Blockchain
NEAR Foundation and Airchains Join Forces with SankalpTaru Foundation to Boost Accountability in Tree Plantations
SankalpTaru Foundation, a non-profit organization dedicated to promoting sustainable living and biodiversity conservation, announced today that it is partnering with NEAR Foundation, the non-profit that supports the on-going growth and development of the NEAR Protocol, a high-performance, low cost and super scalable carbon-neutral blockchain, and Airchains to transform the tree plantation ecosystem with blockchain technology. By using NEAR Protocol along with Airchains‘ cutting-edge web3 middleware SaaS solution, SankalpTaru Foundation is making tree plantations more transparent, traceable, and accountable.
Preserving the environment has emerged as one of the key goals globally as climate change, adverse environmental conditions, pollution, greenhouse emissions, and more are impacting planet earth every day. Around 10 million hectares of forest is cut down every year to provide land for housing and urban development. Governments worldwide are making conscientious efforts to promote environment conservation, eco-friendly measures, reduce carbon footprint, and employ carbon offsetting initiatives such as tree plantation, reforestation, renewable energy usage, recycling, etc. To accomplish these sustainability goals, funds are released frequently by governments to ensure environmental conservation awareness and preservation, yet corrupt practices trickle through that inhibit the progress immensely. Practices such as illegal logging, illegal trade, poaching, misuse of public funds, fraudulent reports, and the like, are still existent and rampant in the sector.
SankalpTaru Foundation, one of India’s leading IT enabled NGOs, has recognized the potential of blockchain to enhance transparency, traceability, and accountability in tree plantation operations. NEAR Protocol will allow SankalpTaru Foundation to create tamper-proof digital records of each tree planted, including its species, location, and growth status. This will enable the foundation to monitor the progress of its tree plantation initiatives in real-time, ensure compliance with environmental regulations, and track the impact of its efforts on biodiversity and carbon sequestration.
Airchains’ web3 middleware SaaS, on the other hand, will enable SankalpTaru Foundation to automate the payment and delivery of goods and services to its stakeholders, such as seed suppliers, nurseries, and farmers. Airchains’ middleware will integrate with NEAR Foundation’s blockchain to ensure secure and transparent transactions, reducing the risk of fraud and corruption. Donors can track their contributions and follow the progress of each planted tree through geolocation and geofencing. This pioneering move will not only provide real-time data for each tree but also enable better monitoring of plantation density in specific areas, fostering a sustainable and greener future.
“SankalpTaru was started with a group of nature enthusiasts dedicated to becoming the medium between technology and green environment. With over 5 million trees planted, recorded, and tracked, having covered 26 states and UTs in India, we are still on our journey to making the planet greener. By incorporating blockchain technology into our ecosystem, we wanted to enable trust, transparency, and accountability for our donors and provide an exclusive unique experience to them. Through this immutable technology, the increased trust in our process and accountability will further our cause for greenery. Along with that, donors can also track various stages of the tree plantation process and track their contributions.” Apurva Bhandari, Founder, SankalpTaru
“Partnering with SankalpTaru Foundation in their endeavor to ensure a greener planet and promote a more sustainable and equitable world by aiding them with our cutting-edge blockchain infrastructure has been an exciting experience. Through flexible and seamless integration, we have created a trustworthy environment for the donors which is tamper-proof and fully transparent and ultimately we hope this would increase the conversation around how blockchain technology could be incorporated into the environment sector to ensure secure tracking, recording, and documentation, and that this technology still has considerable untapped potential.” Ankur Rakhi Sinha, Co-founder and CEO, Airchains
The donations made to the foundation are used for different activities undertaken to sustain the environmental efforts and support local farmers. They also have Gramyumm, an initiative organized by them to uplift rural communities through e-commerce and hosting their produce for sale on the foundation’s website.
“NEAR Foundation has been at the forefront of supporting Indian innovations and contributing to a better future. Our scalable and developer-friendly blockchain platform will enable SankalpTaru Foundation to create innovative solutions that drive positive social and environmental impact. With this integration with SankalpTaru and Airchains, which is a novel sustainable technology initiative, we are expanding our scope to include new industries that have not yet utilized blockchain to the best of its offerings and want to nurture that growth as the technology continues penetrating more sectors.” Arpit Sharma, Managing Director, India, SE Asia, and Middle East for the NEAR Foundation.
Blockchain
Bybit Expands bbSOL Yield Opportunities Through Strategic DeFi Partnerships
Blockchain
This Week in Finance News: 11 Stories You Need to See
With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.
The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.
- Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few. - Cardinal Health announces two strategic additions to its portfolio
Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash. - BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems. - Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
“I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands. - Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately. - PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
- Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
- Finaya Unveils Nationwide Homeownership Platform
From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient. - GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too. - GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics. - Most US shoppers are encountering generative AI while shopping without realizing it
A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.
For more news like this, check out all of the latest finance-related releases from PR Newswire.
Do you have a finance press release to distribute? Sign up with PR Newswire to share your story with the audiences who matter most.
Helping Journalists Stay Up to Date on Industry News
These are just a few of the recent press releases that consumers and the media should know about. To be notified of releases relevant to their coverage area, journalists can set up a custom newsfeed with PR Newswire for Journalists.
Once they’re signed up, reporters, bloggers, and freelancers have access to the following free features:
- Customization: Users can create customized newsfeeds that will deliver relevant news right to their inbox. Newsfeed results can be targeted by keywords, industry, subject, geography, and more.
- Photos and Videos: Thousands of multimedia assets are available to download and include in a journalist or blogger’s next story.
- Subject Matter Experts: Journalists will have access to ProfNet, a database of industry experts to connect with as sources or for quotes in their articles.
- Related Resources: Our journalist- and blogger-focused blog, Beyond Bylines, features regular media news roundups, writing tips, upcoming events, and more.
The post This Week in Finance News: 11 Stories You Need to See appeared first on .
Blockchain
Fintech as a Service Market: A Comprehensive Trends Analysis Predicts a USD 1,329.12 Billion by 2032 CAGR: 17.4% | PMR
-
Blockchain Press Releases4 days ago
Notabene Raises $14.5M in Series B Funding Led by DRW VC to Drive the Future of Stablecoins and Payments
-
Blockchain5 days ago
The First Cold Wallet for Miners: EMCD & Tangem Launching Limited Edition Wallets
-
Blockchain Press Releases5 days ago
Moby, Engages GSR to Enhance Liquidity and OTC Trading for Moby Token
-
Blockchain6 days ago
Bybit Web3 and Aptos Kick Off APT Ecosystem Airdrop
-
Blockchain Press Releases3 days ago
Bybit WSOT 2024 Shatters Records with $100 Billion in Trading Volume, Redefining Crypto Trading Competition
-
Blockchain Press Releases5 days ago
Bitget Lists peaq (PEAQ) on Launchpool with 12,125,000 Tokens in Rewards
-
Blockchain Press Releases5 days ago
QCP Trading Receives In-Principle Approval for Major Payment Institution License in Singapore
-
Blockchain5 days ago
WAGMI Announces First Speakers and Featured Partners for the Biggest Blockchain Event in America