NoviqTech has announced a new partnership with Eco-Markets Australia (EMA) and The Hashgraph Group to deliver an upgraded environmental credit registry system, known as Registry 2.0.
The initiative, supported by a $160,000 grant from the Hashgraph Association, represents the first step in a major overhaul of EMA’s digital infrastructure, starting with the modernization of the Reef Credit Scheme, a program that issues credits for verified improvements in land management and water quality along Australia’s Great Barrier Reef.
The collaboration combines EMA’s environmental market expertise, NoviqTech’s Carbon Central technology, and the distributed ledger capabilities of the Hedera Hashgraph ecosystem.
How Partnerships Work
The result will be a secure, transparent and scalable registration platform designed to strengthen trust and efficiency in Australia’s environmental credit markets.
As part of the partnership, The Hashgraph Group will lead project management and oversee collaboration between NoviqTech throughout development.
The upgraded registry is built using Hedera Guardian for auditable environmental asset creation and transparency. NoviqTech’s Carbon Central platform serves as a user layer integration, enabling efficient issuance, tracking and retirement of environmental credits.
Reef Registry 2.0 replaces slow, manual legacy systems by introducing digital certificates based on immutable metadata and transparent workflows.
The overall goal is to create a modern, tokenized registry that supports both current and future environmental markets, with Reef Credits as a starting point.
Why it matters to Australia’s environmental credit future
Australia’s environmental credit market is expanding rapidly as demand for reliable sustainability methods increases. EMA aims to reduce administrative delays and improve data integrity by adopting a blockchain-based registry.
Within Australia, Hedera is also part of the Reserve Bank of Australia’s Project Acacia, which aims to leverage distributed ledger technology to explore the role that central bank and privately issued digital currencies, including CBDCs, can play.
If successful, Registry 2.0 could set a new standard for environmental asset management across Australia, enabling smoother credit transactions, reliable reporting and better coordination of global climate-focused innovation.