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Veridium to use IBM blockchain to turn carbon credits into digital asset

Published 05/15/2018, 03:24 PM
Updated 05/15/2018, 03:24 PM
© Reuters.  Veridium to use IBM blockchain to turn carbon credits into digital asset
  • Veridium Labs is collaborating with IBM (IBM -0.7%) to transform carbon credits into a new type of fungible digital asset that can be redeemed and traded on the Stellar network.
  • The project uses IBM's work in public and private blockchain networks to enable clients and developers to engage in token-related networks.
  • "Our digital environmental assets are designed to help companies and institutional investors purchase and use carbon credits to mitigate their environmental impacts today, and even hedge their potential carbon liabilities risks in the future," says Veridium CEO and Co-Founder Todd Lemons.
  • Source: Press Release
  • Previously: Reuters: IBM joins blockchain non-profit (April 5)
  • #consensus2018
  • Now read: 3 Reasons IBM Is The Right Dividend Stock For Your Portfolio


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