Cudos aims to achieve Carbon Neutrality by Partnering with ClimateTrade.
Cudos recently announced that they are partnering with a Blockchain based carbon credit company ClimateTrade to become a Carbon Neutral Blockchain in the industry.
In this article we will try to understand,
-Why is Carbon Neutrality important ??
-What does it mean for Cudos ??
-What is ClimateTrade ??
Importance of Carbon Neutrality
Global Warming is becoming reality and the effects are clearly visible with changing weather, melting polar regions. With increasing Carbon Emissions which is the main cause of global warming, we are not going to solve the problem in any way. The only way we can stop global warming is the dream of achieving Carbon Neutrality in every field.
Cudos & Carbon Neutrality
Cudos is a Cloud Computing Blockchain project and with their Upcoming Proof-Of-Stake(PoS) Blockchain launch they are going to be one of the least Carbon producing Companies in the industry, But Cudos aims to become an Carbon Neutral company as they are making Sure that their Innovation doesn’t Cost environment in a bad way.
After recent partnerships Matt Hawkins ( CEO, Cudos) adds:-”Building a sustainable computing model sits at the very core of our company’s values. Choosing the right partner to help us offset our network’s carbon footprint warranted deep research and consideration. It was therefore imperative that the partner we selected, utilizes blockchain technology, offering transparency and traceability to where purchased carbon credits are being spent. We strongly believe that ClimateTrade is that partner, and we’re extremely proud to meet our target of ensuring Cudos is carbon neutral, in readiness for the network launch this quarter.”
What is ClimateTrade??
Climatetrade is a Blockchain based Carbon Credits company where they offer various options to projects using which they can reduce their carbon emissions and also to become a carbon neutral company.
How does ClimateTrade do that ??
ClimateTrade Marketplace:- ClimateTrade offers a marketplace where companies & projects like Cudos buy Carbon Credits to offset their Carbon Emissions, the marketplace offers a variety of options to the projects where they can buy Carbon Credits according to their needs.
Helps to make product & services carbon neutral:- they have created an unique API which helps companies to offer their product and services to go carbon neutral and helps them to keep all the reports to create sustainability reports.
Sustainability Report:- climateTrade creates a Non-financial report to analyse their expenses and help them to identify carbon footprint after that team of experts works with the company to offset the unnecessary carbon emissions.
What is Cudos ??
The Cudos Network is a layer 1 blockchain and layer 2 computation and oracle network being designed to ensure decentralized, permissionless access to high-performance computing at scale and enable scaling of computing resources to 100,000’s of nodes. Once bridged onto Ethereum, Algorand, Polkadot, and Cosmos, Cudos will enable scalable compute and Layer 2 Oracles on all of the bridged blockchains. (Ref. Cudos article )
For more information visit:- CUDOS — The Global Compute Network
