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Stellar Lumens Intends To Host The First Token By IBM (NYSE:IBM) On The XLM Blockchain Technology

It is true the bear trend in cryptocurrency market has been a big deal. However, the world has had its own way in terms of the way it reacts to things. The world is apparently paying a greater deal of attention to Blockchain technology. A person well conversant with the matter but who spoke from a standpoint of anonymity disclosed that the greater acceptance the revolutionary technology is expected to come to fruition in a short while.

Blockchain Technology In Business Operations

With the passage of time more and more businesses continue learning about the benefits that pull along with the use of Blockchain technology in the various business operations. It is a sort of technology that contributes quite a huge deal towards the enhancement of service delivery.

It is worth mentioning that that there is a growing concern that with more adoption of cryptocurrencies and Blockchain technology from governments to banks ,what is commonly understood as the original principle of decentralization will be a gone case. More and more of such institution will step forward to dominate the Blockchain space.

The introduction of accountability in Carbon credits through blockchain

Among some of the widely renowned entities considering the thought of adopting cryptocurrencies and Blockcahon technology is IBM (NYSE:IBM).

It is the partnership with Veridium Labs Ltd that will result in the creation of the “Verde” token which sources indicate will be provided to those companies that result in major pollutions. Most of them will are expected to take advantage of the opportunity in a bid to offset the pollution effect. That is of course by attaching the token to the carbon credits.

There is an appeal to the various companies to do their level best to offer the much needed support to the environmental conservation efforts in a section of the Indonesian rainforest.

There is a group of people who think that IBM is currently employing a new solution in resolving an old problem. Stellar’s series of smart contracts on the Verde Carbon Credit token and blockchain will move quite a long way helping offer a proper account of the company’s carbon emissions. It is about the formulation of a remarkable way to help offset pollution.

Published by Neha Gupta

Swati has worked in diverse capacities from financial research to currency trading in a span of 3 years.

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