NoviqTech Limited (ASX: NVQ) has further deepened its commitment to the blockchain ecosystem by acquiring an additional 490,622 HBAR tokens valued at $150,000. This purchase brings its total holdings to over 1.5 million HBAR, aligning with the company’s long-term vision of leveraging innovative blockchain technology to enhance sustainability and traceability.
As a leader in ESG (environmental, social, and governance) compliance, Company’s increasing investment in HBAR crypto showcases its focus on efficient and scalable solutions. The company’s flagship Carbon Central platform integrates distributed ledger technology to improve transparency, streamline carbon emission tracking, and authenticate green resources through Guarantee of Origin certificates. By using the efficiency of this blockchain infrastructure, The company is helping businesses meet rising sustainability demands while enhancing operational transparency.
HBAR is the native cryptocurrency of the Hedera network, a decentralized blockchain platform utilizing Hashgraph technology. Known for its eco-friendly, energy-efficient design, HBAR powers transactions, smart contracts, and decentralized applications across various industries.
The core of this partnership lies in the advanced Hashgraph consensus algorithm, which powers HBAR. Unlike traditional blockchain systems, this next-generation technology is renowned for being energy-efficient and highly scalable, supporting up to 10,000 transactions per second on its current network. This capability ensures secure and swift data processing for use cases like carbon tracking and environmental monitoring.
HBAR is also gaining traction in the crypto market, with its price recently climbing to $0.2385, as shown by a 21.60% increase in the last 24 hours. This surge reflects growing confidence in the token's utility and its ability to facilitate real-world solutions in sectors like secure communications, payment systems, and environmental monitoring.
Freddy El Turk, CEO of the firm, highlighted the importance of this collaboration. “Our growing investment in HBAR is a clear testament to our belief in its transformative potential,” he stated. He emphasized that the blockchain network provides the perfect foundation for Carbon Central’s mission to deliver real-time, scalable, and auditable ESG solutions. With plans to increase its token holdings in the future, the organization continues to showcase its dedication to advancing innovation within the blockchain space.
The Company’s Carbon Central platform operates as a SaaS-based carbon management tool, helping companies track emissions and claim verified green certificates. Advanced analytics and AI integration provide significant cost savings and enhanced traceability, making it easier for businesses to maintain accountability in sustainability efforts. This approach places the organisation at the forefront of digital innovation in environmental solutions.
HBAR’s growing utility, combined with its eco-friendly infrastructure, makes it a standout among digital assets. With a total supply capped at 50 billion and a circulating supply of 38.20 billion, the token is becoming a cornerstone of blockchain-based applications. As more organizations, like NoviqTech, adopt its technology, HBAR crypto continues to solidify its role in creating scalable, sustainable solutions.
The entity’s increasing investment in HBAR underscores its commitment to leveraging cutting-edge blockchain infrastructure for real-world challenges. This partnership is not only about enhancing business efficiency but also about creating sustainable practices that benefit industries globally. As the company continues to align its solutions with this innovative network, it sets a powerful example for how blockchain can transform industries and pave the way for a transparent and accountable future.
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