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The Hashgraph Association Commits to Sustainable Digital Finance

The Hashgraph Association (THA), a prominent figure in digital innovation based in Switzerland, has made a pivotal commitment of $1.5 million to the Global Centre for Sustainable Digital Finance. This investment marks THA's role as a founding partner in a collaborative effort aimed at deepening research and advancing innovative practices where sustainability meets digital finance.

The Global Centre integrates expertise from notable academic institutions such as Stanford University, the University of Zurich, and the Korea Advanced Institute of Science and Technology in South Korea. Together, they focus on enhancing research aimed at fostering sustainable digital finance while also educating practitioners and students to catalyze innovation on a global scale.

With this partnership, THA seeks not only to fund but also to actively engage in project development utilizing its state-of-the-art Hedera Distributed Ledger Technology (DLT) platform. Their contribution will enable the training of 360 students each year for six years, amounting to over 2,160 students being equipped with the necessary skills to master DLT via the Hedera Hashgraph platform. Each participant will receive certification through NFTs (Non-Fungible Tokens), adding an innovative digital aspect to the credentialing process.

Kamal Youssefi, President of The Hashgraph Association, expressed enthusiasm for this initiative, stating, "We are proud to support organizations that present environmentally sustainable financial solutions in an innovative manner. A recent environmental impact study indicated that Hedera is the world's leading sustainable network, making our collaboration with the Global Centre a logical extension of our mission."

This partnership addresses significant global challenges by focusing on banking, Environmental, Social, and Governance (ESG) criteria, financial inclusion, and climate finance solutions. A particular concern arose from a recent UNDP survey, which indicated that while sustainable digital finance is increasingly recognized as a priority, only 40% of countries have a digital finance strategy in place. THA's objective is to narrow this gap through groundbreaking research, educational initiatives, and impactful implementations.

Thomas Puschmann, Founder and Executive Director of the Global Centre, emphasized the necessity of this collaboration, stating, "Sustainable digital finance can create inclusive, secure digital foundations. Technologies like DLT, Artificial Intelligence, and IoT can enhance transparency and reliability, particularly vital in the sphere of climate financing. Furthermore, these technologies may help mitigate corruption in funding Sustainable Development Goals (SDGs) projects."

Earlier this year, THA launched a $50 million Sustainability Venture Studio to assist enterprises in integrating sustainability awareness within their operations. Additionally, partnerships with leading firms like Deloitte are set to enhance the verification processes regarding corporate ESG impact and sustainability claims. These initiatives are centered around the Hedera Guardian platform, aiming to create a trusted ledger for environmental accountability.

Kamal Youssefi invites interested parties for interviews and discussions of THA's ambitious sustainability goals.

In summary, the Hashgraph Association is paving the way for a sustainable digital finance future by investing in vital research and education, thereby engaging diverse stakeholders in building a more inclusive and environmentally responsible digital economy. This strategic move aligns perfectly with THA's broader commitment to foster innovation through the adoption of advanced technologies like Hedera DLT, solidifying its position as a leader in both digital and sustainable financial landscapes.