Mizuho Bank, Fujitsu, and IHI Partner to Streamline Japanese Carbon Credit (J-Credits) Issuance Using Blockchain

Mizuho Bank, Fujitsu, and heavy industry company IHI have teamed up to simplify the issuance process of Japanese carbon credits (J-Credits) using blockchain technology. The issuance of carbon credits requires government certification of greenhouse gas emission reductions, a complex and time-consuming process that can leave issuers at risk of not finding buyers.

Mizuho Bank will act as a "priority buyer," acquiring J-Credits and reselling them to clients. The bank also serves as a market maker for J-Credits on the Tokyo Stock Exchange. This collaboration is expected to start supporting solar power generation in the first half of 2025.

Fujitsu's blockchain solution will be used to monitor, report, and verify carbon emissions data, ensuring data reliability.