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NEAR Foundation and Airchains Join Forces with SankalpTaru Foundation to Boost Accountability in Tree Plantations

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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.

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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, IndiaSE Asia, and Middle East for the NEAR Foundation.

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Blockchain

Wealth Management Platform Market Size to Reach US$ 15.8 Billion by 2032 Due to Rising Demand for Comprehensive Financial Solutions | Research by SNS Insider

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Blockchain

RAK DAO Partners with Phoenix Group PLC (PHX) and Internet of People (IOPn) to Commit $100 Million Investment to Boost Web3 Innovation in Ras al Khaimah

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Phoenix Group PLC and IOPn commit to investing $100 million to drive innovation and attract top Web3 talent to Ras al Khaimah by 2030.

This partnership aims to create a thriving ecosystem for blockchain and digital assets in the region.

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RAK DAO, the world’s first and only Free Zone with Common Law features established to support digital assets companies, has entered into a strategic partnership with Phoenix Group and IOPn. This collaboration aims to drive innovation, foster economic growth, and further position Ras al Khaimah as a global hub for Web3 pioneers. Phoenix Group, an ADX-listed company, is a leader in web3 development in the UAE. IOPn is an integrated Web3 ecosystem that leverages blockchain, AI, and cutting-edge spatial computing.

As part of the partnership, Phoenix Group and IOPn have committed to investing $100 million into the Emirate of Ras al Khaimah by 2030 leveraging RAK DAO’s infrastructure. This substantial investment underscores Phoenix Group and IOPn’s dedication to stimulating innovation and attracting top-tier professionals to the region within the Web3 space. The partnership seeks to target, encourage and attract highly-skilled individuals in Web3, crypto, blockchain, and developer domains to the region. Phoenix Group and IOPn aim to enrich the local talent pool by leveraging initiatives such as the Golden Visa programs and RAK DAO business licenses through investment. By nurturing top-tier talent, RAK DAO, Phoenix Group and IOPn seek to create a thriving ecosystem that harnesses cutting-edge technologies – including blockchain, spatial, and cognitive solutions for economic development and sustainability.

Dr. Sameer Al Ansari, CEO of RAK DAO has expressed, “We are thrilled to welcome Phoenix Group and IOPn as RAK DAO’s Ecosystem Partners. The $100 million investment marks a significant milestone in our mission to establish Ras al Khaimah as a premier destination for Web3 innovation and talent. By leveraging Phoenix Group and IOPn’s expertise and resources, we are poised to further enrich our dynamic ecosystem that fosters cutting-edge technologies and attracts the brightest minds in the blockchain and digital asset sectors.

This collaboration underscores our commitment to driving economic growth and sustainability through technological advancements. We look forward to welcoming top-tier professionals and pioneering initiatives that will redefine the digital landscape of Ras al Khaimah.”

Mr. Seyed Mohammad Alizadehfard (Bijan), Co-founder & Group CEO of Phoenix Group, elaborated on the new strategic dimensions of the partnership, stating, “Our joint venture marks a pivotal expansion of our commitment to blockchain infrastructure aimed at enhancing the technological landscape in Ras al Khaimah. Our partnership will not only drive innovation but also strategically position the Emirate as a leading center for blockchain excellence globally.”

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Mr. Mojtaba Asadian, Founder and CEO of IOPn, added: “IOPn builds on the visionary leadership of Ras Al Khaimah and the supporting environment created by RAK DAO to provide a unique opportunity for top-rated world talent to innovate and create value. IOPn is doing this by offering a powerful new Web 3.0 ecosystem and using the significant proven capabilities of Phoenix Group. We’re thrilled to be embarking upon this partnership with RAK DAO in collaboration with Phoenix Group.”

At the heart of this collaboration lies a commitment to access and nurture top-tier talent within the blockchain and Web3 industries. By enriching the local talent pool and fostering an environment conducive to innovation, RAK DAO, Phoenix Group and IOPN aim to drive forward-thinking initiatives that redefine the landscape and highlight the Emirate of Ras al Khaimah as an attractive destination for top talent. This six-year partnership and substantial investment underscore their dedication to stimulating innovation and attracting top-tier professionals.

 

The post RAK DAO Partners with Phoenix Group PLC (PHX) and Internet of People (IOPn) to Commit $100 Million Investment to Boost Web3 Innovation in Ras al Khaimah appeared first on HIPTHER Alerts.

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Blockchain

xPortal Enhances Solana Crypto-to-Cash Experience with New Ecosystem Integrations

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 xPortal, the ultimate financial super app for everything money, developed by the MultiversX team, is thrilled to announce significant enhancements to its platform, aimed at elevating the Solana ecosystem experience for both new and existing users.

These updates include the ability to top up xPortal Debit Cards with SOL, the listing of numerous SPL tokens, and the integration of leading SOL dApps in xPortal’s Discover section, the app’s multi-chain dApp hub. This development further cements xPortal’s role as a unique bridge between the digital and physical worlds, facilitating seamless transitions from crypto to cash for holders of top cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), MultiversX (EGLD), Solana (SOL), and Polygon (MATIC).

Starting today, xPortal users can effortlessly top-up their xPortal Debit Cards with their SOL holdings. This new feature allows Solana enthusiasts to use their crypto for shopping easily and manage their finances quickly, making it simpler than ever to transition from digital assets to real-world spending power.

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Additionally, xPortal now supports over 20 Solana-based SPL tokens, providing users with expanded opportunities to manage and interact with their favorite Solana assets. The new tokens available on xPortal include $PYTH, $IO, $JTO, $WIF, $BONK, $JUP, $RAY, $BOME, $HNT, $POPCAT, $BEER, $USDT, $USDC, $LINK, $LDO, $FTM, $RPL, $SUSHI, $DADDY, and $BODEN. This extensive list ensures that users can now enjoy a comprehensive Solana experience directly from the xPortal app, with more tokens being activated weekly.

The xPortal Discover section has also been enhanced with the addition of top-tier Solana decentralized applications (dApps). Users can now explore and interact with premier Solana dApps, including Jupiter Exchange, Raydium Protocol, and Kamino Finance.

Sergiu Biris, Head of Product at MultiversX and xPortal Lead, commented on the update: “These latest developments are a testament to our dedication to providing a complete experience for our users and represent a significant step forward in our mission to bring blockchain technology into the mainstream and make crypto payments the norm.”

“We’ve spent considerable time equipping xPortal with a unique set of features that make it stand out: unmatched simplicity and ease of use, beautifully abstracted complexity, the ability to bridge physical and digital realms, and many others. We’re excited to make access to all these features ecosystem-agnostic,” Biris added.

 

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The post xPortal Enhances Solana Crypto-to-Cash Experience with New Ecosystem Integrations appeared first on HIPTHER Alerts.

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