Mingis on Tech: Blockchain tackles...carbon credits?

It's been rolled our for global supply chains. And for tracking food origins. As a way to streamline real estate deals. And even as a way of protecting personal identities.

Now, blockchain is being touted as an efficient way for companies to securely keep track of carbon credits they use.

Yes, carbon credits.

As Computerworld senior writer Lucas Mearian explains to Executive Editor Ken Mingis, IBM is now working with Veridium Labs on the project. (IBM has been at the forefront of several early blockchain pilot projects, including its early collaboration with global shipping company Maersk.)

Veridium has developed a way to effectively tokenize carbon credits, allowing them to be bought, sold and transferred – much like any other commodity. That goal is to create a public, permissioned blockchain that lets companies trade carbon offsets in real-time.

The IBM-Viridium effort is aimed at companies; a similar effort is under way by ice cream chain Ben & Jerry's, according to Forbes. That particular project envisions  carbon credits as microtransactions that can be associated with ice cream sales – with a portion of the money from sales being used for efforts to slow climate change.

The underlying technology for the Ben & Jerry's project, like the one involving Viridium Labs, would use the Stellar blockchain protocol. (Stellar is a blockchain protocol IBM has worked with since last October.)

For an audio-only version of this episode, click play (or catch up on all earlier episodes) below. Or you can find us on iTunes or Pocket Casts, where you can download each episode and listen at your leisure.

Happy listening, and please, send feedback or suggestions for future topics to us. We'd love to hear from you.

IDG Insider


« How to enable Messages in iCloud on your iPhone and iPad


Rock out with a pair of Beats Solo3 wireless headphones for less than $200 »
IDG Connect

IDG Connect tackles the tech stories that matter to you

  • Mail

Recommended for You

How to (really) evaluate a developer's skillset

Adrian Bridgwater’s deconstruction & analysis of enterprise software

Unicorns are running free in the UK but Brexit poses a tough challenge

Trevor Clawson on the outlook for UK Tech startups

Cloudistics aims to trump Nutanix with 'superconvergence' play

Martin Veitch's inside track on today’s tech trends


Is your organization fully GDPR compliant?