IBM and Energy-Blockchain Labs created blockchain platform enabling carbon asset trading in China

Briefing

April 19, 2017

Briefing	Green Asset Management – IBM and Energy-Blockchain Labs developed world’s first blockchain-enabled green asset management platform for carbon trading in China using open source multi-channel transaction network Hyperledger Fabric China Carbon Trading – Allows companies to trade allotted carbon emissions in carbon markets efficiently and cost-effectively, encouraging emissions reductions in China Beta and Commercial Release – Proof of concept prototype completed in late 2016, with beta release expected in May 2017 and commercial offering by late 2017 Paris Agreement Commitment – China is significant signatory of Paris Agreement, with responsibility to meet its pre-2020 climate action targets and build nationwide carbon market
Accelerator	Climate Change and Environment, Web3 Ecosystems, Tokens and Consensus Mechanisms
Market Disruption	Innovation Partnerships
Sector	Information Technology
Organization	Energy-Blockchain Labs, International Business Machines Corp.
Source	"Energy-Blockchain Labs and IBM create carbon credit management platform using hyperledger fabric on the IBM cloud," IBM News Room, https://newsroom.ibm.com/; Dhaliwal, S., "IBM plans to use blockchain to clean up China’s air", The Cointelegraph, https://cointelegraph.com/; "IBM, SecureKey, Energy-Blockchain Labs to roll out commercial blockchains," The Paypers, http://www.thepaypers.com/; AcceleratingBiz analysis
Original Publication Date	March 20, 2017

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