Samsung and Cardano have entered into an eco-partnership
The tech giant is going to plant millions of trees in Madagascar
05.01.2022 - 12:35
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What’s new? According to a tweet by Sidney Vollmer, Samsung now has access to Cardano thanks to a partnership with the Veritree climate solutions platform. The South Korean tech giant plans to combat climate change by planting two million mangrove trees in Madagascar. One platform token (ADA) equates to one tree planted.
Wow! @Samsung 's land restoration efforts – 2 million trees to ben planted this quarter, done by our great friends at @veritree, will live on our blockchain! Meaning: Samsung will now get exposure to #cardano— Sidney Vollmer (@SidneyVollmer) January 4, 2022
What did Samsung representatives say? Mark Newton, Head of Corporate Sustainability at Samsung Electronics America, stated that the new technologies are “vital” in the fight against climate change.
“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.”
What is Veritree? It is a blockchain-based project that verifies data from tree planting plots and links each individual donation to the area of land it helped restore. The users who will donate a large number of tokens will receive special NFTs. In this way, Veritree plans to plant a billion trees by 2030.
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