Cudo will be working with ClimateTrade to make its decentralized blockchain platform, Cudos, carbon neutral according to a recent announcement.
While Cudos is already a Proof-of-Stake (PoS) network, Cudo thinks that it could eliminate its carbon footprint entirely.
ClimateTrade is a climate-focused company that is based in Spain. It operates in a number of nations, and helps companies to drop the amount of carbon they create via green power usage, and other mitigating technologies.
Matt Hawkins, the CEO & Founder, Cudo, commented
“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.”
While 2021 has seen a major interest develop in blockchain technology, it has also witnessed a push for greater environmental awareness in the blockchain sector.
Many people don’t understand the difference between a system like Bitcoin, which uses a Proof-of-Work architecture, and a platform like Cudos, which already uses next-generation PoS technology. It also has a partnership with Algorand, which is a carbon neutral blockchain.
Cudos is Going Greener
At the moment, Cudos already has an extremely green Layer 1 blockchain. It is focused on providing decentralized cloud computing solutions, although it could be used for other purposes as well.
ClimateTrade has already worked with companies like Iberia, Telefónica and international hotel company Meliá to drop overall carbon emissions. It is able to do this by integrating greener energy sources into the power ecosystem…