Liverpool is looking to fight climate changes with the help of blockchain. The authorities agreed to a partnership with an eco-digital company Poseidon Foundation to integrate its blockchain-powered platform into daily operations. Poseidon Foundation is developing blockchain solution based on Stellar that will make ?carbon credits? available for the small corporations and city residents. One of the future developments of the start up is blockchain app that shows carbon emission when you buy a pair of shoes for example. If a customer is concerned about the ecology then he can enable the function that will deduct money from his card automatically for ?carbon credit?. It’s known that Poseidon Foundation is planning to issue Ocean tokens that will help financing tree planting. The city council is aiming to cut its overall carbon emissions by 40% by 2030 by using blockchain solution. We note that similar system works in 170 countries and companies that produce more carbon emissions than they are supposed to should pay extra. Earlier ForkLog announced that IBM signed partnership agreement with fin-tech start up Veridium Labs that focuses in ecological solutions. |
