5 Web3 Projects Saving the Planet | 29/03/23
Regen Network is a blockchain-based platform that aims to create a global network of ecological monitoring and regeneration. The platform leverages Web3 technology to create a decentralized network of monitoring devices and data collectors, which can provide real-time data on ecological systems such as forests, oceans, and wildlife habitats.
Chia Network is a blockchain and cryptocurrency project founded in 2017 by Bram Cohen, the creator of BitTorrent. Unlike traditional cryptocurrencies that rely on energy-intensive mining processes to generate new coins, Chia uses a “proof of space and time” consensus algorithm that relies on hard drive space and time to validate transactions and create new coins.
The Ocean Cleanup – The Ocean Cleanup is a project that aims to rid the world’s oceans of plastic waste using a fleet of autonomous systems. They have leveraged Web3 technology to create a token-based funding model that allows anyone to invest in the project and receive a share of the profits.
CarbonX – CarbonX is a project that uses blockchain technology to create a carbon credit marketplace. They enable individuals and businesses to offset their carbon footprint by purchasing carbon credits from verified sources. CarbonX uses smart contracts to ensure the transparency and immutability of the transactions.
Veridium – Veridium is a project that uses blockchain technology to create a transparent and secure supply chain for sustainable commodities. They enable companies to track the origin of their products and verify their sustainability credentials. Veridium also uses blockchain to create a transparent and trustworthy carbon credit trading platform.
These are just a few examples of the many Web3 projects that are working to save the planet. As the Web3 ecosystem continues to grow and mature, we can expect to see more innovative projects emerge that use this technology to promote sustainability and conservation efforts. The potential of Web3 to transform our world is immense, and it’s exciting to see it being used for the greater good.
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