[ANN][ICO] Veridium - Automating World's Carbon Market - Partnered with IBM

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Tech Crunch - Veridium Labs teams with IBM and Stellar on carbon credit blockchain
Bitcoin Magazine - IBM and Veridium to Transform Carbon Credits into Blockchain-Based Tokens
Nasdaq - IBM and Veridium to Transform Carbon Credits into Blockchain-Based Tokens
MarketWatch - IBM and Veridium Labs partner to use blockchain technology to improve carbon-credit markets
Cryptoslate - Stellar Joins Forces With IBM to Bring Carbon Credits to the Blockchain
PC Mag - Blockchain Tokens Create a New Way to Manage Carbon Footprints
CoinTelegraph - IBM Partners With Veridium Labs To Let Companies Track Carbon Footprint Via Blockchain
Forbes - IBM To Use Stellar For Its First Crypto-Token On A Public Blockchain
Coindesk - IBM Is Helping Build a Carbon Credit Blockchain Token

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Brian Kelly Capital Management and BlockTower Capital Join Veridium as Lead Token Buyers

HONG KONG--(BUSINESS WIRE)--

Ahead of its token sale, Veridium has announced strategic lead token purchases totaling $5 million, including purchases from additional funds in the Asia-Pacific region

Veridium Labs Ltd (https://www.veridium.io/), the environmental blockchain technology company that has partnered with IBM to build tokenized carbon credit markets, announces today strategic purchases from key lead token buyers: Brian Kelly Capital Management, BlockTower Capital, JCH Capital PTY, and Pink Sky Capital. The investment of $5 million comes just before the start of Veridium’s presale.

Veridium’s community of early adopters mirrors the company’s own highly experienced team. The announced group of serial entrepreneurs and venture capitalists are eager to accelerate innovation and support Veridium’s goal of transforming the carbon credit industry through immutable blockchain technology.

Veridium’s unique solution for issuing carbon credits will transform them into a new type of tokenized digital asset that can be traded and utilized with less friction. The Veridium solution addresses problems associated with using carbon offsets today such as liquidity, expiration dates, price variations, and multiple verification standards. Whereas the traditional process of offsetting corporate carbon footprints can be arduous, Veridium’s blockchain solution automates this process and makes transaction reconciliation easy.

“The prominence of the our lead token buyers in both the crypto and financial industries, shows not only the viability of Veridium, but also highlights the importance of the goals we are trying to achieve,” said Todd Lemons, Chairman of the Veridium Foundation, “Having prominent funds such as BlockTower Capital and Brian Kelly support Veridium is a strong confirmation of our progress as we execute Veridium’s vision of transitioning to a sustainable economy.”

About:
Veridium is an environmental blockchain company producing disruptive sustainability solutions for Fortune 500 companies. Using a set of proprietary carbon accounting protocols developed by EcoSmart Labs, Veridium has created a tokenized carbon offset solution that will bring new liquidity to environmental trading markets and create simplified carbon accounting & offsetting for enterprise users. The protocols also offset the carbon emissions associated with the digital token itself, thereby mitigating the growing concern over the carbon emissions associated with the blockchain industry.


Source : https://finance.yahoo.com/news/brian-kelly-capital-management-blocktower-130000608.html