New blockchain launch to reduce damage caused by gold mining
LEHI, UTAH, USA, March 9, 2023 /EINPresswire.com/ — The mainnet associated with the Element blockchain was officially launched on March 1, 2023, meaning the Element blockchain is now prepared for when nodes become operational on March 17, 2023.
The launch of Element Blockchain allows Element United to use blockchain technology as part of their mission to reduce the harmful impact of precious metal mining worldwide.
As of now, every step of the mining process—from excavation to final product—does irreparable harm to the planet, vulnerable communities, and workers in the mines themselves (many of whom are minors.) To reduce this harm, every step of the mining supply chain must change.
Because blockchain transactions are associated with an immutable ledger that cannot be manipulated or changed, the effectiveness and transactability of Element United products can be verified on the Element Blockchain and leveraged as part of Element United’s digital marketplace.
Element United will soon launch several effective products designed to solve problems embedded in the modern mining industry. These products will include Element Ethical Mining Certification (EEMC) which will use blockchain technology and additional safeguards to ensure the adoption of safe and environmentally sustainable protocols in existing mines.
The EEMC certification program will help ensure ethical mining throughout production and improve credibility between multiple stakeholders in the mining-to-consumer ecosystem.
Additional products will include a future carbon offset program, where carbon credits and offsets are verified on the blockchain and potentially tokenized. By tokenizing carbon credits on a blockchain, Element can verify offsets and make transactions more efficient, helping to increase the use and efficiency of carbon credits and prevent double counting of claims.
Element United is also creating an EVault system using NFTs to track the journey of underground resources such as precious metals and elements from mines to finished jewelry or other consumer goods. This will allow producers and owners to have proof of origin and ownership, provide digital evidence for guarantees and verify the ethical and sustainable source of extracted resources.
Finally, Element United will soon release Gold Crew Atlas, which is a free-to-play browser game where players can earn Element Digital Rewards from a pool of Element Digital Rewards owned by Element United, which can be turned in for real gold and silver or other NFTs . Element United has bigger plans to expand this digital economy and marketplace, such as using Augmented/Virtual Reality and AI to create mobile and Indie gaming experiences.
The recently launched Element Blockchain combines proof of authority, a hyper-fast immutable ledger and a proof-of-action Node network.
Element United’s innovative products benefit from the functionality of powerful Element Node Software. Element Nodes are licensed software applications that allow operators to connect to the Element Blockchain and perform computational work to facilitate validation of transactions on the blockchain and, in return, algorithmically earn rewards that can be exchanged in Element United’s digital marketplace.
As Element Nodes confirm actions related to transactions on the blockchain, and because the transactions are validated and immutably recorded, a significant amount of trust regarding the accuracy and efficiency of the transactions provides assurance that allows Element United to help deliver tangible solutions to environmental issues. destruction, exploitation and corruption inherent in precious metals mining.
Extraction of precious elements and metals such as lithium, cobalt, gold, copper and silver is still a necessary part of our economic system. Everything from our phones and computers to our life-saving medical devices and transportation systems require significant amounts of precious metals to function.
But that doesn’t mean we can ignore the global destruction and human exploitation caused by mining. The launch of the Element blockchain is the next step in creating verifiable, tangible solutions that benefit both individuals and the planet.
Element United is hosting an in-person and global livestream event to celebrate the activation of the Element Node Network. Interested individuals can register to attend the event on March 17, where they will be able to access the latest updates and announcements regarding the Element blockchain and all Element United products. Register HERE for the livestream event, or RSVP HERE to attend the event in person.
Ali Sabado
Element United
+1 800-492-6501
[email protected]