Cryoto Currency

By Cointelegraph

BIS, UN, Hong Kong Monetary Authority end tokenized green bond trial

The Bank for International Settlements (BIS), the Hong Kong Monetary Authority and the United Nations Climate Change Global Innovation Hub presented the results of their “Genesis 2.0” initiative. The project aims at exploring the use of blockchain, smart contract and the internet of things for a global environmental cause.

The project resulted in two prototypes of tokenized green bonds, developed by two separate international teams, which are “de facto verified carbon credits” recognized by either international, national or other verification mechanisms.