Partners’ Board set up under Strive and Rise Programme holds first meeting (with photos)
The Government today (October 24) announced the setting up of a Partners’ Board under the Strive and Rise Programme. The membership of the Board comprises the Chief Secretary for Administration, Mr Chan Kwok-ki, representatives of relevant government departments, and strategic partners that provide the Programme with key support (see the list at the Annex). The Board held its first meeting today to receive a briefing by government representatives on the matching of mentees with mentors and the arrangements of activities under the first phase of the Programme. Members were pleased to learn of the good progress made, and offered views on the arrangements for the activities to be organised.
At the meeting, Mr Chan said that all the strategic partners invited to join the Partners’ Board are the enterprises or organisations providing the Programme with key support in terms of sponsorship or nomination of mentors, and that their involvement would enable the Government to tap constructive views to best take forward the Programme.
He said, “Since the announcement of the Strive and Rise Programme in late August, various sectors of society have responded to the Government’s appeal by offering staunch support in terms of sponsorship, nomination of mentors and planning of group activities for mentees. Schools, and the district organisations engaged by the Government, have also taken part in recruiting junior secondary school mentees. Their collective efforts have contributed to the smooth launch of the first phase of the Programme.” He added that it was encouraging to learn of the close tripartite collaboration between the Government, the business sector and the community from the preparatory stage to the implementation stage under the Programme. On behalf of the Government, he expressed his heartfelt gratitude to the enterprises, organisations and individuals involved.
At the meeting, the Partners’ Board received a briefing by government representatives on the results of matching between the recruited mentors and mentees under the first phase of the Programme. Members were pleased to learn that the first phase has admitted 2 800 eligible mentees, 40 per cent more than the recruitment target of 2 000 mentees, and that each of the mentees admitted would be assigned a mentor. Furthermore, the Programme has received the overwhelming support of about 120 enterprises and organisations. Not only have sufficient eligible mentors been recruited, sponsorship of some $140 million has also been raised. Some 800 group activity sessions, including those by government departments, have also been made available for enrollment by mentees.
Mr Chan said, “Under the first phase of the Programme, the enrollment of mentees and nomination of mentors have seen favourable feedback, with the numbers of eligible mentors and mentees both exceeding 2 000. Junior secondary school students from underprivileged families are the target of the Programme, and it is our mission to support as many of them as possible. Upon our thorough consideration, and discussion with our implementation agents, we have decided to admit to this phase of the Programme all the 2 800 eligible junior secondary school mentees from underprivileged families. They include junior secondary school students living in inadequate housing such as subdivided units and those from grassroots families. We aim to give the collaboration between the Government, the business sector and the community full play in order to support all of the mentees in a targeted manner.”
At the meeting, members of the Partners’ Board said that they believe the various stages of the Programme, including orientation activities starting late October in phases, would proceed in an orderly manner upon the continued collaboration between the Government, the business sector and the community. Strategic partners said that they would continue to render their support for the steady implementation of the Programme.
The Strive and Rise Programme is led by an inter-departmental task force chaired by the Chief Secretary for Administration. Through the tripartite collaboration between the Government, the business sector and the community, the Programme aims to help Secondary One to Secondary Three students from underprivileged families to broaden their horizons, reinforce their self-confidence, develop a positive outlook on life, set goals for their future and strive for upward mobility. It comprises three elements, namely mentorship, personal development plans and financial support. The first phase of the Programme lasts for one year.
Osaka Gas Co., Ltd., Mitsubishi Heavy Industries, Ltd. (MHI), and IBM Japan, Ltd. have agreed to jointly conduct a Proof of Concept (PoC) of a system enabling visualization of the environmental value of synthetic methane, in the context of carbon dioxide (CO2) emissions across the entire supply chain. The system will make use of CO2NNEX, a digital platform for visualizing the CO2 supply chain being developed by MHI and IBM Japan targeted at visualization and optimization of synthetic methane’s environmental value. In undertaking the PoC, the three partners will also exchange views with the Japan Gas Association, Tokyo Gas Co., Ltd., Toho Gas Co., Ltd., and INPEX Corporation aiming for increased adoption of synthetic methane and the establishment of its environmental value.
Today, discussions are underway concerning methods for counting and using CO2 in the context of CCU (carbon dioxide capture and utilization: with the captured CO2 used in the manufacture and usage of fuels, chemicals, building materials, etc.), including methanation, and studies are going forward into the application of the accounting methods to the use of synthetic methane, which is seen as a recycled-carbon fuel. The PoC to be jointly implemented is an initiative aimed at visualizing CO2 emission volumes across the entire supply chain, from synthetic methane’s production to supply and combustion. The results of the PoC are expected to be useful for achieving visualization of the CO2 supply chain within CCU, setting CO2’s trading methods, transferring its environmental value, and estimating the carbon footprint of synthetic methane supply recipients.
CO2NNEX is a digital platform created for CCUS (CO2 capture, utilization and storage) aimed at connecting CO2-related ecosystems and accelerating the expanded use of environmental value. Under the current initiative, CO2NNEX will be applied to visualize original information on CO2 and hydrogen – the materials from which synthetic methane is made – and the CO2 emission volumes generated throughout synthetic methane’s lifecycle, from production to transport, supply and combustion. By providing this traceable data, a shared platform will be developed for realizing visualization of synthetic methane’s environmental value. The project also aims to incorporate future enhancement of trade – for example, through transfer of synthetic methane’s environmental values – and to develop a system to serve as an industry standard usable by other manufacturers of synthetic methane.
