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Built using blockchain technology, veritree is the world’s first, fully integrated platform designed to transform the restoration space through technology. veritree provides a comprehensive toolkit to restoration partners allowing them to collect and manage ground-level data and deliver it directly to all stakeholders.

veritree makes it simple to incorporate Nature-Based Solutions into any business model

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<div data-url="https://cryptoadventure.com/samsung-to-plant-millions-of-trees-with-cardano-blockchain/" data-title="Samsung To Plant Millions of Trees – With Cardano Blockchain" data-id="61652" data-page="0">
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Samsung wants to plant millions of trees with the help of the blockchain.
Samsung Electronics America&nbsp;partnered with a company that uses the blockchain in its reforesting efforts.
Veritree allows users to plant trees and verify that it produced the trees. They do this with the help of blockchain tech, tracking every step of the way.
Samsung is partnering with climate solutions platform,&nbsp;<a href="https://veritree.com/" target="_blank" rel="noopener nofollow" data-wpel-link="external">Veritree</a>, to manage the tree-planting initiative by harnessing blockchain technology to verify and track every step of the reforestation process.
Veritree is the first platform to use blockchain tech to plant trees.
Drawing on our history of open collaboration, we&rsquo;re teaming up with Veritree for the tree-planting initiative as an added way to contribute to a better global society.
The aim is to plant 2 million trees in Madagascar for 2022. Madagascar is a developing country off the coast of Africa.
Samsung&rsquo;s Mark Newton <a href="https://news.samsung.com/us/samsung-veritree-plant-millions-trees-fight-climate-change/" target="_blank" rel="noopener nofollow" data-wpel-link="external">mentions</a> several other reasons behind the project. These include efficiency, sustainability, and investing in new tech.
Investing in tech innovations, such as those that create efficiency improvements and minimize waste, in combination with nature-based solutions, are vital in the fight against climate change
Veritree also uses crypto to fund projects, create its tokens and create rewards. The entire effort runs on the <a href="https://twitter.com/Cardano/status/1478389156644544527?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1478389156644544527%7Ctwgr%5E%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Ftimestabloid.com%2Ftech-giant-samsung-gets-new-exposure-to-cardano-blockchain-via-a-new-partnership%2F" target="_blank" rel="noopener nofollow" data-wpel-link="external">Cardano blockchain</a>.
Veritree uses a blockchain ledger for its operation. This provides a cloud-based procedure for the creation of its tokens.
As a result, tokens allow the platform to enable every tree to have its unique code. Veritree can then distribute the trees to specific groups or individuals based on projects and rewards.
The platform will provide Samsung with all required field-level data. This means Veritree will record every step of the project on the Cardano blockchain.
<h2>Rewards &ndash; Crypto and NFTs</h2>
Moreover, Veritree offers different rewards for donors, including badges, digital certificates, and even NFTs.
For the latest project, Veritree chose to plant Mangrove trees because they efficiently absorb CO2.
Vertitree also offers different tiers of <a href="https://ito.veritree.com/" target="_blank" rel="noopener nofollow" data-wpel-link="external">rewards</a>. The levels range up from 15 to 100k ADA. Even the lowest story, &ldquo;the Planter,&rdquo; will get Veritree tokens while higher tiers unlock Badges, art, parks, and NFTs.
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Furthermore, the NFT will be of different rarity depending on the reward tier. For example, starting at 500, ADA will get common NFTs to 100k, which will get a unique NFT.


