To celebrate world environment day, WeBank and two other organizations unveiled plans for a new “Green Mobility Inclusive Platform” that leverages blockchain, according to a Sina report. WeBank was founded by Tencent, the Chinese giant that owns WeChat and WeChat Pay. The online bank boasts transaction levels of up to 600 million a day. The other two parties are the Beijing Environment Exchange and Beijing Green Inclusive Technology.
The project aims to encourage more environmentally friendly travel to reduce carbon emissions. China has 348 million motor vehicles and 66 cities have more than a million cars.
Project participants will earn points for traveling in a more green manner and in turn, they will receive prizes or services from sponsors based on their emission reductions. The initial focus is on reducing the number of cars on the road. But the plan is to expand the platform to green driving behavior, public transport, subway and other modes of transport.
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