In a state visit to China, Norway’s King Harald V and Queen Sonja witnessed the signing of DNV GL-VeChain Digital Low Carbon Ecosystem
The signing signaled the conception of a new partnership between DNV GL, a Norwegian assurance company, and the Thirteenth Chinese Five-Year Plan: VeChain, BYD, PICC, Shanghai Xiandao Food, and the Sino US Relations Research Center. This happened at the Norway-China Business Summit 2018, an event co-sponsored by Innovation Norway and the Chinese Council for the Promotion of International Trade.
The partnership aims to build a network, through combing blockchain technology with business forces, to build a network of joint development and mutual benefit.
The Digital Low Carbon Ecosystem
The reduction of carbon emission will be recorded by leveraging the VeChainThor Blockchain and IoT devices. Businesses and individuals who succeed in lessening their carbon emission will be rewarded with carbon credits.