Samsung Partners with Cardano-Powered Veritree to Combat Climate Change

samsung cover

Samsung – one of the world’s leading technology companies and a smartphone behemoth brand – has teamed up with Veritree to combat the adverse effects of climate change.

  • According to an official blog post, Samsung Electronics America is launching a new project designed to act in support of a healthier climate and planet.
  • The company will reportedly mobilize the growth and the conservation of more than two million trees on the territory of Madagascar by the end of Q1 2022.
  • The initiative will take place in partnership with a platform called Veritree that’s oriented towards blockchain-based climate solutions.
  • Speaking on the matter was Samsung’s Mark Newton, who said:

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.

  • Veritree is a platform that provides nature-based solutions, leveraging blockchain technology in conjunction with on-the-ground data capture.
  • The project notably uses the Cardano blockchain for its efforts. This was also outlined by the Head of Brand & Communications at the Cardano Foundation – Sidney Vollmer.
SPECIAL OFFER (Sponsored)

Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 25% off trading fees.

You Might Also Like: