Blockchain Companies Dovu and Tymlez Join Forces to Reduce Carbon Emissions

The rapid growth of the blockchain technology market has raised concerns about its impact on sustainability. According to Emeritus, the market is currently valued at $4.7 billion, which is predicted to triple by 2027. The amount of energy used in its production and mining has become a priority for many in the industry.

In a recent interview on “Gossip about Gossip,” Matt Smithies, CTO of Dovu, and Dan Voyce, CTO of Tymlez, discussed their partnership and how it will help reduce carbon emissions. The integration will allow Tymlez’s customers to buy fully verified carbon credits through Dovu’s DNRV solution, which accurately reports carbon intensity and creates audit-ready reports of carbon emissions.

Smithies and Voyce also discussed risks carbon emissions pose in the blockchain technology landscape. They emphasized the importance of finding the demand to fit the supply of carbon credits to avoid oversupplying. The long-term benefits of carbon credits were also highlighted.

The partnership between Dovu and Tymlez demonstrates a commitment to sustainability and a willingness to collaborate to reduce carbon emissions. As the blockchain technology market continues to grow, it is crucial for companies to prioritize sustainability and work together to address the challenges that arise.

Follow us on social media for the latest updates in B2B!

Image

Latest

Crystal Springs Resort
Crystal Springs Resort Re-engages Maestro PMS’ All-In-One Multi-Property Solution to Boost Hotel and Spa Operations
May 21, 2024

After a brief hiatus, the premier golf and spa destination returns to Maestro PMS to improve on-property communications and unify operations; Visit Maestro in Booth #1844 at HITEC Charlotte. MARKHAM, Ontario — May 21, 2024 — Nestled in the Appalachian Valley is the Crystal Springs Resort featuring two hotels – Minerals Hotel and Grand Cascades…

Read More
innovative data center practices
Applied Digital Strengthens Community Relations through Innovative Data Center Practices
May 21, 2024

As Applied Digital continues to expand its footprint across rural America, its commitment to integrating with and revitalizing local communities stands out. The company’s unique approach to building and operating data centers brings advanced technology to these areas while stimulating local economies and fostering community development. How does Applied Digital ensure seamless integration and…

Read More
data center operators
From Fields to Data Centers: Applied Digital’s Training Program Transforms Farmers into Data Center Operators
May 21, 2024

Nick Phillips, the EVP of Hosting Operations and Public Affairs at Applied Digital, emphasizes the transformative impact of Applied Digital’s training programs, which convert agricultural land into high-tech data centers and enable farmers to transition into skilled data center operators. This initiative highlights the company’s commitment to community development and technological advancement.

Read More
water conservation and sustainability
Water Conservation and Sustainability Are Critical for a Data Center’s Success
May 21, 2024

Digital infrastructure is essential, and as data centers expand, their environmental impact, water conservation and sustainability have come under scrutiny. As the demand for data storage and processing capabilities grows exponentially, so does the concern for the environmental impact of these facilities, particularly in terms of water usage. Nick Phillips, the EVP of Hosting…

Read More