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CryptoAdventure

Samsung To Plant Millions of Trees – With Cardano Blockchain

<div data-id="132988" data-title=" Interview with Veritree" data-slug="https://en.cryptonomist.ch/2021/10/31/cardano-forest-interview-with-veritree/">In this interview with Veritree, we will delve into the Cardano Forest project and how blockchain technology can help reforestation initiatives.During the Cardano Summit 2021 at the end of September, the Cardano Foundation has announced a partnership with Veritree for an ITO (Initial Tree Offering) that has the goal to plant 1 million trees.&nbsp;This initiative sees also the involvement of the Climate Neutral Cardano community group of Stake Pools, some of which we also interviewed for the Cardano SPO Column, namely Stake for Nature [ST4NA], Bio Pool [BIO] and ECO Pool [ECO].<h2>Interview with Veritree: Cardano Forest</h2><h3>Hi there, thanks for taking the time to answer some questions. Please introduce Veritree to our readers.</h3>Veritree brings value to planting organizations, businesses, and end-consumers who benefit from verified natural climate solutions and a consumer-centric positive impact program. We believe an inclusive approach is needed to create the enabling conditions to scale natural climate solutions, where all stakeholders are incentivized to contribute. Our stakeholders include planting organizations and corporate partners.&nbsp;We work with planting organizations to verify their natural climate solutions. Veritree standardizes how data and evidence is collected, managed, uploaded, verified, and delivered to the right parties. This approach provides a verifiable and traceable procedure for producing high integrity carbon credits. Veritree is free of charge for planting organizations. This provides technology and metrics with a long-term engagement, training and support that is not subject to the pitfalls of non-profit funding cycles and project end dates.&nbsp;We help corporate partners to become climate positive by embedding positive impacts associated with natural climate solutions in their products and services. Our consumer-centric approach enables our corporate partners to continue to grow their business while enabling their consumers to live sustainably as part of the net-zero transition.&nbsp;<h3>Why have you chosen Cardano?</h3>The energy consumption of Bitcoin has been the most discussed topic, next to the price. The Bitcoin blockchain and many other Proof of Work blockchains consume a tremendous amount of energy to process transactions. It was clear to us that we needed to use a Proof of Stake blockchain, the worst case scenario would&rsquo;ve been if our system consumed more carbon to operate than we are able to offset.&nbsp;We decided to work with Cardano because they have a large community, a provably secure Proof of Stake consensus, and they are a top 5 cryptocurrency by market cap. The Cardano Foundation made us aware that making the Cardano blockchain carbon neutral was an important goal for them. In this spirit, we prepared a campaign that would showcase Veritree&rsquo;s monitoring technology and include the Cardano Community. The timing was great, as the Cardano Summit was coming up and they were just launching the smart contract functionality, using this as a platform to get the word out we announced the Global Impact Challenge at the summit.&nbsp;A lot of things needed to line up to make this a successful campaign and prove out the fundraising model we created. We wouldn&rsquo;t have been able to launch in time without the tremendous effort put forward by the Cardano Foundation and Veritree.&nbsp;<h3>What problems do reforestation projects face today and how does blockchain technology solve them?</h3>There are two major problems that we are directly solving, while also streamlining industry inefficiencies. Planting projects often occur in remote areas of countries, most of the time very far away from the financier.&nbsp;Prior to deploying our technology, our sister company, Tentree, would bear the huge expense of sending people to the planting sites to verify that trees have been planted. However, even sending people to locations cannot stop the ability to double count the trees or impact created. While we can be sure that the proper number of trees have been planted and that they have not since been cut down, without a registry for ownership there is no way to be sure that two companies or individuals aren&rsquo;t claiming ownership of the tree.