evaluating all options, Alephium stood out as the only decentralized blockchain able to deliver the scalability, security, programmability, and sustainability we need,” said Heston Harper, Co-CEO of GIGATONS and CEO of GIGATECH.

Alephium founder Cheng Wang added, “Our partnership with GIGATONS validates our mission to build a scalable and sustainable blockchain that drives real-world impact.”

A Broader Vision for Sustainability

Headquartered in the Abu Dhabi Global Market, GIGATONS collaborates with government and private sector leaders to scale net-zero projects. Initial projects include an EV charging network in Australia and a solar-powered Bitcoin mining initiative with verifiable on-chain carbon accreditation.

By integrating blockchain with green finance, GIGATONS aims to inspire confidence in climate investments and attract global capital for impactful projects. This initiative also aligns with broader regulatory pushes for transparency in climate financing, including efforts in the U.S., Australia, and Brazil.

Setting a New Standard

The GIGATONS-Alephium partnership exemplifies how blockchain can support climate action without compromising environmental goals. By combining transparency, trust, and sustainability, this collaboration offers a blueprint for using technology to tackle climate change on a global scale.

For more information, visit GIGATONS and Alephium.

Note: This is a sponsored press release post. Please DYOR before making any investment decisions.

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In this article

Tackling Climate Change with Blockchain

Why Alephium Was Chosen

A Broader Vision for Sustainability

Setting a New Standard

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