Samsung uses blockchain technology to track the climate change
Samsung Electronics America declared Monday at the Tech Conference in Las Vegas its partnership with verities, a blockchain-based climate solutions platform.
The Galaxy mobile phone maker will lead a tree planting in Madagascar and track it using distributed ledger technology.
Samsung Electronics America declared Monday at the Tech Conference in Las Vegas its partnership with verities, a blockchain-based climate solutions platform, to plant 2 million mangrove trees in Madagascar over the next three months. veritree uses blockchain technology to manage the reforestation process and verify each tree that is planted.
The tree planting drive is part of Samsung's nature-based action plan on environment supportability, specifically to capture and sequester carbon dioxide(CO2) from the atmosphere. The objective is to roughly 200 hectares of land and sequesters roughly 1 billion pounds of Co2 over a 25 year period.
Verite, created by tentree, a sustainable apparel company that plants 10 trees for every item of clothing sold, will manage the logistics, Build as an accounting system, verities attempts to provide greater transparency of the entire process from field-level data solution, Company planning to manage treen inventory and impact monitoring Tree planters use their phones to track trees that a sponsor has paid to plant, basically making an advanced guide of the comparing computerized trees.
According to Samsung, mangrove trees are some of the world’s most effective nature-based carbon sinks. Mangrove roots, which are usually covered by water, capture and store CO2 in the soil.
Tree planting is part of Samsung's growing efforts around sustainability. As well as involving sustainability in using renewable energy in the United States. The Company recently unveiled a new Smart TV lineup with an integrated NFT platform.
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