World’s First Blockchain-based Carbon Trading Exchange Launched in Singapore

World’s First Blockchain-based Carbon Trading Exchange Launched in Singapore

• Singapore-based company ‘AirCarbon Pte Ltd’ has launched the world’s first blockchain-based digital aviation carbon trading exchange, named the AirCarbon Exchange.
• This exchange will serve as a central marketplace for airlines and other corporate buyers to buy as well sell tokens to trade carbon emissions eligible under the International Civil Aviation Organization (“ICAO”)’s Carbon Offsetting and Reduction Scheme for International Aviation (“CORSIA”) regime.
• Company targets AirCarbon Exchange to be fully operational in 2020