A New York-based Foundation and a non-profit NGO, Rainforest Foundation who works in Central and South America are expecting to support anti-deforestation attempts to the Amazon Forest with crypto and blockchain technology.
Fires and Deforestation in the Amazon Rainforest
On September 4’ 2019, the Rainforest Foundation offered help to the crypto and blockchain group for asking their support to fight against forest fires and deforestation in Brazil. The post on the Foundation’s website announces :
“Since Bolsonaro took office in January, deforestation in the Brazilian Amazon is up 75% and forest fires in the Brazilian Amazon have doubled compared to the past year. As guardians of our rainforests, it’s animal and its people, we are working with The Giving Block to form a coalition of crypto sponsors, donors, and media partners who will help stop this devastation.”
So, the Foundation announces that it is receiving cryptocurrency donations in Bitcoin, Ether, Litecoin, Bitcoin Cash and other cryptocurrencies.
Foundation uses blockchain to confirm transparency
The Foundation, which has Sting the Musician as one of their Founders, is currently working on a blockchain pilot to confirm transparency, that will allow the donors to record the work which will be done by the Foundation in the Amazon Rainforest, and also reward the local communities who are protecting their forests with crypto.
The Foundation is also examining the use of smart contracts to stop illicit logging, land trafficking and safeguard forests from gold mining.
Suzanne Pelletier, Executive Director at the Rainforest Foundation, stated that the dreadful situation in the Amazon Rainforest has impelled them to emerge innovative solutions.
Pelletier added :
“Business, as usual, has gotten us to this point. Philanthropy, as usual, won’t get us out. We need innovative solutions, and no one is more innovative than cryptocurrency users.”
Crypto and Charity in partnership
Earlier, the cointelegraph has reported that crypto and blockchain technology is progressively applying to help and support various charitable organizations.
In Hurricane Dorian’s wake, a blockchain company that is headquartered in the Bahamas is requesting the crypto and blockchain group to help and support them to bring relief to the victims of Hurricane.