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Blockchain Fan IBM Helps Issue a Digital Coin for First Time

  • Tokens will be backed by Borneo rain-forest carbon credits
  • New venture aims to make trading carbon credits easier

International Business Machines Corp., which has developed several blockchain-based projects, is now getting into the digital token game.

IBM is partnering with blockchain company Veridium Labs Ltd. to transform carbon credits into digital coins that can be traded on a decentralized exchange. The tokens will be issued and managed on the Stellar network.