Blockchain technology is having a tangible positive influence on environmental stewardship through innovative projects that are retiring carbon credits, generating staking yields to support ecological initiatives and incentivizing communities to monitor and protect natural resources.
“Our core business is to create incentives that make environmental protection attractive for the local communities and also financially beneficial for them,” Sandal explains. A key characteristic that has made blockchain technology key in GainForest’s service is transparency. Sandal believes this is core to a regenerative economy, whether its monitoring side effects of externalities or growth of its net effects:
Cointelegraph will explore the GainForest project at length in an upcoming feature, but the project stands out as an innovative initiative harnessing nascent technology and hardware.
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