Business Challenge story
Energy Blockchain Labs is focused on the challenge of climate change. The business wanted to create a solution that would help support the green economy to combat climate change.
Working with IBM, Energy Blockchain Labs is creating a carbon asset development platform based on IBM Blockchain technology. The platform will allow enterprises to generate carbon assets consistently and efficiently. The solution uses the carbon emission reduction quota standard to encourage enterprises and individuals to decrease carbon emissions and use low carbon emission technology.
Energy Blockchain Labs anticipates that creating the Blockchain platform for carbon trading will help facilitate collaboration among participants and improve transparency and information sharing. The business also expects that within a ten-month period, the carbon asset development cycle can be shortened by 20 – 50 percent.