Foundation turns to crypto to help save rainforests
05 Sep 2019
A New York-based charity organisation working in Central and South America is seeking to support anti-deforestation efforts with cryptocurrency and blockchain technology.
This week the Rainforest Foundation U.S. reached out to the cryptocurrency and blockchain community for support to fight against deforestation and forest fires in Brazil.
According to the foundation’s website: “Since Bolsonaro took office in January, deforestation in the Brazilian Amazon is up 75% and forest fires in the Brazilian Amazon have doubled compared to the past year. As guardians of our rainforests, its animals and its people, we are working with The Giving Block to form a coalition of crypto sponsors, donors and media partners who will help stop this devastation.”
The Rainforest Foundation has announced it is accepting cryptocurrency donations in Bitcoin, Ethereum, Litecoin, Bitcoin Cash and other digital currencies.
The Foundation is working on a blockchain pilot at present to ensure ongoing transparency, allowing donors to monitor the work carried out in the Amazon rainforest and reward local communities who are protecting their forests with cryptocurrency, reports Coin Telegraph.
Furthermore, the Rainforest Foundation is looking into the use of smart contracts to prevent illegal logging, land trafficking and protect forests from gold mining.
Executive director at the Rainforest Foundation, Suzanne Pelletier said the situation in the Brazilian rainforest has driven them to reach innovative solutions: “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.”
Coin Telegraph reported previously that cryptocurrency and blockchain technology are increasingly being applied to an extensive range of charitable organisations.
A blockchain firm based in the Bahamas is currently requesting support from the cryptocurrency and blockchain communities to aid the victims of Hurricane Dorian.