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Softbank Wants to Cut Carbon Emissions with Green Energy Blockchain
Apr 23, 2018
 

In bid to reduce carbon emissions, a group of Japanese technology and energy firms is launching a pilot project aimed to allow consumers in rural areas to trade renewable energy over a blockchain-based platform. Scheduled to start in June this year and endorsed by Japan's Ministry of the Environment, the project will be supervised by energy trading startup Power Sharing with technological support provided by energy corporations such as Tokyo Electric Power Co. and financial giant Softbank, according to a statement released Monday.

Softbank said it will lend its capacity in authenticating critical information about renewable energy trading, such as "who, what, when, where, how much." That data and the energy trades will then be recorded and transacted over the blockchain platform jointly developed by the partners.

Source: CoinDesk (https://www.coindesk.com/softbank-eyes-carbon-emissions-cuts-with-green-energy-blockchain-pilot/)

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