AirCarbon Exchange Joins the InterWork Alliance
13 November, 2020, Singapore
AirCarbon Exchange (AirCarbon), a Singapore-based Carbon Commodities Exchange, announced today that it has joined the InterWork Alliance (IWA), a platform-neutral, non-profit organization dedicated to creating the standards frameworks needed to increase innovation across token-enabled ecosystems.
As a member of the IWA, AirCarbon will collaborate with the organization’s global member-base to set the standards for building distributed applications, including appropriate frameworks for tokenizing items of value, writing contracts over those tokens, and privacy-preserving analytics of multi-party data. AirCarbon uses hybrid distributed ledger and traditional central-limit order book trading technology to create securitized carbon credit tokens. AirCarbon’s Spot and soon a Futures market, allows corporations, carbon developers and other organizations to manage their voluntary and compliance carbon emissions in a transparent, low cost, and high liquidity environment.
“AirCarbon is excited to be part of the IWA and will be joining IWA’s Sustainability and DLT Security Working Groups,” announced Mr William Pazos, COO and Co-Founder of AirCarbon. “We are moving into a carbon constrained reality and being part of IWA and the working groups give us the opportunity to collaborate with like-minded organizations.”
IWA frameworks will enable businesses to create standardized token definitions and contracts in non-technical, business terms, and then turn them over to developers for coding on any platform of choice. The Alliance’s focus areas include:
The Token Taxonomy Framework: provides a common language and toolset that enables multiple parties to agree on the definition of a token and how its value can be exchanged or used
The InterWork Framework: allows businesses to compose multi-party contracts from clauses that directly correlate to the token standards, enabling communication protocols to be defined and connected to framework components regardless of the eventual technology deployment
The Analytics Framework: enables organizations to derive additional business value from a privacy-preserving analysis of multi-party contracts, and shared data schema for value-add AI services and market-driven data reporting
About the InterWork Alliance
The InterWork Alliance (IWA) is a non-profit, member-led organization creating platform-neutral specifications and trusted certification to define how digital token business processes can interwork regardless of location or market segment. By focusing on real-world projects, market requirements, and performance metrics, the IWA will define tokenization and interworking standards to drive business-level interoperability, multi-party interchange, and trust across applications and networks. Our global membership includes leaders, adopters, innovators, developers, and businesses representing the best practices for every use case the token-powered ecosystem has to offer.
About the AirCarbon Exchange
AirCarbon Exchange (“AirCarbon”), operating under Singapore's Commodity Trading Act administered by Enterprise Singapore, has built a hybrid trading platform based on a central order book architecture with blockchain for settlement and clearing. The marketplace serves industry stakeholders, carbon projects, and traders reducing the friction and complexity of trading carbon emissions. The Exchange provides carbon traders an efficient and regulated trading platform with low commissions.