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Briefing
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- Tokenized Carbon Assets – Environmental tech company Veridium Labs partnering with IBM to create Verde, cryptotokens that digitize carbon assets, on Stellar blockchain network
- Streamlined Processes – Aims to simplify carbon trading, accounting and offsetting processes, as well as facilitate seamless integration into corporate transactions
- Asset Sources – Tokens to be traded in blockchain-based marketplace will be backed by carbon credits from third-party sources, including Veridium sister company InfiniteEARTH
- Potential Benefits – Tokenizing carbon assets can enable better tracking of environmental impact more, seamless transfer of ownership rights, and efficient carbon asset redemption
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Accelerator
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Business Model and Practices
Business Model
and Practices
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Sector
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Cross-sector, Energy
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Organization
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International Business Machines Corp., Veridium Labs
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Source
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"Veridium to use IBM blockchain technology to create social and environmental impact tokens,"
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Orcutt, M., "IBM thinks blockchains can help reduce carbon emissions",
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Browne, R., "IBM joins forces with a start-up to combine crypto with environmental credit trading",
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Miller, R., "Veridium Labs teams with IBM and Stellar on carbon credit blockchain",
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AcceleratingBiz analysis
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Original Publication Date
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May 15, 2018
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