Samsung & Cardano create New Partnership

Technology giant Samsung will now have direct exposure to Cardano through its recent partnership with blockchain growing management system Veritree, according to a tweet uploaded by the Cardano Foundation's Sidney Vollmer.

The American subsidiary of the South Korean leviathan aims to tackle climate change by growing two million mangrove trees in Madagascar, an island country situated in East Africa.

Mangrove woodlands are estimated to store up more than 10 times a lot more co2 than various other tropical forests.

The partnership was revealed throughout the annual Customer Electronics Show (CES) held in Las Vegas.


The Cardano-Veritree partnership.
Veritree's reforestation verification records will be saved on the Cardano blockchain. The modern technology makes it feasible to verify information from planting sites as well as web link every private donation to the area of land it aided to recover.

In 2015, the Cardano Structure launched the extremely first the Preliminary Tree Offering (ITO) along with Veritree. Individuals are able to donate 1 ADA token in order to receive 1 Tree Token that represents one tree. At press time, the ITO has actually collected sufficient payments to plant 553,900 trees.

Individuals that contribute at the very least 500 ADA will receive digital growing certifications as well as "NFTree Art.".

" Highballers" that fork out 100,000 ADA tokens will certainly have the ability to get "worldwide special" NFTree art as well as their name on the map.

Tree growing sessions are set up to continue to completion of 2022, according to a roadmap offered by Veritree.

Ultimately, Veritree intends to grow a billion trees by 2030.

Community Sentiments

Live Comments