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Rainforest Foundation is seeking the help of the crypto community to save the amazonian forests

How a Foundation is Turning Towards Crypto and Blockchain to Save the Amazonian Rainforests

Rainforest Foundation is seeking the help of the crypto community to save the amazonian forests

Rainforest Foundation, a South American non-profit organization founded in 1987, is looking for the support of blockchain technology and the crypto community to fight the Amazonian forest fires. 

In spite of the fact that the Rainforest Foundation had its own cryptocurrency, namely, BitSeeds, they are reaching out to the crypto community to elevate and exemplify their impact in South America.

Suzzane Pelletier, the Executive Head of the Rainforest Foundation said:

“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.” 

The Rainforest Foundation highlighted the fact that deforestation in South America has increased by 75% and the Amazonian forest fires have doubled this year. They, therefore, are working with The Green Network seeking the help of the crypto community, for a donation of about USD 100 Million, to fight the devastation in the Amazon forests. 

The foundation is using blockchain technology to give its donors transparency to see how their funds are being used. Apart from this, the foundation is looking towards using smart contracts to prevent illegal logging, land clearing and gold mining. The foundation accepts donations in Bitcoin, Litecoin, Ethereum and other crypto. 

The foundation on its website says,

“Today, we are developing a blockchain transparency pilot with Regen Network, allowing donors to track our work in the Amazon Rainforest and reward local communities who are protecting their forests with crypto. We have long been a part of the crypto team but now we need you on our team.”

 

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First Blockchain Smartphone Makes Appearance

First Blockchain Smartphone Makes Appearance

The world’s first dedicated blockchain smartphones are appearing in the market with the launch of Sirin Labs’ smartphone, Finney. The smartphone will compete with the likes of HTC’s Exodus DLT phone and other non-blockchain phones for a market share of the trillion-dollar-plus smartphone industry.

The new Finney phone does have some industry-specific features like an embedded cold storage that is separate from the main phone storage to protect funds, cyber threat detection, etc. Other standards specs include a 12MP/8MP camera set, a 6-inch touchscreen, 6 GB RAM and 128 GB storage. The company has also incorporated a Google-certified mod of the Android operating system now being called Sirin OS.

The phone was launched in Barcelona and the phones have now started to appear in the market. The Israeli company’s purpose for the new phone is to make the distributed technology more readily available to the average consumer.

The phone’s release comes after much publicity in the form of a USD 157.8 million ICO as well as an expensive endorsement from football icon Lionel Messi. The phone will now compete with HTC’s Exodus smartphone that is going to be launched later this month. The high price figure being touted by the two companies (USD 999 for Finney and USD 960 for Exodus 1) have certainly raised several eyebrows regarding their status as the debate has begun whether they are targeting a niche blockchain market or the mass smartphone market itself.

While the jury is not yet out on this phone, the project has come to a successful conclusion, something not many ICO projects can boast. It is the arrival of the blockchain sector in the tech sector, something missing from the scene for a long time.

Sirin Labs has been in the news for some time as the pioneer in the blockchain smartphone category, although its CEO Moshe Hogeg was embroiled in controversy earlier for his alleged role in the missing funds in two recent ICOs.

 

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