Top Posts
Report: Nigeria, others may lose $300 billion, 49m...
Pope Leo hits out at climate change critics
Nigeria insurers prepare to global delegates on climate...
Energy Dept. asks employees not to use words...
Protesters seek $5tr payment from fossil fuel companies
Borno govt, NGOs demand funding on climate change...
Lagos rolls two-year flood plan to integrate lakes,...
UN official says climate change displaces up to...
UN ends high-level week with calls for peace,...
Ahead of COP30 conference, new national climate plans...
EcoNai Newsroom
  • Newsround
  • Nigeria
  • Africa
  • World
Africa

Samsung to deploy blockchain technology in tackling climate change

by admineconai January 5, 2022
written by admineconai January 5, 2022
1.5K

Samsung Electronics America has announced that it is working with veritree, a blockchain-based climate solutions platform, to plant 2 million mangrove trees in Madagascar over the next three months.

The tree-planting initiative is part of Samsung’s nature-based plans to sustain the environment and specifically capture and sequester carbon dioxide (CO2) from the atmosphere, the company has said. 

The goal is to restore roughly 200 hectares of land and sequester roughly 1 billion pounds of CO2 over a 25-year period.

Veritree is a platform that uses blockchain technology to manage the reforestation process and verify each tree that is planted. Veritree, developed by tentree, a sustainable apparel company that plants 10 trees for every item of clothing sold, will handle the logistics.

Built as an accounting system, veritree attempts to provide greater transparency of the entire process from field-level data collection, site planning, tree inventory and impact monitoring. Tree planters use their phones to track trees that a sponsor has paid to plant, essentially creating a digital map of the corresponding digital trees. 

Read also: DRC plans to lift logging ban in Congo Forest

Samsung’s head of corporate sustainability Mark Newton said on Monday at the CES Tech Conference in Las Vegas that investing in innovative technology and so-called “nature-based solutions” was vital for combating climate change. 

According to Newton, mangrove trees are some of the world’s most effective nature-based carbon sinks. Mangrove roots, which are usually covered by water, capture and store CO2 in the soil.

He announced that Samsung also plans to work with local community members of the Mahajanga region of Madagascar, a region faced with large deforestation, to reach its 2 million tree goal by the end of the first quarter. 

“The tree-planting initiative is part of Samsung’s growing efforts around sustainability,” Newton said. “In addition to using renewable energy in the United States, the company recently unveiled a new smart TV lineup with an integrated NFT platform”.

Climate changeMangrovesSolutionsTrees
0 comment 0 FacebookTwitterPinterestEmail
admineconai

previous post
Study says climate change to increase hurricanes in New York, other cities
next post
New York gov says climate change top of 2022 plan

Related Posts

At the 2nd Climate summit Africa mobilizes for...

September 19, 2025

AfDB sets aside $40m to drive AGIA green...

August 18, 2025

Report: African cities move to address carbon-neutral development

August 13, 2025

Researchers warn Africa could face 113 million climate...

May 23, 2025

Stiell says new NDCs are about growth, antidote...

May 21, 2025

AFDB, others move to address climate change

May 17, 2025

Report shows 2024 as hottest in Africa, warns...

May 12, 2025

Research shows two-thirds of global warming since 1990...

May 12, 2025

Survey shows Africans less likely to blame rich...

May 12, 2025

Magnitude 4.1 earthquake hits Marrakech

May 6, 2025

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Newsletter

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

  • Facebook
  • Twitter
  • Instagram
  • Linkedin
  • Bloglovin
  • Vimeo

@2021 - All Right Reserved. Designed and Developed by Eco-Nai+

EcoNai Newsroom
  • Newsround
  • Nigeria
  • Africa
  • World