&nbsp;There is a joke in the reforestation industry that for every 1 million trees planted 100 million trees are claimed. This is a bit of an exaggeration but without a solution to mitigate the risk of double-counting the claims that trees have been planted, we cannot rely on this as a method to tackle climate change.&nbsp;To solve this problem we are deploying a record of ownership (token) on the Cardano blockchain. This token represents one tree, and can only be held by one person in their wallet. The impact can only be claimed by the person holding the token.&nbsp;<h3>Please walk us through how the ITO works and how users can interact with the trees they planted.</h3>The ITO is a new fundraising model that we wanted to prove out. The campaign is predicated on community involvement, by distributing a token we are giving the community direct access to the information we receive from planting sites. After the token is distributed, we get to work and start planting.<figure id="attachment_132993" aria-describedby="caption-attachment-132993"><source type="image/webp" srcset="https://bitcoinethereumnews.com/wp-content/webpc-passthru.php?src=https://en.cryptonomist.ch/wp-content/uploads/2021/10/Immagine_interna.jpg&amp;nocache=1.webp 800w, https://bitcoinethereumnews.com/wp-content/webpc-passthru.php?src=https://en.cryptonomist.ch/wp-content/uploads/2021/10/Immagine_interna-300x169.jpg&amp;nocache=1.webp 300w, https://bitcoinethereumnews.com/wp-content/webpc-passthru.php?src=https://en.cryptonomist.ch/wp-content/uploads/2021/10/Immagine_interna-621x350.jpg&amp;nocache=1.webp 621w, https://bitcoinethereumnews.com/wp-content/webpc-passthru.php?src=https://en.cryptonomist.ch/wp-content/uploads/2021/10/Immagine_interna-435x245.jpg&amp;nocache=1.webp 435w, https://bitcoinethereumnews.com/wp-content/webpc-passthru.php?src=https://en.cryptonomist.ch/wp-content/uploads/2021/10/Immagine_interna-195x110.jpg&amp;nocache=1.webp 195w, https://bitcoinethereumnews.com/wp-content/webpc-passthru.php?src=https://en.cryptonomist.ch/wp-content/uploads/2021/10/Immagine_interna-96x54.jpg&amp;nocache=1.webp 96w" sizes=" 800px) 100vw, 800px"></source><img loading="lazy" src="https://bitcoinethereumnews.com/wp-content/webpc-passthru.php?src=https://cryptonomist.ch/wp-content/uploads/2021/10/Immagine_interna.jpg&amp;nocache=1" alt="Veritree" width="800" height="451" srcset="https://bitcoinethereumnews.com/wp-content/webpc-passthru.php?src=https://en.cryptonomist.ch/wp-content/uploads/2021/10/Immagine_interna.jpg&amp;nocache=1 800w, https://bitcoinethereumnews.com/wp-content/webpc-passthru.php?src=https://en.cryptonomist.ch/wp-content/uploads/2021/10/Immagine_interna-300x169.jpg&amp;nocache=1 300w, https://bitcoinethereumnews.com/wp-content/webpc-passthru.php?src=https://en.cryptonomist.ch/wp-content/uploads/2021/10/Immagine_interna-768x433.jpg&amp;nocache=1 768w, https://bitcoinethereumnews.com/wp-content/webpc-passthru.php?src=https://en.cryptonomist.ch/wp-content/uploads/2021/10/Immagine_interna-621x350.jpg&amp;nocache=1 621w, https://bitcoinethereumnews.com/wp-content/webpc-passthru.php?src=https://en.cryptonomist.ch/wp-content/uploads/2021/10/Immagine_interna-435x245.jpg&amp;nocache=1 435w, https://bitcoinethereumnews.com/wp-content/webpc-passthru.php?src=https://en.cryptonomist.ch/wp-content/uploads/2021/10/Immagine_interna-195x110.jpg&amp;nocache=1 195w, https://bitcoinethereumnews.com/wp-content/webpc-passthru.php?src=https://en.cryptonomist.ch/wp-content/uploads/2021/10/Immagine_interna-96x54.jpg&amp;nocache=1 96w" sizes=" 800px) 100vw, 800px">Veritree&rsquo;s Cardano Forest reforestation project</figure>After which we are going to open up a token swap, where we swap the Veritree Token for a donation record (NFTree) and the individual trees (in token form). Each tree is serialized to the planting session that it was created in. Granting the owner of that token access to the stream of data coming from that location.&nbsp;During the redemption period is when we will issue the digital art and naming rights to the planting areas. The artists we are working with are the creators behind the Cardano Trees and Stellar Hoods projects, they are working on a unique series of NFT art to drop to who has over 500 Veritree tokens. While naming rights are for higher amounts, it is possible to pool redemptions into one name and claim multiple NFTs at a lower value.<h3>Thank you kindly for this interview. Where can people find you?</h3>Thank you for taking the time to read and learn more about what we are building. We have a Medium publication, <a rel="nofollow noopener" target="_blank" href="https://twitter.com/veritree_">Twitter</a>, and Instagram. The best way to reach us is through our Discord server. </div>Source: https://en.cryptonomist.ch/2021/10/31/cardano-forest-interview-with-veritree/

