11 explained the state of affairs of sustainability challenges, “While globally, 37 industrialized countries ratified Kyoto Protocol in 1992 to reduce the emission of greenhouse gases, it did not reduce the overall greenhouse emission. Subsequently, the movement extended towards 196 countries that ratified the Paris Protocol in 2015 to ensure a great push towards climate change. However, most developing economies highlighted climate justice when developed economies outsourced the most pollutive industries to these nations, saddled with escalating carbon emissions from advanced countries. Concurrently, with the advent of carbon credits and trading, the multinationals were monetizing on the credits the farmers engaged in the afforestation activities with nature-based solutions were inequitably incentivized. Deploying DMRV technologies and Carbon Credits for Climate Change With this, Global Catalyst Advisory leverages dynamic monitoring, reporting, and validation technologies (DNRV), a combination of web3 blockchain technologies, to ensure the traceability of this nature-based afforestation. The company synergizes IOT, satellite, drones, and blockchain to ensure the afforestation projects’ permanence and immutability. Upon pledging to a carbon reduction projection and credits, these projects will be securitized by blockchain to ensure the trees are protected. Satellite and IOT images have also helped monitor these trees against illegal logging. With these technologies, GCA has moved towards unleashing consumerism to participate in carbon reduction projects, which are usually an institutional play. “Current carbon credits were merited and traded based on a full tonnage which only involves institutional trading. The advent of web3 technologies allows fractionalizing the tonnage of carbon credits, empowering consumers to participate. In this aspect, green conscious consumers may aggregate the credits and generate greater liquidity in the carbon credit market. Concurrently, we provided full transparency and traceability to every carbon certificate to authenticate the carbon value chain against greenwashing”, Victor explained. With Victor’s advocacy, carbon credits can be frationalized to an astounding granularity of a gram for trading in which concerned sustainable consumers can participate. Balancing People, Planet, and Profit In their latest endeavor, Global Catalyst Advisory is collaborating with a 50,000acre durian plantation to link consumer participation through growing digital trees in the metaverse while linking to growing real trees at the plantation. This allows carbon credits to be accrued to all parties. In this regard, Victor emphasized that the farmers involved in the plantation would have their carbon credit interests safeguarded through blockchain. This fulfills his ideology of balancing the triple bottom line of “People, Planet, and Profit.” Victor elaborated philosophically, “I have learned where God uses the most unlikely, everyday hero, like David, a shepherd, to defeat the monstrosity and towering problems like Goliath. Daily, I reminded myself to search for small prints left by God as solutions to ready societal challenges. While chairing Global Compact at the United Nations, I learned about natural pairing by housing retired villages with childcare centers that provide a symbiotic effect of senior citizens’ love, attention, and care with affection yearning for children. Also, in agriculture, I learned that farm discharge and wastes can be treated as closed-loop resources to resolve water, fertilizer, and energy issues. It is usually when humans abuse nature’s pairing that results in environmental abuse and resource wastage”. He pointed out that many business intelligence and data mining had revealed systematic patterns and affinity pairing in solution implementation. “It is not unusual that many innovators and scientists have drawn creative solutions from nature’s system and harmony,” concludes Victor. Focus on Resolving World’s Problems Victor emphasized that Global Catalyst Advisory, like Oxford and Oxfam, aims to “Resolve the World’s Problems” while offering client solutions on a strategic long-term basis. He explained that the firm only picks projects which will fulfil the triple bottom line of people, planet, and profit. Victor chaired regular business fora at Lee Kuan Yew School of Public Policies at the National University of Singapore, focusing on business and regulatory issues. He was also the Honorary Advisor and Governing Council at the Singapore Digital Chamber of Commerce and the ASEAN Business Alliance. He believes in overlaying digitalization solutions, innovative mindset, and regulatory forces to effect industry and business transformation. “Many businesses were disrupted as they overly emphasized financial gain that it ceased to provide value. We believe that all successful and sustainable businesses must fulfill the equilibrium of preserving the planet, fulfilling people’s expectations while generating profit as a collective outcome.” “Many businesses were disrupted as they overly emphasized financial gain that it ceased to provide value. We believe that all successful and sustainable businesses must fulfill the equilibrium of preserving the planet, fulfilling people’s expectations while generating profit as a collective outcome.”
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