Fujitsu And Ihi Launch Joint Blockchain Project To Further Develop Environmental Value Exchange Mark

Fujitsu and IHI Corporation have announced progress in a joint project initiated in FY 2022 to contribute to carbon neutrality and to create an environmental value distribution platform that supports environmental value transactions. The two companies have applied for and been selected by Japan’s Ministry of the Environment to collaborate on a project for the “Outsourcing of Research and Development towards Digital Technology Utilization in FY 2023 J-Credit System.” The two companies plan to start providing the “J-Credit Easy Generation” as a module of the environmental value distribution platform in fiscal 2024. This project will convert CO2 emissions reductions calculated using data collected at IHI’s IoT platform into tokens that can be distributed on the environmental value exchange market using Fujitsu’s blockchain technology.