DOVU and Poly Network join forces
On our journey to create a more transparent and open ecosystem, DOVU is delighted to announce a collaborative partnership with Poly Network.
Poly Network is all about allowing cross-platform operations to take place, which helps increase transparency and accessibility.
Projects that take advantage of diverging systems can connect to Poly Network to collaborate and interact with each other through an open and transparent admission mechanism.
Poly Network has already integrated Bitcoin, Ethereum, Neo, Ontology, Elrond, Zilliqa, Binance Smart Chain, Switcheo, Huobi ECO Chain and OKExChain.
DOVU, backed by InMotion, the venture arm of Jaguar Land Rover, is a tokenized data economy for DeFi carbon offsetting. Landowners committed to carbon sequestration practices can tokenize their land to make it easy for businesses and individuals to offset their carbon footprint through its decentralized marketplace.
DOVU connects those landowners to investors and businesses who want to offset their carbon footprint through an ecosystem built on trust, while ensuring fast, fair, and secure issuance and exchange of tokenized carbon credits.
By using Hedera, DOVU sees greater customer adoption, retention, and satisfaction. The technology creates trust in the platform, meaning users are more willing to participate in their carbon credit marketplace.
Tan Yuan, Tech Leader at Poly Network, said:
“Cross-chain interoperability is becoming increasingly important as we focus on moving away from a siloed way of working, and Poly Network marks a key milestone in the development of the blockchain industry. Having DOVU as our strategic partner enables Poly Network to move 10 steps ahead of our adoption goal.”
Irfon Watkins, Founder of DOVU, said:
“It’s amazing how cross-chain composability evolved over the last couple of years. Blockchains being isolated from one another is a distant memory and it’s exciting to see what lies ahead. PolyNetwork is a leader in this space and we are excited to embark on this journey together.”
About Poly Network
Poly Network is an interoperability protocol for heterogeneous blockchains. It has a wide range of support across a lot of blockchains as a result of how easy it is to join in. Based on cryptography, Poly Networks add an extra layer of complex security mechanisms that makes cross-chain transactions extra secure.
Poly Network has implemented interoperability with 10 heterogeneous chains including Bitcoin, Ethereum, Neo, Ontology, BSC, Heco, OKExChain, Elrond, Zilliqa and Cosmos-SDK. Since the launch, the protocol has enabled cross-chain asset transfer of nearly 4.5 billion U.S. dollars involving more than 110K addresses on different blockchains.
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DOVU is a tokenized data economy for DeFi carbon offsetting. It uses Hedera to inexpensively issue tokenized carbon credits to any person, business, or government, to fund projects which remove, capture, or sequester carbon from the environment. By doing this, they’re helping achieve a more sustainable future for everyone.