New Green Assets Wallet Milestones for Stockholm Green Digital Finance
By: Максим Михайлов
Tags: Chromia, Platform, Dapps, Chr, Blockchain

The project, under the leadership of the Stockholm Green Digital Finance (SGDF) in collaboration with ChromaWay, Center for International Climate Research (CICERO) and 4ire Labs, moves from PoC (Proof of Concept) to a production technology platform ahead of market launch.

Stockholm, 16/09/2019-. ​The Green Assets Wallet (GAW), a platform for green investments, has been developed during the past year to reach a level of technology ready to be launched. The project, which started in 2018, has reached milestones such as a clean user-interface, enhanced performance, more convenience and better functionality such as aggregated green impact reporting and improved search functions.

The Green Assets Wallet is supported by great institutions such as SEB, Vasakronan. Öhman, the Stockholm Sustainable Finance Centre, the German Federal Ministry for Economic Cooperation and Development among many others.

Key Network changes

Thanks to the recent developments of the platform, the Green Assets Wallet is becoming ready to be launched. One of the newest features of the platform is the inclusion of the GAW in the Chromia blockchain ecosystem. One of the key points of Chromia (by ChromaWay​, a blockchain pioneer and key partner of SGDF) is that it is built on the foundations of a relational database. The blockchain is integrated into it and makes sure all nodes agree. It, therefore, has the same data accessibility as an SQL server.

“Chromia is much more convenient for us as developers. It has made it easier for us to vastly improve user experience, the reporting system and search functionalities. In the future, we will investigate how to add information to the GAW even more efficiently. This would be especially useful for issuers with many green projects,” said Kirill Kirikov, partner at 4ire Labs.

“The transparency and immutable history on the blockchain gives investors the confidence to trust issuers and allows for strong audit trails. Alongside this, code on the blockchain is also transparent, so green impact calculations are always performed using the same fair method. No surprises, and no arguments about rounding errors!” Thomas Barker, Senior Blockchain Expert and Advisor, SGDF.

Next steps of the Green Assets Wallet

The project is now focused on delivering overall upscaling, which translates into adding more content to the platform (such as information on issuers, bonds, projects, reports and others).

Future developments of the platform include the automatization of the import of data from the issuer and the project, which is being investigated by the GAW’s developers.

“We are delighted to be part of the blockchain revolution in helping build trust, transparency and traceability in green investment transactions,” explained Cecilia. “We hope that the Green Assets Wallet will have an impact beyond the sustainability transition of the real economy through green capital allocation, where it is most needed.”

With the aim to promote the platform wherever there is a need to develop green investments, the project will be shown in different places around the world, such as countries in Africa, South America, North America and Asia. There is already a strong interest in the platform and in the applications this one might have in the development of green bonds in some regions of the world. The GAW is already being showcased in Astana, Kazakhstan and Nairobi, Kenya, in workshops and summits. Emerging markets have a particularly strong need for sustainable infrastructure investments, hence the GAW will be a great resource for new issuers to attract capital from global investors.

About ChromaWay

ChromaWay is a pioneer company in the blockchain sector. Having created the first real-world application of real assets on the blockchain back in 2012, and with many public and private clients such as the Swedish Land Registry or Daimler AG, ChromaWay now launches Chromia, the relational blockchain platform for decentralized applications.

About the SGDF

Stockholm Green Digital Finance is a not-for-profit do tank missioned to accelerate green finance and investments through technology solutions. Founded in May 2017, the Green Assets Wallet is the leading project of Stockholm Green Digital Finance.

For more information, contact:

Irene Ramón, Communication and PR Manager

irene.ramon@chromaway.com