U.S. Markets open in 3 hrs 44 mins

IBM joins forces with a start-up to combine crypto with environmental credit trading

Ryan Browne
  • Environmental tech start-up Veridium will use IBM's technology to issue and manage carbon credit-backed tokens on the blockchain.
  • While environmental credits are already traded, IBM and Veridium said that the current structure of the market creates too much friction.
  • IBM has been investing heavily in blockchain, forging partnerships with the likes of Walmart, Nestle and Maersk.