BYD co developed Carbon Credit App with DNV GL and VeChain
BYD co-developed a new app named Carbon Credit with DNV GL and VeChain. The app collects driving data from BYD vehicles such as mileage, fuel consumption and electricity consumption. They’ve also created a smart contract on the VeChainThor blockchain, based on an emission reduction formula provided by DNV GL’s carbon experts. They then issue carbon credits to car users according to this formula.
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