InterOpera, a blockchain infrastructure provider, has launched OperaX, a carbon credit and renewable energy certificate exchange platform. This platform allows for the digital exchange of carbon assets and offers robust blockchain infrastructure for all types of assets.
The launch of OperaX follows InterOpera’s participation as the official technology partner in Project Genesis 2.0, a joint project by the Bank for International Settlements (BIS) Innovation Hub Hong Kong Centre and the United Nations Framework Convention on Climate Change (UNFCCC). This project demonstrated the effective monitoring and transfer of digitalized carbon credits using blockchain technology.
InterOpera is now working towards commercializing this proof-of-concept with global institutional partners. OperaX aims to address key challenges in carbon markets, such as double counting, issuance, and offsetting, by providing a verifiable and auditable trail of the carbon credit’s entire lifecycle. This approach enhances compliance, transparency, and credibility in carbon credit transactions. In an effort to promote the use of carbon credits and achieve carbon neutrality, InterOpera will conduct a one-month open beta phase with its ecosystem partners.
OperaX will offer a 0% transaction fee for buyers, making it the most buyer-centric exchange in the industry. The launch of OperaX aligns with Singapore’s ambition to become a leading carbon services and trading hub. InterOpera aims to leverage this growing momentum and establish itself as a prominent and innovative technology company in the carbon market.