NamasteGreenIndia applauds 👍
KlimaDAO_JAPAN_MARKET,” a blockchain-based carbon credit marketplace in beta phase.
Key_Features:
Tokenizes J-Credits as ERC-20 tokens on the Polygon blockchain.
Each token represents one ton of CO₂.
Addresses low liquidity and complex processes in the traditional carbon credit market.
Enhances transparency, reliability, and programmability.
Pilot Details:
Conducted in a closed environment with corporate and local government participants.
Public launch planned for Spring 2025.
Pilot runs until February 2025, with ongoing participant recruitment.
Partners:
OPTAGE Inc.: Corporate wallet provider for J-Credit Tokens.
Mizuho Financial Group, Inc.: Project support.
PBADAO Inc.: Project management and development.
Participants:
Notable companies: Blue Lab, J-POWER, Eneres Co., SoftBank, Uhuru Corporation, JPYC Inc.
Local stakeholders: Saikai City, Nagasaki Prefecture, and Saikai Creative Company Inc.
Innovative Services:
Automated transactions with smart contracts and stablecoins.
Integration with financial products.
Impact:
Aims to democratize carbon credits in Japan.
Encourages corporations and individuals to confidently engage in sustainability initiatives.
This pilot represents a pioneering effort in integrating blockchain technology into Japan’s carbon credit market.
Originally published on LinkedIn on 2024-12-01 18:00:38: https://www.linkedin.com/feed/update/urn%3Ali%3AgroupPost%3A60128-7269047758920052736
