(3.30.17) Cryptocoinnews.com: IBM Develops Blockchain Platform to Fight Carbon Emissions in China

By March 30, 2017News

IBM has laid claim to the world’s first blockchain ‘green asset management platform’ in China to decrease emissions while supporting low carbon emission-enabling technology.

Powered by the open source Hyperledger Fabric, the blockchain-based carbon management application is specifically developed for enterprises. The solution stems from a joint effort by IBM and Chinese company Energy Blockchain Labs. The two companies completed a proof-of-concept run of the platform in late 2016.The development comes at a time when China is pushing toward climate change action targets pre-2020. One of the objectives of that action plan, signed as a part of the Paris Agreement by China, is to build a standard nationwide carbon market.

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