Veridium Labs collaborating with IBM to create Verde, crypto token for blockchain-based carbon asset marketplace

Briefing

Veridium Labs collaborating with IBM to create Verde, crypto token for blockchain-based carbon asset marketplace

May 17, 2018

Briefing

  • 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

Accelerator

Business Model and Practices

Business Model
and Practices

Sector

Cross-sector, Energy

Organization

International Business Machines Corp., Veridium Labs

Source

Original Publication Date

May 15, 2018

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