A blockchain-powered pilot for carbon credit tokenisation launched by South Pole, the ixo Foundation and Gold Standard has been selected as one of Asia's top 10 blockchain projects, ahead of the Blockchain2Energy Asia conference in Singapore next week.
The application is being piloted at the South Pole Siam Solar Energy 1 project in Thailand, and looks to use blockchain to monitor, report and verify (MRV) greenhouse gas (GHG) inventories and issue carbon credits.
Using blockchain to automate MRV for emission reduction projects would drastically reduce the costs of this process, and make the positive effects of projects tangible the moment they are physically achieved.
Blockchain2Energy Asia takes place next Tuesday, 27 November in Singapore, bringing together sustainability experts from around the world to explore current and future applications for blockchain in energy.
The blockchain-based application for carbon credit tokenisation will be amongst those projects discussed, with South Pole Co-Founder and Managing Director Thailand, Ingo Puhl, to speak about the pilot in the session, "Use case: Carbon Credits and Blockchain".
For more information on the top 10 blockchain projects in Asia, or to learn more about Blockchain2Energy Asia and register, visit the event website.
