Cardano announces alliance with Veritree, the reforestation program led by Samsung – DiarioBitcoin

For Angel Di Matteo @shadowargel

The technology of Cardano will be used by Veritree to support the financing of the initiative, as well as the management of records on reforestation plans in the areas to be restored.

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The South Korean company developer of technological devices, Samsung, recently made an alliance with Cardano via Veritree, its management system for organic plantations based on Blockchain.

While the alliance itself does not mean that Samsung will fully employ the technology of Cardano in their products and services, which does imply is that they will collaborate jointly in the initiative of the technology giant to fight against climate change, this by planting two million mangroves in Madagascar, a country located towards the eastern part of the African continent.

The news in question was confirmed by the official account of Cardano in Twitter during the event Consumer Electronics Show (CES), where he wrote the following:

“Another great initiative driven by the #Cardano #Blockchain. @SamsungUS will plant two million trees in Madagascar by the end of the first quarter of 2022 in partnership with @Veritree_, a platform based on Cardano’s Blockchain for climate solutions ”.

In this regard, the director of the corporate sustainability area of Samsung Electronics America, Mark Newton commented:

“Investing in technological 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.”

alliance CardanoVeritree

As such, the technology Blockchain from Cardano will be used to store the reforestation records managed by Veritree, with which it will be possible to verify the data associated with the plantation sites and link each donation with the area of ​​land to be restored.

In 2021, the Cardano Foundation launched the first initial offering (ITO) in conjunction with Veritree, with which users could donate 1 THERE IS to receive an allegorical token representing a tree. This raised enough capital to plant more than 553,000 trees.

In this case, the campaign will be reinforced with the gift of digital collectibles (NFT) and digital plantation certificates, which will be given to all those users who donate at least 500 THERE IS to support this cause.

Reforestation campaigns are expected to last until the end of 2022, and the idea of Veritree is to get to plant some 1 billion trees by 2030, provided that the conditions work in favor.


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Fountain: U.Today, Twitter, Samsung

Version by Angel Di Matteo / Daily bitcoin

Picture of Unsplash

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Cardano announces alliance with Veritree, the reforestation program led by Samsung – DiarioBitcoin

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