WeBank, the world's leading digital bank, is featured in the Forbes Blockchain 
50 2022. The bellwether list recognizes large corporations that lead in 
employing distributed ledger technology and reflects the spreading impact of 
the blockchain market globally. WeBank has been recognized for top-notch 
research and development of consortium chain technologies, as well as its 
continuous efforts in building an active consortium chain ecosystem. WeBank has 
provided open-sourced consortium chain technologies to the "The Green Bud 
Points" based on "Green Inclusive Cloud" developed by China Beijing Green 
Inclusive Network Technology Co., Ltd (''Green Inclusive''). It encourages the 
public to reduce carbon emissions by recording daily green behaviors on 
blockchain and rewarding those behaviors with credits that can redeem vouchers 
and gifts.

The Green Bud Points, a United Nations Sustainable Development GOALS 
partnership project, is built on the Green Inclusive Cloud. It intends to 
promote a green and low-carbon lifestyle by quantifying and calculating the 
carbon emissions of various environmental protection activities. The Green Bud 
Points stores users' carbon emission reduction records on chain. Then, the 
underlying blockchain technology ensures that the issuance and distribution of 
records are transparent and traceable, thus securing trust among all users and 
involved parties. In 2021, the Green Bud Points has recorded more than 2,500 
tons of carbon emissions reduced.

The Green Inclusive Cloud is one of many practical applications that surfaced 
in WeBank's long-term commitment to provide open-sourced blockchain 
technologies. So far, WeBank has open-sourced more than 10 blockchain 
technologies, including leading the development of the underlying blockchain 
platform FISCO BCOS and the identity authentication and trusted data exchange 
solution WeIdentity. By implementing FISCO BCOS and WeIdentity, the Health Code 
Mutual Recognition System between Guangdong and Macao achieves reliable and 
compliant information verification across borders without direct exchange of 
personal data. From May 2020 to the end of 2021, more than 100 million border 
crossings have been through customs between the Chinese mainland and Macao 
using the system.

Besides providing technologies, WeBank strategically focuses on building 
consortium chain ecosystem. By the end of 2021, the WeBank-powered FISCO BCOS 
community has brought together more than 70,000 individual developers, more 
than 3,000 companies and institutions to participate in the construction of the 
blockchain industry ecosystem. There are more than 200 public administration, 
finance, agricultural, social welfare, entertainment, supply chain and IoT 
applications operating stably in the production environment. 

Henry Ma, Executive Vice President and Chief Information Officer of WeBank, 
said, "Innovation and technology have always been core to WeBank's strategy to 
become a world-leading digital enabler. In the coming years, we expect more 
opportunities in utilizing advanced technologies to serve the real economy and 
drive financial inclusion. With our leading-edge blockchain and other fintech 
capabilities, WeBank will continue to collaborate with our ecosystem partners 
to drive digital transformations across industries, and explore the paths for 
equitable, sustainable and green developments."

SOURCE: WeBank Co Ltd

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