An effort to plant different species of trees native to areas across different parts of Madagascar, Indonesia, Nepal, Kenya, Senegal, and Haiti launched by Cardano has attained its initial goal of 1 million trees. This was reported a couple of hours ago by Frederik Gregaard, CEO of the Cardano Foundation.
According to Gregaard in a series of tweets, the initiative is now fully funded and Cardano Community is the strength behind the milestone. He added that Cardano’s quest to become a leader in climate impact is now becoming a reality with this achievement.
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Frederik Gregaard noted:
“What an achievement! The #CardanoForest is 100% funded, we’ve reached the 1 million trees milestone. The success of this first Cardano Global Impact Challenge for the Cardano Ecosystem truly shows the power of our community.
“We are striving to position Cardano as a leader in climate impact and this is only possible because of the Global Cardano Community; our incredible team here at Cardano Foundation; the industry group, Climate Neutral Cardano; and our partnership with Veritree.
“Together we all share a mission to see Cardano deliver as a blockchain for good.
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“The #CardanoForest will support land restoration and local ecosystem development activities in Mombasa, Kenya. All trees planted will be recorded on the Cardano blockchain for enhanced transparency and serve as public proof of land restoration activities.
“Above all, this represents a cornerstone of what it means to build and utilize a global financial and social operating system. The #CardanoForest is merely the MVP to showcase how SDG reporting can be transparent with blockchain technology.
It can be recalled that this initiative has been adopted by Samsung America via a partnership with Cardano’s partner, Veritree, making the tech giant get exposure to Cardano.
Veritree’s reforestation verification records will be stored on the Cardano blockchain. The technology makes it possible to verify data from planting sites and link every individual donation to the area of land it helped to restore.
Samsung’s land restoration efforts plan to plant 2 million trees by the first quarter of 2022.
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Cardano Foundation wrote, “Another great initiative powered by the Cardano blockchain. @SamsungUS to plant 2 million trees in Madagascar by the end of the first quarter of 2022 in partnership with Veritree, a Cardano blockchain-based climate solutions platform.”
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