Microsoft uses blockchain technology to purchase soil carbon credits in Austr...

Microsoft uses blockchain technology to purchase soil carbon credits in Austr...

The tech giant purchased 43,338 tonnes worth of soil carbon credits that are representative of carbon sequestration at ranches in New South Wales. Microsoft has employed blockchain technology to purchase soil carbon credits in Australia. In combination with Regen Network — built on the Cosmos (ATOM) blockchain — the CarbonPlus Grassland credits were initially issued to two ranches in New South Wales.The carbon credits are used as a measure of soil sequestration, which is the process of capturing atmospheric carbon dioxide and storing it in soil. This is achieved through Regen Network’s....


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