BitcoinEthereumNews

Cardano Forest: Interview with Veritree

<div>
The Cardano Foundation confirmed a series of new strategic partnerships at the recent <a href="https://cardano.org/">Cardano</a> Summit, an event highlighted by the launch of its smart contract capabilities earlier this month. 
“At Cardano, our goal is to provide those at the cusp of societal and technological change with the tools they need to create new possibilities and drive positive impact,” Cardano Foundation CEO Frederik Gregaard said. “Strategically, the partnerships announced today serve to create the foundational structures Cardano needs to prosper from both an enterprise and technical perspective. Our new ecosystem partners cover a range of challenges and opportunities at the forefront of global society today, including climate change, NFTs, decentralized finance (DeFi), and digital identity, and they will play a pivotal role in helping us realize our vision.”

Cardano has teamed up with global land restoration and tree planting verification company veritree to secure its records on Cardano’s blockchain. Going forward, organizations using veritree’s platform will be provided with an immutable, transparent and auditable blockchain based report on all of veritree’s afforestation and reforestation efforts – using a fraction of the carbon footprint of other blockchains.
In recognition, Cardano and veritree launched The First Global Cardano Impact Challenge, inviting its community to make donations to veritree using Cardano’s native token ada. These donations will be used to plant the world’s first #CardanoForest. Once at least 15 ada have been pledged to the campaign, donors will receive 15 veritree tokens or more in return for their donations. These tokens are redeemable for a tree planting certificate with details of all actual trees once these have been planted next year.

“It’s very hard to get more than a GPS location or photo to verify our tree planting,” veritree co-founder and CEO Derrick Emsley said. “By integrating with Cardano’s blockchain, tree planters across the globe will deliver irrefutable proof to sponsors on what sapling has been planted where, by whom, and how that site is being maintained. This provides complete peace of mind to our partners on the legitimacy of their project.”

Cardano has also partnered with esports and gaming platform Rival to develop agnostic NFT marketplaces, fan rewards, and more for Rival and their partners. The union will see Cardano facilitate the ability to create and distribute NFTs, the redemption of NFTs for physical goods, and marketplace-based royalties within the Rival platform, whose clients include the NFL’s Seattle Seahawks, NBA’s Detroit Pistons, and Aston Villa and Watford of the English Premier League.
“Our partnership with Cardano marks Rival’s entry into blockchain and is a significant step in our evolution as an enterprise platform solution to unlock the unlimited potential in gaming and esports,” Rival CEO Matt Virtue said. “Rival’s integration with Cardano will help us maximize and personalize the entire Rival experience – for both gamers and partners.”
Cardano also made progress with increasing on-chain DeFi activity through a strategic collaboration with UBX. A fintech venture studio and fund spun out of UnionBank, UBX has launched its own public stake pool featuring Cardano. UBX stakers are now able to earn rewards on their ada for helping to secure and operate the Cardano blockchain.
“To further excel and maximize the potential of blockchain, we’re looking at emerging protocols like Cardano to connect traditional financial markets to the world’s most innovative financial operating system,” UBX president and CEO John Januszczak said.
Cardano also confirmed support for AID:Tech, which provides identity based solutions for finance, payments and insurance through blockchain. The collaboration will see Cardano provide technical guidance to the AID:Tech team as they develop verifiable credentials for trusted identity management and ownership; enable customers and consumers to quickly process payments and disbursements; and process large transactions volumes.
“In recent months, we’ve reached huge milestones, most notably, the launch of smart contract capabilities on Cardano and successfully minting Cardano’s first Non-Fungible Tokens of Appreciation (NFTA to celebrate the launch of our Developer Portal),” Gregaard said. “These partnerships mark the next phase in our development as we now seek to rapidly drive usage of our blockchain and contribute to the creation of a better economy.”

