Fujitsu and IHI launches joint project on environmental value trading platform using blockchain technology
IHI and Fujitsu today announced the launch of a joint project on environmental value trading starting April 1, 2022, with the aim of contributing to the realization of a carbon-neutral society and to revitalize the market of environmental value trading ecosystems. Under this joint project, IHI and Fujitsu will work toward the commercialization and promotion of an environmental value distribution platform by leveraging their business knowledge in blockchain technology and carbon neutrality solutions.
IHI and Fujitsu will issue environmental value tokens (Digitized rights and assets issued independently by companies and organizations using blockchain technology) based on data on the reduction of CO2 emissions collected through IHI’s IoT platform ILIPS and establish a platform for distributing these tokens to the environmental value trading market by leveraging Fujitsu’s ConnectionChain security technology to interconnect various blockchains.
Through this new platform, IHI and Fujitsu aim to support an efficient distribution of environmental value and the reduction of CO2 emissions generated by companies around the world, and contribute to the realization of the common global goal of a carbon-neutral society. Prior to this project, the two companies conducted and completed demonstration trials on linking IHI’s ILIPS platform to Fujitsu ConnectionChain to distribute tokens to the environmental value trading market in the end of March 2022.