OneConnect Co-Founds Dual Carbon Innovation Laboratory Initiating Development of ESG-Focused Blockchain Applications

The Twin Carbon Laboratory goals to discover deeply combine blockchain expertise and the Twin Carbon financial system. As a Know-how-as-a-Service supplier for monetary establishments, OneConnect has world-leading expertise capabilities for monetary providers in AI, Large Knowledge Analytics, Blockchain and Monetary Cloud. With experience in blockchain expertise and substantial expertise gathered in Twin Carbon improvement, the Firm is cooperating with members to create standardized merchandise in “Blockchain and Power/ Twin Carbon” to assist meet Twin Carbon Targets and contribute to ESG improvement.

Blockchain Know-how will play a key function in selling Twin Carbon. For instance, the trade has to reside as much as carbon emission inspections. It’s vital to make sure the authenticity, credibility and effectiveness of primary information. The distributed ledger made doable by blockchain expertise is incorruptible and might present a technical foundation for reporting, analysis, verification and auditing amongst completely different establishments.

Then again, a carbon buying and selling platform primarily based on a blockchain will help point-to-point and business-to-business buying and selling providers and can promote quick, credible and automated transactions. Such applied sciences can successfully enhance the reliability and credibility of information processing of enterprise circulation and settlement. The consensus mechanism primarily based on clever contracts can additional help versatile transaction guidelines

Seeking to the longer term, OneConnect will proceed to discover utility eventualities for reaching “Twin Carbon” throughout the finance sector, together with within the creation of a structural carbon-reduction financial device with the Individuals’s Financial institution of China and assist banks gather and handle carbon emissions-related discount information via the twin carbon administration platform such that banks can precisely make investments funds and successfully implement ESG targets.

Word to Editor: White Paper on Blockchain Empowers “Carbon Peaking and Carbon Neutrality” (Chinese language Solely) download link

About OneConnect Monetary Know-how Co. Ltd

OneConnect is an affiliate of Ping An Group (2318.HK; 601318.SS). The corporate is a Know-how-as-a-Service supplier for monetary establishments, which listed at New York Inventory Alternate (OCFT.US) in 2019. The Firm is a Chinese language nationwide high-tech enterprise. The Firm integrates in depth monetary providers trade experience with market-leading expertise to supply expertise functions and technology-enabled enterprise options to monetary establishments. The Firm’ options allow its clients’ digital transformations, which assist them enhance effectivity, improve service high quality, and scale back prices and dangers. OneConnect is an affiliate of Ping An Group. By leveraging Ping An Group’s over 30 years of in depth expertise in monetary providers. The Firm has established long-term cooperation with monetary establishments to addresses their wants of digital transformation. The built-in options and platform the Firm present embody Digital Banking, Digital Insurance coverage and Gamma Platform, which is a expertise infrastructure platform for monetary establishments. OneConnect has additionally expanded its providers to authorities, regulatory and enterprises to help the digital transformation of economic providers eco-system. As well as, the Firm has efficiently exported “Made in China” expertise options to abroad monetary establishments.

OneConnect has world-leading expertise capabilities for monetary providers in AI, Large Knowledge Analytics, Blockchain and Monetary Cloud. As of December 31, 2021, The Firm has submitted 5,652 international patent functions, elevated 816 functions 12 months on 12 months. It contains 1,525 abroad patent functions and 4127 home patent functions. The Firm was ranked amongst IDC’s checklist of Prime 100 International Fintech Corporations (rising to No. 59 in 2021). The Firm has received 59 worldwide skilled awards, together with the BAI International Innovation Award, 1st prize on the Stanford OMG Micro-Expression Competitors and 1st prize in DROP leaderboard “Causal Reasoning in Machine Studying Comprehension” international checklist and one in every of KPMG’s China Prime 50 Fintech Corporations in 2020, in addition to one in every of Forbes’ Prime 50 International Blockchain Corporations in 2021. The Firm has additionally been awarded the CMMI5 worldwide certification.

SOURCE OneConnect