Jasmy Announces Spring 2024 Launch of Carbon Credit Exchange, Calls for Participant Organizations

Unveiling Jasmy's groundbreaking Carbon Credit Exchange set for Spring 2024 - a blockchain-powered platform revolutionizing digital management and trading of carbon credits.

Learn about its unique features, including tokenization and ethical marketing possibilities, and how to participate.

Call for Participating Organizations in Carbon Credit Exchange

Jasmy Incorporated, known for issuing JasmyCoin (JMY), announced on November 29, 2023, the commencement of recruitment for participant organizations in its blockchain-based, digitally managed Carbon Credit Exchange, set to launch in spring 2024.

Carbon credits refer to the system that allows companies to issue credits (emission rights) for their greenhouse gas reduction efforts, such as forest conservation and the adoption of energy-saving devices, enabling these credits to be traded between companies.

Jasmy, in collaboration with "Green Carbon," a company engaged in the creation and sale of carbon credits, has been developing the Carbon Credit Exchange.

This development is in line with the aims of the "Natural Capital Credit Consortium (NCCC)," a general incorporated association focused on promoting the growth of the carbon credit market, particularly for voluntary credits (*1).

The announcement reported both the planned spring 2024 launch of the Carbon Credit Exchange and the start of recruitment for participating organizations at the time of its release.

(*1) Voluntary Credits: A type of carbon credit issued by private companies and NGOs worldwide, not regulated by governments or local authorities and freely utilizable.

About Carbon Credit Exchange

The Carbon Credit Exchange utilizes blockchain technology to address issues like data tampering and double counting, aiming for a rapid and efficient credit trading process.

The exchange will support "highly credible voluntary credits generated by NCCC, J Credits already in circulation, and various other voluntary credits," aiming to expand carbon credit creation and invigorate the market.

Features of the Carbon Credit Exchange include:

Tokenizing Carbon Credits for Trading

Blockchain technology is used to tokenize carbon credits for trading. This technology enables prevention of fraud in carbon credit creation (counteracting greenwashing) and trading (preventing double trading), ensuring safe and reliable transactions.

The tokenized carbon credits, as digital data, can be circulated and managed in various forms, enabling unprecedented methods of distribution and secondary and tertiary reselling.

A Citizen Participation Platform for Environmental Measures

The Carbon Credit Exchange leverages the high liquidity of carbon credits and the transparent management environment provided by blockchain, realizing consumer-focused carbon credit provision and consumer-level management of offset products, previously challenging tasks.

Consumers receiving the products can use carbon credits for personal offset purposes or participate in corporate or community initiatives using these credits.

Reuse of Circulation Information (Ethical Marketing Data)

Consumers' carbon credit acquisition and utilization information will be securely stored and used through Jasmy's "Jasmy Personal Data Locker (PDL)," a service for utilizing personal information with blockchain technology.

Companies using the Carbon Credit Exchange can securely utilize consumer circulation information, with consumer consent, as ethical marketing data.

Closed Testing and Recruitment of Participant Organizations

The announcement also reported the implementation of a closed test in preparation for the launch of the Carbon Credit Exchange.

The recruitment of participant organizations for the Carbon Credit Exchange seeks organizations to join at the time of its release. However, participation in pre-release closed testing is also under consideration.

Interested parties can inquire through the "Jasmy contact form" after which a representative will provide detailed information.

Jasmy also announced the launch of a new medical-related project utilizing Jasmycoin (JMY) on November 27.