In order to plant 2 million trees more responsibly, Samsung uses the blockchain to “supervise”

On January 3, Samsung announced that it will plant 2 million mangrove species in Madagascar in the next three months.

Planting trees is nothing unusual. What makes this sustainable project unique is that it is the blockchain that is responsible for the "supervision".

▲ Picture from: CNET

To this end, Samsung will cooperate with a blockchain company called veritree.

According to the official website , veritree uses the blockchain to build a platform that "brings transparency and accountability" to the planting project.

How to plant trees "transparently"? Specifically, it is divided into the following steps:

The first step is to provide a unique token for each tree, which is based on the blockchain and is also associated with ground data, and is distributed to project investors; to provide growers with Collect equipment dedicated to ground data collection.

▲ Picture from: veritree

In the second step, growers submit real-time data about planting conditions. The methods of data collection, management, and upload are all standardized to support a low Internet environment. The data is finally stored securely on veritree's blockchain platform.

In the third step, the platform verifies the time, location, and other information, and synchronizes it back to the central database to ensure that trees will not be double-counted and leave a permanent record.

▲ Picture from: veritree

Finally, project investors can track the real growth progress of each tree in real time through the corresponding interactive digital map.

Thus, the entire project, "exposure to the sun", field conditions and planting block chain digital signatures and matching on assets, to prevent history from being tampered.

When we want to know whether there are differences in the various data of a tree, and how much carbon it will absorb in its lifetime, it is clear by looking at the historical records. There is no need to spend hundreds of thousands of dollars a year to hire auditors to fly to the project site as before.

▲ Picture from: the hill

This actually solves a vital need in environmental protection projects-accurately monitor and continuously manage the planting progress to ensure that the project is fully implemented as expected.

After all, no one wants to see that environmentally friendly projects are ultimately just exaggerations. As investors’ interest in climate investment increases, there is an urgent need to establish a standardized certification process to determine which projects will go down with real money.

At the same time, veritree connects investors directly to trees, each tree is more unique because of the blockchain, and their efforts are seen one by one. It is easier for investors to understand the process of planting trees than to understand the removal of a ton of carbon from the air, and it is easier for investors to have a long-term interest in it.

▲ Picture from: veritree

In this cooperation, Samsung chose mangroves for a reason, which is mainly used for carbon storage and prevention of coastal erosion. Studies have shown that the annual carbon sequestration rate of mangroves and coastal wetlands is ten times that of mature tropical forests.

The mangrove project was announced at the annual CES (International Consumer Electronics Show), which is also Samsung's latest effort to tackle climate change.

Like other technology giants, Samsung is increasingly turning its facilities to renewable energy sources and investing in product recovery and reuse. Samsung claims that its US factories use 100% renewable energy.

Grapes are not the only fruit.

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