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Crowdfundinsider

Cardano Summit Sees Series of New Partnerships Announced

<img src="/site/uploads/2021/Sep/27/aid-tech.png" alt=""> The Cardano Foundation, the non-profit organization and custodian of the Cardano blockchain, has announced a number of strategic partnerships that will drive further adoption and utilization of the Cardano blockchain following its highly anticipated launch of smart contract capabilities earlier this month. The announcements were made during the Cardano Summit 2021, a mix of virtual and community events in six major locations (NYC, Miami, Wyoming, London, Berlin and Cape Town) and 40+ community hubs to celebrate the upgrade of the Cardano network with smart contracts capabilities.Frederik Gregaard, CEO of the Cardano Foundation, said, “At Cardano, our goal is to provide those at the cusp of societal and technological change with the tools they need to create new possibilities and drive positive impact. Strategically, the partnerships announced today serve to create the foundational structures Cardano needs to prosper from both an enterprise and technical perspective. Our new ecosystem partners cover a range of challenges and opportunities at the forefront of global society today, including climate change, NFTs, decentralized finance (DeFi), and digital identity, and they will play a pivotal role in helping us realize our vision.”Reforestation verification records to be stored on CardanoAnnouncements made at the Cardano Summit 2021 include news that Cardano has teamed up with global land restoration and tree planting verification company&nbsp;<a href="https://veritree.com/">veritree</a>&nbsp;to secure its records on Cardano’s blockchain. Going forward, organizations using veritree's platform will be provided with an immutable, transparent and auditable blockchain based report on all of veritree’s afforestation and reforestation efforts – using a fraction of the carbon footprint of other blockchains.&nbsp;To celebrate this, Cardano and veritree launched The First Global Cardano Impact Challenge, inviting its global community to make donations to veritree using Cardano’s native token ada. These donations will be used to plant the world’s first #CardanoForest. Once at least 15 ada have been pledged to the campaign, donors will receive 15 veritree tokens or more in return for their donations. These tokens are redeemable for a tree planting certificate with details of all actual trees once these&nbsp; have been planted next year.Derrick Emsley, Co-Founder and CEO of veritree, said, “It’s very hard to get more than a GPS location or photo to verify our tree planting. By integrating with Cardano’s blockchain, tree planters across the globe will deliver irrefutable proof to sponsors on what sapling has been planted where, by whom, and how that site is being maintained. This provides complete peace of mind to our partners on the legitimacy of their project.”&nbsp; &nbsp;Partnering up with esports giant RivalCardano has also partnered with leading esports and gaming platform&nbsp;<a href="https://gorival.com/">Rival</a>&nbsp;to develop agnostic NFT marketplaces, fan rewards, and more for Rival and their partners. The partnership will see Cardano facilitate the ability to create and distribute NFTs, the redemption of NFTs for physical goods, and marketplace-based royalties within the Rival platform, whose clients include the National Football League’s (NFL) Seattle Seahawks, National Basketball Association's (NBA) Detroit Pistons, and Aston Villa and Watford of the English Premier League (EPL).&nbsp;Matt Virtue, CEO of Rival, said, “Our partnership with Cardano marks Rival’s entry into blockchain and is a significant step in our evolution as an enterprise platform solution to unlock the unlimited potential in gaming and esports. Rival’s integration with Cardano will help us maximize and personalize the entire Rival experience - for both gamers and partners.”Regulated institution UBX now running a public stake pool on CardanoIn addition to these partnerships, Cardano took strides to increase on-chain DeFi activity through a strategic collaboration with&nbsp;<a href="https://www.ubx.ph/">UBX</a>.&nbsp;<a href="https://www.ubx.ph/?utm_source=pr&amp;utm_medium=referral&amp;utm_campaign=cardano">UBX</a>, the fintech venture studio and fund spun out of UnionBank, has launched its own public stake pool featuring Cardano. UBX stakers are now able to earn rewards on their ada for helping to secure and operate the Cardano blockchain.