IBM will transform your carbon footprint into tokens on the blockchain Stellar

IBM intends to begin production cryptotokens Verde. They will be created on the blockchain Stellar in collaboration with the Hong Kong FINTECH company Veridium Labs. The appointment of a new token is to help companies reduce the impact on the environment by monitoring compliance with quotas on carbon emissions (the so-called carbon footprint) of using the blockchain.

Such a quota is a certificate-permit for the emission of tons of carbon dioxide or other greenhouse gas. The quota system was approved by the Kyoto Protocol — an international agreement in which participating countries committed to reduce or stabilize greenhouse gas emissions. As of 25 November 2009, the Protocol has been ratified by 192 countries of the world.

IBM for the first time in the history of the attempts to convert carbon in the tokens on the blockchain. For reference: recently, experts have calculated that 63.4 million tons of carbon dioxide to form a carbon footprint value of $191.3 million.

Support token Verde will deal with InfiniteEarth, the company-Veridium partner Labs, in the number of clients where PwC and Microsoft. It is noteworthy that Veridium Labs originally intended to launch this project in partnership with Ethereum. The company has not explained why the plans changed, though, is likely to cause high transaction speed and their low cost in the network of Stellar.

Jared Kli specialist blockchain at IBM, said:

The creation of a multifunctional digital asset token is part of a plan to create a market where people can buy, sell and redeem it through loans. Liquid market opens up a world of new possibilities. Our cooperation with Veridium is the first case in the history of the Corporation when IBM participates in the production of tokens in a public network.

For his part, the founder of Veridium Labs Todd Lemons commented on the initiative:

We have just started to work with carbon credit natural resource, which is not easy to measure and categorize, making it a consolidated balance sheet, but also fully automated the process of measuring, choosing, and then reducing the balance just by the integration of the token in the transaction.

In March, IBM unveiled a computer the size of a grain of salt. The new device, according to the creators, will facilitate mass adoption of blockchain technology. This microcomputer, the so-called cryptographic the anchor can be embedded into any household items to verify their origin and content, and is associated with bloccano. The computer has a built-in power source in the form of a photovoltaic element. Manufacturing device costs less than ten cents.

Stellar — blockchain-network open-source, created by jed Machalaba, the founder of the exchange Mt. Gox and one of the founders of Ripple. Similarly Ripple through the blockchain Stellar provides cheap and fast cross-border payments, but differs from the Ripple — commercial company that works with financial institutions — that is non-commercial. In addition, Ripple is more centralized than Stellar.

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