Strengthening Tokenized Assets in ESG Markets: Meeco Blends In Zk-Proof DID wallet on Hedera

• Meeco announces the rollout of its Zero-knowledge proof (ZKP), Decentralized Identifier (DID) and token visualization tool on Hedera.

• This new wallet capability is essential to enable new types of financial markets to develop that use digital assets that assign true value to sustainability outcomes, highlights Rob Allen, SVP of Ecosystem Acceleration at the HBAR Foundation. 

• It aims to strengthen the transparency and audibility of tokenized assets in the Environment, Social and Governance markets. 

The provider of data privacy and digital identity solutions, Meeco, has recently announced the rolling out of its Zero-knowledge proof (ZKP), Decentralized Identifier (DID) and token visualization tool on Hedera with the support from HBAR Foundation. 

Hedera is a decentralized Proof-of-Stake (PoS) public network. And Meeco facilitates a smooth the way for people to manage, visualize and share trusted information regarding decentralized identifiers and tokens. 

And is an open-source interface that would support higher transparency to sustainability projects based on Hedera. 

The tool Trustry will be used with the Guardian, which is an open-source system digitalizing the methodologies that measure, report, and verify the components of a particular project down to metric tonne. The Guardian allows the Hedera based tokens to carry on a linked relationship to the roles, actors, and data created by ecological projects which follow a methodology backed by science.

And this is a feature that enables transparent communication to stakeholders, which also include government and NGOs and the entire audibility of particular assets. 

According to the SVP of Ecosystem Acceleration at the HBAR Foundation, Rob Allen, The new wallet capability and visualization tooling that Meeco is facilitating to the Hedera’s Guardian Infrastructure is essential to enable new types of financial markets to develop that use digital assets that assign true value to sustainability outcomes. 

He further added that whether this is the high fidelity tokenization of carbon credits, emissions tracing, proofs of water rights, or even the encapsulation of data associated with habitual renewal and biodiversity, these news markets are going to drive sustainable economies in Australia and worldwide. 

According to the Founder and CEO of Meeco, Katryna Dow, as the ESG market matures, it is really important that we have simple and transparent mechanisms for people, regulators and enterprises to share the value and verify the provenance and authenticity of tokenized assets. And that this capacity to share and verify is crucial to building up trust in the fast-growing carbon markets and to Non-Fungible Tokens more broadly. 

And with this taking out of the ZKP wallet out of the box, projects based on Guardian can now enable attestations of their credentials and data with cryptographic validity and make sure there is compliance with the present data laws. Additionally, Meeco will facilitate a one-stop dashboard to support ESG Auditors in their fiduciary roles. 

Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.

Latest posts by Nancy J. Allen (see all)