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Papua New Guinea Embraces Green Blockchain: Fedrok AG & Howarig Traders Launch Carbon Credit Payment Platform

by NZU
20 4 月, 2025
in Crypto News
0
Papua New Guinea Embraces Green Blockchain: Fedrok AG & Howarig Traders Launch Carbon Credit Payment Platform

In an exciting new development, Swiss blockchain firm Fedrok AG has joined forces with Papua New Guinea’s Howarig Traders. This collaboration aims to boost renewable energy use and blockchain technology across the nation, creating meaningful opportunities for sustainable development.

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A Partnership with Purpose

Announced recently, this partnership is all about combining renewable energy with blockchain technology. Fedrok AG, a Swiss-registered blockchain company focused on sustainability, has developed a novel “Proof of Green” consensus mechanism that rewards blockchain activity powered by renewable energy.

Howarig Traders, based in Papua New Guinea (PNG), is known locally for its work in renewable energy projects. The company will help Fedrok apply blockchain tech directly to clean energy initiatives throughout the country. Together, they’re aiming to set an example for sustainable blockchain practices globally.

An important reason behind this collaboration is to introduce the T4G Pay system to Papua New Guinea. This blockchain-based payment platform integrates tokenized carbon credits and is designed to promote climate-positive financial activity. The platform will run on Fedrok’s Proof of Green consensus mechanism and use the T4G Token (T4GT), a stablecoin developed for everyday transactions across PNG. While T4GT powers the payment system locally, Fedrok’s broader blockchain ecosystem is built around the FDK Coin, its native cryptocurrency used for infrastructure-level operations and tokenized carbon markets beyond PNG.

Green Energy as a Priority

Fedrok’s Proof of Green method rewards renewable energy use by linking blockchain activities directly to measurable carbon reductions. Traditional blockchain activities have faced criticism for consuming high amounts of energy. Fedrok’s model handles this challenge by incentivizing energy efficiency from the start.

For Papua New Guinea, a country full of renewable energy potential but reliant on fossil fuels, this could seriously change how energy is used. Howarig Traders will assist Fedrok in setting up projects involving solar, hydro, and wind power, all feeding directly into blockchain mining operations. This way, both carbon emissions and energy waste are reduced.

The collaboration also emphasizes carbon credit tokenization. Through T4G Pay, landowners will be able to form Incorporated Land Groups (ILGs), map and assess carbon stock on their land, and claim tokenized carbon credits. These credits can then be traded transparently and securely on-chain, reducing fraud and promoting verifiable climate action.

Real Opportunities for PNG’s Economy

One of the partnership’s promises is its potential boost to the local economy. Renewable energy and blockchain combined can create immediate jobs and stimulate growth in technology-related fields.

Training and skill-building programs are planned to make sure that local communities actively participate and gain expertise in both blockchain technology and renewable energy.

“This is about helping local communities participate in the carbon economy,” said Dr. Philip Blazdell, CEO of Fedrok AG.

This fits well with Howarig Traders’ long-term dedication to empowering communities and fostering local economic development.

The T4G Pay system is also being developed with financial inclusion in mind. In a country where a huge portion of the population remains unbanked, T4G Pay will provide access through mobile apps, USSD codes for offline transactions, point-of-sale systems for merchants, and even T4G Visa cards. This allows rural and underserved populations to participate in both the digital and green economy.

Proceeds from carbon credit sales will be distributed through smart contracts, guaranteeing that landowners receive a fair share, between 45–65% of net proceeds, after allocations for government, platform operations, and development. This transparent revenue-sharing model aims to build lasting infrastructure while delivering direct benefits to local communities.

Transparency and Trust

Another advantage of blockchain is transparency. Fedrok AG intends to use blockchain technology to clearly track renewable energy production and carbon reductions. This transparent and secure record will help build trust and accountability around environmental initiatives.

Greater transparency could attract further international investment and support, improving Papua New Guinea’s standing as a leader in sustainable innovation. The implementation of T4G Pay will further enrich transparency in financial transactions, reducing corruption and mismanagement risks. The use of SevisPass Digital ID for platform access adds a secure, government-linked identity verification layer for users.

A Step Forward for Sustainability

Around the world, industries face increased pressure to adopt environmentally friendly practices. This partnership is a direct response, demonstrating how blockchain can be used practically and responsibly.

With clear objectives and actionable plans, this partnership could become a leading example for other nations aiming to merge renewable energy with blockchain technology. It marks a notable step forward, not only for PNG but for sustainable practices globally.

What’s Next?

Both Fedrok AG and Howarig Traders have indicated that initial projects under this partnership will start soon, with pilot initiatives in various parts of Papua New Guinea. Already, there’s enthusiasm among local communities and governmental bodies about the positive impact this collaboration might have.

As the world keeps an eye on these developments, Fedrok AG and Howarig Traders are setting a positive pace, showing how combining blockchain with renewable energy, innovative payment solutions like T4G Pay, tokenized carbon credits, and inclusive infrastructure can genuinely support national development.

This partnership is a bold and thoughtful experiment in using decentralized technology for real-world impact, one that could serve as a global blueprint for future sustainable blockchain initiatives.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Credit: Source link

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