&nbsp;John Januszczak, President and CEO of UBX said, “To further excel and maximize the potential of blockchain, we’re looking at emerging protocols like Cardano to connect traditional financial markets to the world’s most innovative financial operating system.”Supporting decentralized finance identity solutionsCardano also confirmed support for&nbsp;<a href="https://www.aid.technology/">AID:tech</a>, which provides identity based solutions for finance, payments and insurance through blockchain. The collaboration will see Cardano provide technical guidance to the AID:Tech team as they develop verifiable credentials for trusted identity management and ownership; enable customers and consumers to quickly process payments and disbursements; and reliably process vast volumes of transactions.The Cardano Summit, and this spate of partnerships, is the latest in a series of wins for Cardano, which successfully launched its Alonzo upgrade earlier this month on the 12th September.Frederik Gregaard, CEO of the Cardano Foundation, concluded, “In recent months, we’ve reached huge milestones, most notably, the launch of smart contract capabilities on Cardano and successfully minting Cardano’s first Non-Fungible Tokens of Appreciation (NFTA to celebrate the launch of our Developer Portal). These partnerships mark the next phase in our development as we now seek to rapidly drive usage of our blockchain and contribute to the creation of a better economy.”About veritree:veritree is a restoration-focused technology company that leverages blockchain to provide tree planting organizations with a robust and transparent integrated planting management platform for global restoration efforts. The veritree platform allows planting organizations to gather ground level data, manage their projects more effectively, and deliver sponsors a world-class, transparent experience. veritree’s mission is to break down barriers facing more widespread adoption of nature-based solutions, with transparency being one of the largest barriers. The veritree platform provides ‘sustainability as a service’ to organizations, helping them join the sustainability revolution, weave positive impacts into their business model, and accelerate access to capital for the world’s best nature-based solution projects.&nbsp;veritree was incubated from the experience of the founder's first venture, tentree - a sustainable apparel company that plants ten trees for every item sold. After planting 68 million trees over the past decade, the tentree team was having an increasingly difficult time verifying the actual planting of trees that they sponsored with verifiable data. veritree was designed to solve this problem and is now being utilized to support other organizations in their planting efforts.&nbsp;About Rival:&nbsp;Rival provides a first-of-its-kind, enterprise platform solution that empowers companies and organizations to leverage the popularity of gaming and esports to acquire new customers, drive engagement, build a loyal community around their brands and create new revenue streams. Through its proprietary technology, Rival connects the massive global appeal and audience of gaming and esports with sports teams, leagues, brands and media properties. With operations in two continents, Rival’s current partnership roster includes the NFL’s Seattle Seahawks, Monumental Sports and Entertainment, NHL’s Arizona Coyotes, NBA’s Detroit Pistons, Aston Villa and Watford of the English Premier League, as well as organizations including the Amateur Athletic Union (AAU) and Pop Warner Little Scholars. For media inquiries, please contact&nbsp;<a href="mailto:media@gorival.com">media@gorival.com</a>&nbsp;|&nbsp;<a href="http://www.gorival.com/">www.gorival.com</a>.About UBX:UBX is the financial technology venture studio and fund of UnionBank of the Philippines,&nbsp;<a href="https://www.ubx.ph/?&amp;utm_source=pr&amp;utm_medium=referral&amp;utm_campaign=cardano">UBX</a>&nbsp;is predicated on a future where financial services are invisible: seamlessly embedded into the experiences and activities that truly matter to businesses and people. For more information, please visit&nbsp;<a href="http://www.ubx.ph/">www.ubx.ph</a>&nbsp;About AID:Tech<a href="https://aid.technology/">AID:Tech</a>&nbsp;is a technology company leveraging blockchain and cryptocurrencies for Web 3.0. AID:Tech has won multiple awards from the likes of Citi, the IMF, Dubai government. With offices in Singapore and Dublin, AID:Tech cooperates with governmental, institutional and private partners globally. Its vision is to provide Digital ID solutions using the most secure and privacy focused technologies available.<a title="Cardano Foundation" lang="en" href="https://cardanofoundation.org/en/"></a>

Veritree Token ($TREES)

Each VeritreeToken represents a real tree to be planted in #CardanoForest

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