Fujitsu and IHI Corporation have made important progress of their joint mission, which goals to contribute to carbon neutrality and set up an environmental worth distribution platform supporting environmental worth transactions. The mission, initiated in fiscal 12 months 2022, focuses on simplifying the environmental worth creation course of and making ready for the issuance of J-Credit, a carbon credit score system.
Under the initiative named “J-Credit Easy Generation,” the 2 firms have simplified the gathering, verification, and reporting of information, resembling CO2 emissions, to facilitate the creation of J-Credits. By doing so, they goal to reinforce the environmental worth alternate market and promote a sustainable worth chain mannequin.
In recognition of their efforts, Fujitsu and IHI have been chosen by Japan’s Ministry of the Environment as collaborators for the “Outsourcing of Research and Development towards Digital Technology Utilization in FY 2023 J-Credit System” mission. This collaboration will run from June 2023 to March 2024.
Moving ahead, Fujitsu and IHI plan to combine the “J-Credit Easy Generation” into the environmental worth distribution platform, making it out there as a module by fiscal 12 months 2024.
The joint mission focuses on creating an environmental worth distribution platform that makes use of Fujitsu’s “ConnectionChain” blockchain know-how to securely join completely different blockchains. This platform converts CO2 emissions reductions, calculated utilizing knowledge collected from IHI’s IoT platform known as “ILIPS (IHI group Lifecycle Partner System),” into tokens. These tokens can then be distributed on the environmental worth alternate market.
By incorporating the “J-Credit Easy Generation” into the environmental worth distribution platform, firms and organizations that contribute to the surroundings by lowering CO2 emissions will be capable to simply convert their environmental worth into J-Credits. Furthermore, Fujitsu goals to advertise the applying of digital know-how to J-Credit transactions, constructing a sustainable worth chain mannequin that permits clean buying and selling of environmental worth as J-Credits.
Fujitsu and IHI are dedicated to realizing carbon neutrality and increasing their companies to deal with points associated to product carbon footprint and different environmental measures. The joint mission’s give attention to digital verification of the worth generated by such measures aligns with their broader purpose.
The “J-Credit Easy Generation” demonstration mission goals to streamline the method of monitoring and issuing J-Credits by the utilization of IoT and blockchain know-how. It adopts the “Introduction of Photovoltaic Power Generation Facilities (EN-R-002)” methodology and shall be carried out in three phases.