Xeptagon showcases Carbon Trading Technology at Asian Financial Forum (AFF) 2023

Jan 2023

Xeptagon took part in the Asian Financial Forum (AFF) 2023 held in Hong Kong. The event brought together many global financial thought leaders in person with the participation of industry leaders, policymakers, fintech innovators and investors from over 80 countries. With the event having a core focus on sustainability and decarbonization this year, Xeptagon was able to introduce the recent work carried out in the Carbon Credit Registry and Carbon Credit Trading domains (more details here) to the participants. In addition, we introduced our fintech products and fintech development services on blockchain and financial data modelling.

The 16th edition of the Asian Financial Forum, organized by the Government of the Hong Kong Special Administrative Region (HKSAR) and the Hong Kong Trade Development Council (HKTDC), was held from the 11th to the 12th of January 2023, at the Hong Kong Convention and Exhibition Centre (HKCEC). The event gained participants from over 80 countries with over 170 global speakers. The theme for the year was “Accelerating Transformation: Impact - Inclusion - Innovation”. This event created multiple business and collaboration opportunities allowing exhibitors to raise brand awareness as well as interact with potential clients and investors through the deal flow matchmaking sessions.

Apart from global financial leaders, key policymakers such as the former United Nations Secretary General Ban Ki-moon also participated in the forum. The importance of quickly attending to the environmental threats faced by the planet was stressed with a focus on achieving the UN Sustainable Development Goals (SDGs). Discussions were also on how the global finance sector can move towards a net carbon zero future. These discussions made sustainability and decarbonization the core focus of the event.

Xeptagon is currently developing a national level carbon credit registry and a trading system for an inter-governmental organization. The system is in line with the net-zero carbon goals discussed in the forum. The blockchain based carbon credit registry will support the full carbon credit life cycles with the ability to authorize, transfer, certify and retire carbon credits. The use of blockchain is to safeguard immutability and transparency in the carbon credit transfer process. The initial phase of the project will be launched in the 1st quarter of 2023.

Xeptagon intends to continuously work on the carbon trading domain as well as blockchain, metaverse, NFT, and the financial analytics domains.