South Korea to launch blockchain-based international carbon market GVCM next year
- —Credits will be split into GVCM A (host-country approved) and GVCM NA (for corporate voluntary programs)
- —Project and emission-reduction data will be recorded on a blockchain
- —Trading infrastructure will be built using the Korea Exchange (KRX)
- —Seoul is in talks to convert World Bank and GCF emission-reduction results into GVCM credits
Why it matters: A blockchain registry for carbon credits and plans to issue them as digital assets broaden real institutional use cases for crypto infrastructure.
Source: Bloomingbit