United Nations will use blockchain to combat climate change

The United Nations signed a Memorandum of Understanding (MoU) with the non-profit W-Foundation to work on climate actions

The blockchain technology has different applications. It can be used to try to reduce the carbon footprint that man generates in the environment. For this reason, the United Nations signed an agreement with the W-Foundation to combat climate change.

Both organizations will work together to promote global climate action projects as the compensation with cryptocurrencies to those that reduce their emission of greenhouse gases.

The purpose of the Memorandum of Understanding (MoU) is to use the Hooxi blockchain application developed by the W-Foundation which is a social network based on distributed technology and is available for iOS and Android phones.

The app encourages people to take climate measures to reduce greenhouse gas emissions in exchange for points that are used for a competitive classification of users. In addition, every month the tool rewards 20% of customers with more points using the W Green Pay (WGP) cryptocurrency.

In the same way, the MoU incorporates several projects, including the formation of a methodology based on the Activities Program for a subset of the Hooxi application portfolio and the application of the blockchain in the compensation markets.


Source: Coincrispy

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