Crypto Oasis Ventures, Roland Berger launch ‘The Green Block’ for Web3 sustainability

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The official launch of The Green Block took place on June 20 at the Beeah Group headquarters in the UAE. The initiative is devoted to nurturing Environmental, Social, and Governance (ESG) projects within the realm of Web3.

Spearheaded by Crypto Oasis Ventures in collaboration with the management consultancy Roland Berger, the initiative represents a significant stride towards forging a sustainable future by harnessing the power of blockchain and AI technologies.

At its core, The Green Block seeks to establish a thriving ecosystem that brings together stakeholders from diverse sectors.

Its primary objective is to to develop and implement impactful Web3 solutions pertaining to corporate governance, environmental sustainability and social responsibility.

By leveraging the potential of Web3 and AI, the initiative aims to address global challenges in line with the UAE’s COP28 agenda and the United Nations Sustainable Development Goals (SDGs).

Faisal Zaidi, co-founder of Crypto Oasis Ventures, stated: “The launch of The Green Block represents the first milestone in our journey to create a sustainable future through Web3 initiatives in the ESG field.

By connecting projects, providing and enabling infrastructure, and empowering talent, The Green Block will facilitate the development and implementation of sustainable Web3 solutions on a global scale. Aligning ourselves with the objectives of COP28 and the UAE, we aim to take this initiative global.”

As the inaugural patron of The Green Block, Beeah assumes a vital role in propelling the mission of the initiative. As an international holding group and pioneer for sustainable, smart solutions for future ready cities, it understands the importance of fostering sustainability and aligning with the UAE’s agenda for COP28.

Khaled Al Huraimel, group CEO of Beeah Group, emphasised the significance of The Green Block’s launch, saying, “There is immense potential in Blockchain, AI and Web3 technologies and I am excited to see how the Green Block leverages these to revolutionize ESG projects.

As one of the first adopters of blockchain technologies in Sharjah, Beeah Group’s vision is built on the twin pillars of sustainability and digitalisation. As a patron of The Green Block, Beeah Group looks forward to fostering innovation and engaging with stakeholders to achieve sustainability objectives using technology while overcoming global challenges.”

Roland Berger empowers The Green Block’s strategic vision

On the steering committee of The Green Block initiative, the representation from Roland Berger contributes to determining the strategic direction of the initiative. The committee makes key decisions that shape the initiative’s long-term plans and immediate goals, helping to ensure the continuity of its mission.

Technology like Web3 and AI will contribute significantly to a path to sustainability – The Green Block Think Tank and Launchpad will accelerate this transition and connect the global thought leaders.

Pierre Samaties, partner at Roland Berger Middle East and leading the Global Digital Assets, Web3 and Metaverse practice, expressed his enthusiasm for The Green Block’s potential impact, saying, “The launch of The Green Block initiative is the start of an important Think Tank and Launchpad for Web3 and AI technology that will support sustainability and quality of life. Many use cases of the technology are a perfect fit for advancing renewable power, boosting financial inclusion and incentivizing environmental improvements”.

Read: Crypto Oasis identifies over 1,800 Web3 organisations in the UAE