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BYD Co-developed Carbon Credit App with DNV GL and VeChain

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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.

AsiaCryptoToday is a team of executive Asia Crypto Researchers set to bring you the latest Cryptocurrency News from Asia (Vechain, NEO, QTUM, Elastos)

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