Golden Finance reported that Mizuho Bank, Fujitsu and heavy industry company IHI have reached a cooperation to use blockchain technology to simplify the issuance process of Japanese carbon credits (J-Credits). The issuance of carbon credits requires the government to certify the greenhouse gas emission reduction, which is a complicated and time-consuming process, and the issuer may face the risk of not being able to find a buyer. Mizuho Bank will acquire J-Credits as a "preferred buyer" and resell them to customers. The bank is also a market maker for J-Credits on the Tokyo Stock Exchange. The cooperation is expected to start supporting solar power generation in the first half of 2025. Fujitsu's blockchain solution will be used to monitor, report and verify carbon emission reduction data to ensure the credibility of the data.