Blockchain for Sustainability - 1 Million Trees Planted in Partnership with Veritree

2 months ago Report
Telegram LinkedIn

The Cardano Foundation partnered up with Veritree which is the world’s first, fully integrated platform designed to transform the tree restoration space through blockchain technology. To celebrate the partnership, the world's first global impact challenge was launched: Can the Cardano Community donate 1 million ADA to plant 1 million trees? The challenge was accepted and the goal was achieved in just over three months! To prove the power of blockchain, each of these donors received a tree planting certificate with the exact location of their donation and other info like which type of tree is used. With Cardano's unique on-chain metadata capabilities, veritree can easily store and share GPS coordinates, photos, and other specific characteristics of restorations. This data is traceable, permanent, immutable and available to all, solving one of the industry's most significant and growing problems—a lack of trust. This makes it the perfect example of the real-world value that a blockchain can bring.

Original Source:

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.

Join Our Weekly Newsletter of Cardano

Your weekly dose of Cardano news straight to your inbox!
GADA Finance is launching its Initial Stake Pool Offering (ISPO) Starting on June 29, 2022
Being the first permissionless and community-governed launchpad on Cardano, we intend to raise funds through a public ISPO which will enhance the Cardano ecosystem. CLICK HERE!