Saturday, January 22, 2022

Samsung Interacts With Charles Hoskinson to Confirm the New Exposure to Cardano Blockchain

Samsung Electronics America, the American subsidiary of the South Korean tech behemoth, has recently interacted with Charles Hoskinson, the CEO of IOG, on Twitter, which many have termed as a confirmation of the new exposure to Cardano, the largest proof-of-stake (PoS) blockchain.

It was earlier reported that the tech giant Samsung is getting exposure to Cardano through its new partnership with Veritree, a blockchain planting management system.

Read Also: Cardano Founder Is Passionate about Fixing Decentralized Finance (DeFi) Sector

As explained by Cardano Foundation, Samsung Electronics America aims to tackle climate change by planting two million mangrove trees in Madagascar.

Cardano Foundation tweeted, “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.”

Read Also: Cardano Advancement: IOG Is Building Light Wallet for Browsers and Mobile Phones with In-Built Dapp Store

According to the report, the new partnership between Samsung and Veritree was announced during the annual Consumer Electronics Show (CES) held in Las Vegas.

Samsung Interacts With Charles Hoskinson on Twitter

A couple of hours ago, Charles Hoskinson, the creator of Cardano shared a photo of himself showing that he was present at the annual Consumer Electronics Show (CES) held in Las Vegas, where the partnership was officially announced.

The photo gained vast reactions from the crypto community members, including Samsung Electronics America, which could be termed as the confirmation of a new relationship with Hoskinson and Cardano.

Samsung US tweeted, Hope you have some fun this week!”

Read Also: Charles Hoskinson: We Aim To Make Cardano As Ubiquitous As Internet and Be Used By Billions

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Charles Hoskinson also responded, “I will especially since I got this amazing note phone!”

Veritree’s reforestation verification records are expected to 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.


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Solomon Odunayo
Solomon Odunayo is a cryptocurrency journalist with over 3 years of experience in the crypto industry. He's sternly interested in covering developments of emerging and established blockchain projects.

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