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.

Samsung’s Land Restoration Efforts to Involve Cardano Blockchain

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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The post Cardano Becoming Leader in Climate Impact: 1 Million Trees Now Planted and Recorded On Cardano Blockchain appeared first on Times Tabloid.

The new development was shared with the community by Sidney Vollmer, Head of Brand & Communications at Cardano Foundation.

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Sidney Vollmer tweeted, “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.”

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

As further explained by Cardano Foundation in a tweet, the American subsidiary of the South Korean behemoth aims to tackle climate change by planting two million mangrove trees in Madagascar.

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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.

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.”

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.https://t.co/vtTUfTmqqS #Sustainability

— Cardano Community (@Cardano) January 4, 2022

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

Mangrove forests are estimated to store ten times more carbon dioxide than other tropical forests.

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Reacting to the new development in a statement, the head of corporate sustainability at Samsung Electronics America stated that investing in innovative technologies is vital in fighting 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.”

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The post Tech Giant Samsung Gets New Exposure to Cardano Blockchain via a New Partnership appeared first on Times Tabloid.