IBM and a China-based firm are using blockchain to build a prototype marketplace for carbon assets.
The company is working with Energy Blockchain Labs, a blockchain company that has tested blockchain-based solutions related to energy provision. The hope, according to IBM, is to encourage companies to take steps to reduce their emissions by making it more efficient to develop and manage carbon assets.
Chinese automaker Wanxiang, among other major companies in the country, is among those that have also held discussions with IBM about investigating the tech.
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