фото показано с : blokt.com

The largest car brand in China, BYD, is gearing up for a carbon-neutral future. The manufacturer makes plug-in electric cars that reduce carbon emissions manifold. Now it is partnering with DNV GL and blockchain company VeChain to use their proof-of-concept framework. BYD has completed working on a carbon banking solution for its cars, providing carbon credits to customers for reducing emissions. The solution will also be used for trains, buses and other vehicles.

VeChain’s automobile lifecycle management solution can help car users get carbon credits, depending on carbon reduction and their driving performance. The blockchain-based solution to track emission will help in reducing carbon footprint worldwide and can be applied to millions of vehicles. The VeChainThor blockchain is being used to record carbon footprints of vehicles, providing easy data sharing, management and analytics.

Using blockchain for carbon-footprint tracking will provide a reliable and unified method of monitoring a vehicle’s performance. President of BYD Automotive Intelligent Ecological Research Institute Shu Youxing commented on the solution:

“This technology not only improves our current offering but allows us to create completely new markets. The unique aspects that VeChain provides will empower carbon monitoring development and sustainable ecosystems. This solution is a glimpse into what we think we can achieve through this partnership.”

Moving one step ahead of the Internet of Things, BYD depends on the Internet of Vehicle. It provides data access control to the manufacturer and pioneers innovative solutions and automobile automation market. Repair garages and 4S shops will work as data providers for the solution, helping gather basic information about the vehicle, including damage, maintenance, and mileage. Financial and insurance service providers can use the data to provide better offerings to their customers. Both end users and enterprises will thus be benefited with data ownership.

VeChain’s robust platform could find a golden opportunity to prove its worth with this platform. Co-founder and CEO of VeChain Sunny Lu said:

“As the global leader in green car manufacturing, BYD offered us the opportunity to pioneer real change. It takes innovators like BYD to make the world a cleaner place. Carbon banking will be a new reality for billions.”

The blockchain platform has also partnered with the People’s Insurance Company of China (PICC) and some other insurance companies for the design of this new solution.

BYD, One of the Top-Selling Electric Car Manufacturers Teams up With VeChain was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

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