The Goldman Sachs investment bank will invest $200 million in blockchain technology to create clean energy and the environment, according to a report from Bloomberg.
The fund will be used to support the blockchain project called Bancor.
Bancor is an open-source blockchain that is designed to allow for decentralized exchanges of financial assets.
The blockchain’s technology will allow investors to purchase energy from renewable sources such as wind, solar, biomass, geothermal, and tidal energy.
The company says it aims to develop a platform that allows for the exchange of financial value between financial institutions.
The company is also working on an energy trading platform.
The Goldman fund, the largest of its kind in the world, will be focused on the energy market and is part of the Goldman Sachs Group, which has a global network of more than 200 investment banks and hedge funds.