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Fujitsu and IHI Company have made progress in a joint mission initiated in FY 2022 to contribute to carbon neutrality. The mission goals to create an environmental worth distribution platform that helps environmental worth transactions.
In June 2023, the 2 corporations started engaged on a J-Credit score Simple Technology by simplifying the environmental worth creation course of (Assortment, verification, and reporting of information akin to CO2 emissions) in preparation for the issuance of J-Credit score.
As a part of this initiative, Japan’s Ministry of the Atmosphere chosen the 2 corporations after they utilized. They’ll act as collaborators engaged in a mission for the Outsourcing of Analysis and Improvement in direction of Digital Know-how Utilization in FY 2023 J-Credit score System. Work on the mission will start from June 2023 and conclude in March 2024.
Moreover, the 2 corporations plan to begin offering the J-Credit score Simple Technology as a module of the environmental worth distribution platform in fiscal 2024.
Overview of Joint Venture
Since fiscal 2022, IHI and Fujitsu have been finishing up a joint mission to create an environmental worth distribution platform. It converts CO2 emissions reductions calculated utilizing knowledge collected at IHI’s IoT platform ILIPS (IHI group Lifecycle Companion System) into tokens. In flip, these can then be distributed on the environmental worth trade market utilizing Fujitsu’s ConnectionChain blockchain expertise, which securely interconnects totally different blockchains.
By including J-Credit score?s ?J-Credit score Simple Technology? to the environmental worth distribution platform, corporations and organisations that contribute to the atmosphere via measures like lowering CO2 emissions will be capable to simply convert environmental worth into J-Credit.
On the similar time, by selling the applying of digital expertise to J-Credit score transactions, Fujitsu goals to construct a sustainable worth chain mannequin. One that permits consumers to easily commerce the environmental worth created by the environmental worth creators as J-Credit.
The 2 corporations will contribute to the realisation of carbon neutrality by increasing their companies to sort out the digital verification of the worth generated by environmental measures that handle points, akin to product carbon footprint, beginning with J-Credit score’s J-Credit score Simple Technology.
Overview of Ministry of the Atmosphere’s J-Credit score “J-Credit score Simple Technology” Demonstration Venture (Public Providing Overview)
The aim of this mission is to contemplate the simplification of the method from monitoring to issuing J-Credit by utilising IoT and blockchain expertise utilizing the ‘Introduction of Photovoltaic Energy Technology Services (EN-R-002)’ methodology. It’ll conduct the demonstration within the following three phases:
From June 2023 to August 2023: Planning and dialogue factors for the demonstration Technical necessities for system building are sorted out and examined, and an indication plan is formulated.From September 2023 to December 2023: Demonstration carried out System building and demonstration. In flip, report on the outcomes of the demonstration and evaluation the proposed revisions to the J-Credit score system.From January 2024 to March 2024: Remaining changes to arrange for precise implementationReview proposed revisions to the J-Credit score System Doc. Moreover, there’s a dialogue on the system modification and operation plan based mostly on the demonstration outcomes.
Francis Bignell
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