BIS Innovation Hub Announces Successful Conclusion of Genesis 2.0
Earlier this year, we shared the news of Allinfra’s involvement in Genesis 2.0 led by the Bank for International Settlements Innovation Hub in collaboration with the Hong Kong Monetary Authority and UN Climate Change Global Innovation Hub.
BIS Innovation Hub has announced the successful conclusion of Genesis 2.0 this week, and has published a report deep-diving into the topic of smart contract-based carbon credits attached to green bonds, showcasing both prototypes that were developed for the project.
Team Allinfra is honoured to have had the opportunity to participate in this important project developing solutions that provide transparency and reduce the risk of greenwashing in the green bond market.
Working alongside Goldman Sachs and Digital Asset, Allinfra provided the technology for the gathering and reporting of verifiable data used for the creation of financial products and green asset performance measurement.
Project Genesis 2.0 Explained
The project explored the technical feasibility of the end-to-end digitisation of green bonds with carbon forwards attached (also known as mitigation outcome interests), enhancing the transparency, objectivity and environmental integrity of the green bond market.
This post originally appeared on Allinfra’s website. Want to learn more about Genesis 2.0 and the green data feed technology provided by Allinfa Climate? Get in touch with our team today.