Green Assets Wallet (GAW) — a green bond issuance and trading platform has been launched on the blockchain platform Chromia. Green Assets Wallet is a Swedish dApp designed to bring green bond issuers, investors and validators all onto one platform for seamless tracking and collaboration on sustainability projects.
The Green Asset Wallet project is under the leadership of Stockholm Green Digital Finance (SGDF) and is funded by SEB bank, Government Authorities in Sweden and Germany, Öhman, the Stockholm Sustainable Finance Center, GIZ, CICERO (Center for International Climate Research and the leading global provider of Second Opinions on green bonds).
A green bond is a stake offered by a project to raise funds via investors for its development. If someone wants to invest in a sustainable energy project such as a wind farm, for example: They could do so via Green Assets Wallet, and the project operators would report on its environmental impact.
A blockchain implementation of this nature utilizes key benefits of blockchain technology, such as:
The Green Assets Wallet can be used to publish data such as proof of construction to the blockchain (at least, coordinates for the construction site), proof of investment, and the project operator’s commitment. A validator (a third party) can then verify that the project’s commitment has been executed (for example: using satellite imagery).
The GAW was launched on the Chromia mainnet because Chromia’s blockchain architecture is highly scalable, secure, tightly integrated with its database, and it uses a relational data storage model to help facilitate data analysis. Platforms like these also provide a great opportunity to build trust with prospective investors as your projects succeed.
This article was written by Kompulsa Founder, Nicholas Brown
Please log in again. The login page will open in a new tab. After logging in you can close it and return to this page.