BSOS launches a green financing credit solution on the Huma Protocol, powering the future of sustainable transportation in Taiwan.

Today BSOS, a FinTech SaaS company specializing in supply chain finance, launches their green financing credit solution on the Huma Protocol. The partnership enables ChargeSmith, a key provider of EV charging services in Taiwan, to rapidly grow their charging network utilizing Web3 liquidity. Wider charging networks significantly accelerate the transition to environmentally friendly transportation methods.

A challenge to the mainstream adoption of EVs in Taiwan has been the difficulty in acquiring credit for building new charging stations. BSOS, through its green financing solution, offers this real-world asset investment opportunity to liquidity providers via the DeFi infrastructure of the Huma Protocol. This will help charging station service providers expand their businesses more rapidly, and meet their goals more efficiently.

"We recognize the challenges electric vehicle charging providers face in acquiring credit. Our green financing credit solution, built on the Huma protocol, leverages Web3 liquidity to help them overcome these challenges. Our ultimate goal for this pool is to accelerate the growth of green transportation in Taiwan," says BSOS CEO and Co-founder, Daniel Huang.

The ChargeSmith charging station map serves over 70% of electric vehicle owners in Taiwan and is the official Google Map partner in the region. By providing over 700,000 kilometres of driving range, ChargeSmith has helped to reduce carbon emissions significantly. The company aims to have 1,500 destination charging stations by 2025, creating a user-friendly charging ecosystem for electric vehicle owners in Taiwan. Their intelligent charging service, a part of their turnkey solution, can be deployed quickly, making charging facilities readily available.

Andy Chen, CEO and Co-founder of ChargeSmith adds, "Our commitment to sustainable mobility is clear. With BSOS's new financing solution, we'll be better equipped to expand our charging network and help more drivers make the switch to electric vehicles. We're optimistic about the possibilities this presents for our future, and more importantly, for the future of Taiwan's transportation ecosystem."

The BSOS Green Finance Pool is currently open to accredited investors. Investments in the pool are safeguarded with a charging station operation revenue bank account and a fast-charging station valued at around $21,650 USDC as collateral, which is managed by BSOS. Interest is paid into the pool monthly, and investors can withdraw their funds after the due date.

Through verifiable on-chain records, investors will also be able to monitor the income generated by these charging stations, and this income will be accumulated in an account as one of the ways to secure and repay the debt. As the EV charging demand increases, BSOS expects many of these charging stations to be the pay-off resources. This in turn will accelerate the build-up of new stations, and encourage new EV ownership, creating a flywheel towards sustainable transportation.

As the intersection of technology and sustainability continues to evolve, it's clear that solutions like the one provided by BSOS, powered by the Huma protocol, will be pivotal in shaping a greener future. Another potential area of application for this green financing approach could be carbon credits.

"Our world is in a climate crisis. We are happy that our partnership with BSOS supports the rapid expansion of green transportation and utilizes blockchain to benefit every living being," says Erbil Karaman, CEO and Co-founder at Huma Finance.

This launch isn't just a stride forward for the FinTech sector or the electric vehicle market – it's a step towards a cleaner and more sustainable world. Partnerships like these show the potential of blockchain, demonstrating its capacity not just in reshaping finance, but in driving social and environmental change.

View the BSOS Green Financing solution on the Huma dApp.

About BSOS: BSOS is a B2B supply chain fintech company solving the asset liquidity problem by blockchain and DeFi. They use blockchain to form trusted real-world assets to help businesses get liquidity, and realize high efficiency asset transactions. Learn more https://www.bsos.co/.

About ChargeSmith: ChargeSmith, a Taiwan-born company, is leading the transition to sustainable mobility by offering a comprehensive suite of global charging solutions. With a staunch commitment to fostering the world's shift towards eco-friendly vehicles, ChargeSmith has developed a comprehensive EV and charging network. Learn more  https://www.chargesmith.com/ev/.

About Huma Finance: Huma Finance is a leading infrastructure provider for cashflow-backed decentralized financing, fostering a rapidly growing credit ecosystem. Learn more https://huma.finance/.