Commonwealth Bank of Australia will try the blockchain "BioTokens" for biodiversity investment

According to ZDnet, the Commonwealth Bank of Australia (CBA) is continuing to focus on blockchain technology, and the bank recently announced a prototype that it believes has the potential to promote sustainable development, both for landowners, environmental organizations, and developers. And the government provides investment opportunities. It is reported that the prototype was jointly developed by CBA and BioDiversity Solutions Australia (BDS) to create a tradable digital token, BioTokens, in an efficient, transparent digital market driven by blockchain. According to CBA, these BioTokens represent the biodiversity credit of the NSW Government Biodiversity Compensation Program.