Million-dollar startup taps Algorand to fight climate change
Climatetrade will launch its marketplace for carbon offsetting on the Algorand blockchain. Blockchain marketplace Climatetrade will be building its new CO2 carbon offsetting platform on Algorand, a top-50 cryptocurrency project that is gunning for scalability and transactional performance. Climatetrade announced Wednesday that it has selected the Algorand blockchain to power its carbon offsetting marketplace, which is designed to help organizations achieve CO2 neutrality — a key pillar in the fight against climate change. Climatetrade is building on Algorand for its “flexible architecture,....
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During the DigitalArt4Climate press conference, Cointelegraph editor-in-chief Kristina Cornèr took over the stage to understand the various blockchain initiatives that actively fight climate change. The United Nations Framework Convention on Climate Change (UNFCCC) along with climate change entrepreneurs and Cointelegraph delved into discussing the role of emerging technologies such as blockchain in solving global issues including climate change.During the DigitalArt4Climate press conference, Cointelegraph editor-in-chief Kristina Cornèr took over the stage to understand the various....
The United Nations has previously said it was exploring the uses of blockchain technology in the fight against climate change and to help reach a more sustainable global economy. The United Nations has selected blockchain platform Unique Network to run a nonfungible token (NFT) initiative in the effort to inspire others to take action against climate change.According to a Tuesday announcement, Unique will be the lead technology partner for a program from the UN’s Human Settlement Programme and International Association for the Advancement of Innovative Approaches to Global Challenges,....
There have been concerns regarding the negative impact of bitcoin mining on the environment, as the sheer amount of equipment and power needed to carry on these operations might have negative repercussions. However, some bitcoin enthusiasts say that it is actually possibly to fight climate change using bitcoin. Former NASA engineer James D'Angelo pointed to the use of the cryptocurrency in limiting carbon emissions. With his unconventional idea he dubbed "the people's cap-and-trade" or Sno-Caps, he claims that everyone can have equal access to the carbon market with no government....
Algorand taps Europe as the second region for its blockchain accelerator program after Asia. The Algorand Foundation, the governance and research organization behind major blockchain platform Algorand, is launching a new accelerator program in Europe.Known as “Algorand Europe Accelerator,” the new program intends to support European developers and entrepreneurs looking to build applications on the Algorand platform.Announcing the news on Oct. 15, the Algorand Foundation told Cointelegraph that the new program will launch in collaboration with established Algorand’s investors, Eterna....
The Swiss company TRES Group GmbH is launching an exciting and innovative program aiming at adding a solution to the Climate Change challenge. For several months, the FOSTER project has been under development, which aims to mass plant trees around the world for the benefit of increasing carbon dioxide absorption using blockchain technology. Climate the Change is an existential threat requiring participation by all to find and implement solutions to stay below 1.5 degree centigrade global warming. Nature Based Solutions are one form of alleviating CO2 emissions. Forestation and....