A suite of three reports showcasing Genesis, the BIS Innovation Hub's first green finance project executed in conjunction with the Hong Kong Monetary Authority (HKMA), that explores the green art of the possible through combining blockchain, smart contracts, internet-of-things, and digital assets.
In addition, Genesis achieved two prototypes summarised in Reports 2 and 3 that bring to life the vision that an investor can download an app and invest any amount into safe government bonds, which will develop a green project. Over the bond's lifetime, the investor can not only see accrued interest, but also track in real time how much clean energy is being generated, and the consequent reduction in CO2 emissions linked to the investment. Further, the investor can sell the bonds in a transparent market.
Built on a permissioned distributed ledger platform, Report 3 sets out the prototype of Digital Asset and GFT.
