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THE GROWHUB LIMITED (NASDAQ:TGHL) ("The GrowHub" or the "Company"), a Singapore-based company leveraging blockchain technology to enhance product traceability and authenticity, announced it has signed a Memorandum of Understanding ("MoU") with the Government of the Republic of Srpska (Republic of Srpska, Bosnia, and Herzegovina) to pursue Environmental, Social, and Governance ("ESG") initiatives, including the development and implementation of traceability projects.
Under the MoU, The GrowHub and the Government of the Republic of Srpska will collaborate to support their ESG initiatives through the development and deployment of the Company's traceability and sustainability solutions. Building on the Company's expertise in designing supply chain traceability and verification systems, The GrowHub is now applying its technology to address a critical challenge in the carbon markets - transparent and efficient monitoring of nature-based carbon projects such as reforestation and forest preservation. As part of the partnership, The GrowHub will provide its supply chain traceability platform, AI data analytics tools, carbon management and tracking systems, and digital asset solutions. The GrowHub is looking at bringing innovations to drive and boost the carbon project development potentials in the Government of the Republic of Srpska.
Posted In: TGHL
