August 21, 2024

Jasmy Incorporated

Natural Capital Credit Consortium

Green Carbon inc

Jasmy launches "NCCX" (beta version), a carbon credit
exchange for NCCC credits and other voluntary credits in Japan

〜Providing a platform for the distribution of highly reliable credits to consumers〜

Jasmy Incorporated headquartered in Minato-ku, Tokyo; Kazumasa Sato, CEO （hereinafter referred to as "Jasmy"), a provider of platforms and solutions for the IoT, has launched "NCCX" (beta version), a carbon credit exchange supporting voluntary credits certified by Natural Capital Credit Consortium headquartered in Fukuoka City, Fukuoka, Japan, with Shunsuke Managi as Chairman (hereinafter referred to as "NCCC"), J-Credit, and International Voluntary Credit.

Jasmy is launching the Jasmy Carbon Credit Exchange, which will allow the trading of J-credits, overseas voluntary credits, and domestic voluntary NCCC credits. This launch is a beta version of the Jasmy Carbon Credit Exchange, which will be released in advance of the official launch in late September, but we are accepting registration through the same procedures as when the exchange is officially opened.

Carbon Credit Exchange "NCCX”

https://nccx.green/

NCCC conducted its first certification on 16th July 2024 for the Soil Carbon Credit Project in Akaiwa City, Okayama Prefecture. This project involves carbon sequestration through the greening of land using the Unity Green Method, a patented technique by Tsujita Kenki Ltd., which prevents erosion during land development. This initiative is a significant stride toward global environmental conservation and sustainable development. Additionally, the project exemplifies NCCC's dedication to converting natural capital into economic value, which can be realized and traded in NCCX through certified carbon credits. We will continue to sell high-quality carbon credits certified and created by NCCC in Japan through NCCX.

Green Carbon Inc., headquartered in Minato-ku, Tokyo, with Jun Ohkita as CEO (hereinafter referred to as "Green Carbon"), has been in the business of creating and selling carbon credits for a long time and will be the administrator of NCCX. With Green Carbon's extensive expertise in carbon credits, companies can confidently engage in transactions involving carbon credits using NCCX.

■ Reliability and Circulation Achieved with Blockchain Technology

NCCX aims to address issues like data falsification and double-counting by leveraging blockchain technology to enhance the speed and efficiency of credit transactions. As a result, various carbon credits, including the highly reliable voluntary credits generated by NCCC and J-Credits already circulating in the market, will be distributed not only in transactions between corporations but also to general consumers. This will facilitate consumer participation in environmental initiatives.

■ Engagement of General Consumers in Environmental Initiatives

NCCX ensures a highly transparent control environment through blockchain technology and facilitates extensive distribution of carbon credits, making it possible to allocate carbon credits to consumers and manage offset products on an individual basis. Consumers receiving the products will have the ability to offset their carbon credits Independently or engage with companies and communities in using their carbon credits.

■ Two Business Models

Jasmy Carbon Credit Exchange is available: "NCCX," a general exchange format, and "Wagamachi Carbon Credit," a regional exchange for local governments, and we plan to collaborate with local governments in the future.

■ Application Process for joining the Carbon Credit Exchange

Jasmy is currently accepting applications for participation in the Carbon Credit Exchange trial through a procedure similar to the public release. To register, please get in touch with Jasmy's contact person. Our team will reach out to you for further details.