Hassan Maishera
HBAR Foundation, the development team behind the Hedera blockchain, announced via a blog post on Tuesday that it has partnered with the Capitals Coalition to launch the new Global Digital Single Market Data Alliance (DSMDA).
This initiative of the Coalition’s Digital Sustainability Disclosures (DSD) Project aims to tokenize the global framework for digital sustainability data exchange and reporting via the Hedera Guardian.
Thanks to this partnership, members of this task force of Hedera Guardian users will be able to achieve better verifiable enterprise reporting that is auditable, create climate data that is mapped to XBRL Taxonomies, and ensure alignment with the EU’s Corporate Sustainability Reporting Directive’s (CSRD), European Sustainability Reporting Standards (ESRS), Global Reporting Initiative (GRI), and International Supervisory Sustainability Board (ISSB).
By embedding these standards into the Guardian’s workflows, the Capitals Coalition will help Guardian users build transparent, traceable, and auditable records of climate actions, directly connected to various parts of the value chain. Using the Hedera Guardian’s tokenization capabilities and its ability to manage multiple, independently auditable workflows, users can now reference and build on climate data from upstream and downstream sources, offering comprehensive insights into emissions at each stage of the value chain.
Hedera Hashgraph is a distributed public ledger infrastructure. According to the team, it offers significant improvements over existing blockchains in five areas: performance, security, governance, stability, and regulatory compliance. HBAR is trading at $0.29148 at press time, up 5% over the last 24 hours.
