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.
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Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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