A green blockchain
With financial support from the Emerging Markets Dialogue on Finance (EMDF) of GIZ GmbH, the Green Assets Wallet will brings efficiency and transparency to the green debt market. The technology aims at scaling the credible green investment market through cost-efficient and immutable verification of green impacts. Founding industry partners include SEB, Vasakronan, Cicero, Öhman, GIB, and Mistra.
ChromaWay’s flexible and modular consortium database platform Postchain combines the best features of blockchain and enterprise relational databases. Complementing Postchain is Esplix, which provides secure and confidential smart contracting and workflow orchestration. These technologies are ideal to support a scalable green asset ecosystem around the Green Asset Wallet. We focused first on establishing a robust blockchain backbone on which to issue green assets, and record different types of validation information throughout their lifecycle. With this foundation in place, we then focused on making the system as resilient and extensible as possible. This entailed enabling a broad range of integrations, including document storage and generic support for automated monitoring devices. Although responsibility for ensuring that safe and reliable integration and reporting infrastructure is in place lies with a broad range of actors and stakeholders, as the technology platform provider for the Green Asset Wallet ChromaWay is committed to building a solid platform on which great things can be built.
The objectives of the project are to increase the supply of green debt products by delivering efficiencies for users while lowering transaction cost. The Green Assets Wallet also works to support a wider range of green assets classes and to ensure the equal access of emerging markets to the global market.
The Green Assets Wallet offers cost effective and immutable verification of delivery on green investments.
Recorded in the blockchain, the Green Assets Wallet is a highly secure way to invest in green projects.
The Green Assets Wallet is designed to provide interaction between green investments and investors around the world.