Taobao Shangou, an Alibaba subsidiary, partnered with fintech firm SOLOWIN HOLDINGS and Hangzhou Bossen.
The collaboration implements a model integrating high-quality carbon assets with consumer platform incentives. This model also includes on-chain carbon credit circulation.
The initiative creates a scalable pathway for applying carbon assets and advancing inclusive carbon reduction. This aligns with China's national goals of achieving carbon peak and neutrality.
SOLOWIN's asset tokenization platform, Ferion, provides the necessary blockchain technology. Ferion facilitates the compliant on-chain management of these carbon assets.