Today, a variety of demonstration projects relating to methanation are being planned, toward the production and widespread adoption of synthetic methane. Osaka Gas, MHI and IBM Japan, by applying the results of this PoC to future demonstrations of methanation, will contribute to achieving broad social adoption of synthetic methane and the realization of a carbon neutral society.
CO2NNEX is a digital platform that provides transparency and flexibility in the CO2 supply chain and its environmental values in step with the rapid expansion of the value chain linking CO2 capture, storage and utilization, toward realizing a carbon neutral society. Actual CO2-related data is interconnected through IoT, and blockchain ensures advanced security with assured neutrality and fairness.
Methanation is technology for synthesizing methane, a key component of natural gas from hydrogen and CO2. The resulting product is known as “synthetic methane.” Use (combustion) of this synthetic methane results in no effective increase in CO2 for society as a whole because CO2, which is normally emitted into the atmosphere, is captured and recycled for use in making synthetic methane. Also, methanation is expected to be an economically efficient way of achieving carbon neutrality, with synthetic methane being distributed through the existing gas infrastructure and combusted in existing gas appliances, requiring no large-scale investment for constructing new energy systems or modifying the existing ones.
Concept of a shared platform applying CO2NNEX
A shared platform aims for quantification of synthetic methane’s environmental values by quantitatively documenting information for tracking and managing CO2 emissions relating to the manufacture, supply (including transport) and usage of synthetic methane at multiple business operators and locations.
In January 2021 the Daigas Group announced its “Carbon Neutral Vision” for achieving carbon neutrality by 2050 through decarbonization of the component ingredients of city gas by methanation and other means, and of its power sources primarily through use of renewable energies. The company is also considering a number of methanation projects overseas – notably, in Australia, South America and Southeast Asia – in a drive to achieve broad adoption of methanation.
MHI Group is actively involved in programs targeting the realization of a carbon neutral society, and building a CO2 ecosystem is central to its energy transition initiative. As a global leader in CCUS, the company aims to accelerate this ecosystem development by seeking widespread adoption of related hardware as well as the CO2NNEX digital platform.
Applying its experience in supporting numerous customers worldwide, IBM Japan looks to accelerate CO2NNEXT’s development with its blockchain enabling data sharing with safety, transparency and outstanding reliability; its hybrid cloud technology for building an agile and flexible IT environment linking the cloud and existing systems; and its AI technology enabling visualization, automation and optimization of the value chain.
About MHI Group
Mitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com.
Topic: Press release summary
Weavechain and Heirified have partnered to create trustless systems for the verification of inheritance data
San Francisco, CA, USA – WEBWIRE – Friday, October 14, 2022
At Heirified, we solve a critical problem for crypto asset holders, ensuring they can pass on both digital and traditional assets to their loved ones, regardless of whether they are aware of them or not, preventing assets from being unclaimed. Aligning with Weavechain to implement a Web3 solution to guarantee our datas integrity is a natural extension of our core offering, acting as a transparent, compliant, and trustless system that meets regulations – Ali Salah, Founder and CEO of Heirified
As global digital asset holdings grow, the inability for those assets to be inherited in traditional legal systems creates a gap in classic estate processes. Heirifed is looking to provide a one-stop solution to enable users to bridge that gap. And theyre doing it with Web3 security and integrity at its core, which is why Weavechain and Heirified have partnered to create trustless systems for the verification of data and signatures on the public ledger.
Heirified is launching the worlds first global trust & estate planning platform for digital & traditional assets built with RegTech & AI. Their platform addresses inheritance challenges in the FinTech space related to both digital assets (Cryptocurrencies, NFTs, Data, etc.), and traditional assets (Equities, Fiat, Stocks, Metals, etc.). They are partnering with Weavechain to ensure that data has not been compromised by using cryptographic guarantees of integrity.
Founder and CEO of Heirified Ali Salah, describes the organic partnership springing up from his meeting with Weavechain founder and CEO Omar ElNaggar at the Stanford Science of Blockchain conference 2022: At Heirified, we solve a critical problem for crypto asset holders, including equity ownership for startup shareholders across the world, ensuring they can pass on both digital and traditional assets to their loved ones, regardless of whether they are aware of them or not, preventing assets from being unclaimed. Aligning with Weavechain to implement a Web3 solution to guarantee our datas integrity is a natural extension of our core offering, acting as a transparent, compliant, and trustless system that meets regulations.
What happens to cryptocurrency and other digital assets when holders pass away has been written about at length because of the complexities entailed and horror stories of beneficiaries being locked out of financial resources after a loved ones death. With 3 trillion dollars held in digital assets as of November 2021, inheritance systems are essential, yet Blockworks wrote about the lack of features embedded within exchanges to support customers. Heirified and Weavechain offer a solution for asset holders to create compliant plans for their assets with data that is verified by a Web3-powered trustless system.
Omar ElNaggar, Weavechain founder and CEO says: Weavechains technology can apply a cryptographic guarantee of immutability to secure Heirifieds data, done through a proprietary system in which hashes, not the data itself, are stored on blockchains to protect sensitive data from ever leaving company servers. This is essential to Heirified which handles its clients most sensitive estate-planning data while facing a variety of regulations to comply with. Both Weavechain and Heirified look forward to using Web3s technological benefits to protect clients assets and provide peace of mind.