Jasmy has launched the β version of the carbon credit exchange ‘NCCX,’ which supports domestic voluntary credits such as NCCC credits.
~Jasmy provides a platform for distributing highly reliable credits to consumers.~
Source : https://prtimes.jp/main/html/rd/p/000000067.000025296.html
Jasmy Incorporated (Head Office: Minato-ku, Tokyo; COO : Kazumasa Sato; hereinafter “Jasmy”) , a provider of platforms and solutions for IoT, is pleased to announce the launch of the β version of the “NCCX”, a carbon credit exchange. This exchange is compatible with the voluntary credits certified by the Natural Capital Credit Consortium (Main Office: Fukuoka City, Fukuoka Prefecture; Chairman: Shunsuke Managi; hereafter “NCCC”), J-Credits, and international voluntary credits.
Jasmy has launched a carbon credit exchange compatible with J-Credits, overseas voluntary credits, and NCCC credits, a type of domestic voluntary credit in Japan. This launch serves as a β version, a prelude to the official release slated for late September. However, registration for participation is already underway, following the same procedures as the official launch.
Carbon Credit Exchange “NCCX”
NCCC certified its first soil carbon credit project on July 16th of this year in Akaiwa City, Okayama Prefecture. The project involves carbon sequestration through soil greening using the Unity Green Method, a patented erosion control technique for construction developed by Tsujita Kenki Co., Ltd. This marks a significant step towards global environmental conservation and sustainable development. NCCC anticipates this certification will raise further awareness of its efforts to economically value natural capital. NCCC will continue to sell high-quality carbon credits certified and generated through this project domestically via this exchange.
The newly launched exchange service “NCCX” is managed by Green carboninc a company that specializes in the creation and sale of carbon credits (Headquarters: Minato-ku, Tokyo, CEO: Jun Okita, hereinafter referred to as “Green Carbon”). With the extensive expertise offered by Green Carbon, even companies that previously felt hesitant or anxious about purchasing carbon credits can now participate in transactions easily and with confidence.
■Achieving Trustworthiness and Liquidity with Blockchain Technology”
By leveraging blockchain technology, this exchange aims to address various challenges such as data tampering and double counting, and to accelerate and streamline credit transactions. This will enable the distribution of highly reliable voluntary credits generated by NCCC and various carbon credits like the J-Credits already in the market, not only among corporations but also to the general consumers. This approach facilitates consumer-participatory environmental initiatives.
■ Participation of General Consumers in Environmental Initiatives
This carbon credit exchange leverages the high liquidity of carbon credits and the transparent management environment offered by blockchain technology to make it possible to distribute carbon credits to consumers and manage offset products on a consumer level, which has been challenging until now.
Consumers who receive these products can offset their carbon credits as individuals or participate in initiatives involving companies and local communities via carbon credits.
■ Development through Two Business Models
The exchange service is planned to be offered with two business models: “NCCX,” a general exchange format, and “Wagamachi Carbon Credit,” a regional exchange for local governments. Going forward, initiatives in collaboration with local governments and others are also planned.
■ Application for Participation in Carbon Credit Exchange
This release is a β version and a prelude to the official launch in late September. However, we are accepting applications for participation in the same manner as the public release. To apply for participation, please contact the inquiry contact person for Jasmy listed below.
Our representative will contact you with further details.
■ About Jasmy Incorporated
Jasmy Incorporated is a company that develops and provides IoT platforms. When all things are connected to the Internet, “clothing, food, housing, and movement,” which are closely connected to people’s lives, will change dramatically. Jasmy’s mission is to create and provide a system (platform) that allows everyone to use things easily, safely, and with peace of mind. Nowadays, important data generated from our daily lives tends to be held by a limited number of companies. One of the goals of the JASMY platform is to restore the sovereignty of data to its rightful owners, and to enable the safe and secure use of individual data. For this purpose, JASMY will integrate IoT and blockchain technology to prepare a platform that can be widely used across industries and business sectors based on unprecedented ideas.
Jasmy’s team consists of a diverse and rich experience in electronics, mechanics, communications, devices, system integrators, designers, etc., to provide the best IoT platform for each of our customers worldwide.
■The Natural Capital Credit Consortium
The Natural Capital Credit Consortium (NCCC) is a highly public-spirited general incorporated association with the goal of increasing natural capital both domestically and internationally while promoting the growth of the carbon credit market. Natural capital is a key indicator highlighted in the UN’s SDGs interim report, the “Global Sustainable Development Report.” Countries are increasingly being called upon to contribute to nature-positive outcomes through measures addressing climate change and biodiversity.
By technically measuring and evaluating the amount of carbon dioxide (CO₂) absorbed by natural capital, such as forests, farmlands, and marine resources, and converting it into credits, the NCCC aims to promote the carbon credit market. Through the advancement of the carbon credit market, the NCCC seeks to contribute to the realization of a decarbonized society.
About Green Carboninc
Green carboninc operates with the vision of “Saving the Earth with the Power of Life.” The company offers end-to-end support for the creation, registration, and sale of carbon credits (J-Credits/Voluntary Credits). In addition to this, Green Carbon is involved in agricultural projects, environmental initiatives, and ESG consulting services. One of its main projects is the creation of carbon credits through methane gas reduction in rice paddies. This project is the first in Japan to receive J-Credit certification, and the company is currently collaborating with rice farmers across approximately 7,000 hectares, aiming to generate around 14,000 tons of carbon credits.
Green Carbon also offers a service called “Agreen,” a one-stop platform for credit registration, application, and sale, simplifying the procedures and documentation required for credit creation, thereby reducing the workload for credit creators, particularly farmers.
The company is expanding its operations not only within Japan but also internationally, focusing on regions such as the Philippines, Vietnam, Indonesia, Cambodia, Bangladesh, Australia, and Costa Rica, with business activities spanning Southeast Asia to Latin America.
