Loading ...

Foundation uses Blockchain and Crypto to help Save the Brazilian Amazon Rainforest

Foundation uses Blockchain and Crypto to help Save the Brazilian Amazon Rainforest

by Amelia Scott — 2 weeks ago in Blockchain Technology 2 min. read

The Rainforest Foundation is the US, New York-based nonprofit non-government organization operating in Central and South America, now hoping to support anti-deforestation efforts with crypto and blockchain technology.

Deforestation and fires in the Brazilian Amazon

On Sept. 4, the Rainforest Foundation — that was set in part by artist Sting — attained out to the crypto and blockchain community to request their service to fight against deforestation and forest fires in Brazil. The article on the base’s website says:

“Since Bolsonaro took over in January, deforestation in the Brazilian Amazon has been up to 75% and wildfires in the Brazilian Amazon have doubled compared to last year. As the guardians of our rainforests, its animals and its people, we are working with The Giving Block to form alliances of crypto sponsors, donors and media partners that will help prevent this catastrophe. “

The Rainforest Foundation claims it is accepting cryptocurrency contributions in Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Bitcoin Cash (BCH) along with other cryptocurrencies.

Related: – What is Cryptocurrency?

Using blockchain to assure transparency

The Rainforest Foundation is presently focusing on a blockchain pilot to ensure continuing transparency, that will enable donors to monitor the job accomplished by the foundation at the Amazon rainforest and benefit local communities that are protecting their woods using crypto.

The base is also exploring the use of intelligent contracts to prevent illegal logging, property trafficking and shield woods from gold mining.

Suzanne Pelletier, executive manager in the Rainforest Foundation, stated that the dire position at the Brazilian rainforest has pushed them to think of innovative solutions. She added:

“Business as usual has brought us to this point. As usual, we did not get philanthropy. We need innovative solutions, and none are more innovative than cryptocurrency users.”

Related: – What is Blockchain Technology Used for Besides Cryptocurrency?

Crypto and charity go hand in hand

Cointelegraph has reported that crypto and blockchain technologies are being implemented to encourage a huge array of charitable organizations. In the aftermath of Hurricane Dorian, a blockchain firm headquartered at the Bahamas is requesting that the crypto and blockchain communities assist them to attract relief to the storm victims.

Amelia Scott

Amelia is a content manager of The Next Tech. She also includes the characteristics of her log in a fun way so readers will know what to expect from her work.

Blockchain Technology is Edging Up. Are You R...
Monday, 25 February 2019
Best 5 Cryptocurrencies of 2019
Wednesday, 26 June 2019
What is Cryptocurrency?
Friday, 10 May 2019

Leave a Reply

Notify of

Most Popular

Never miss out

Sign up with TNT and get direct story to your inbox.
Facebook Pagelike Widget

Like us on Facebook

Twitter Feeds

How to invest in 3D Printer and Earn Money – THE EXPERT GUIDE

Read post: – https://t.co/FKMbrdVeBt

#3DPrinter #Money #TNT #TheNextTech

Libra will be Interoperable. Facebook should be too

Read post: – https://t.co/w1O0AqdW8Z

#Libra #Facebook #TNT #TheNextTech #Tech

Trending Social Media tools for Businesses to Witness in 2019

Read post: – https://t.co/DCX7dOSrZ0

#SocialMedia #BusinessIdea #Chatbot #Tech #TNT #TheNextTech

Mobile Apps can Enhance Real-World Experiences how?

Read post: – https://t.co/bw8nSSY42C

#MobileApps #Apps #TNT #TheNextTech

How to use Direct Mail To Grow Your Marketing Results

View post: – https://t.co/IdUcKYChUf

#DirectMail #GrowBusiness #Marketing #TNT #TheNextTech

Load More…

Copyright © 2018-2019 The Next Tech. All Rights Reserved.