Philippine Blockchain Week to offset 500 tons of carbon footprint through KlimaDAO
Philippine Blockchain Week aims to be a carbon neutral event by partnering with KlimaDAO to offset its carbon footprint.
KlimaDAO will facilitate the retirement of 500 tonnes of carbon for the seven-day event. It is estimated that the event itself will have a carbon footprint of 228 tonnes of carbon dioxide, including the emissions from the event, including food, event activities, as well as flights and hotel accommodation.
KlimaDAO is a decentralized autonomous organization that drives the development of the voluntary carbon market by building infrastructure that makes the market more transparent and accessible. Using carbon credits, hosted on the Polygon blockchain, users can offset their emissions with just a few clicks using the KlimaDAO Retirement Aggregator.
“KlimaDAO is building public, open infrastructure that anyone can use to manage their carbon footprint. Given that carbon markets are here to support investment in the planet, we believe the transparency and efficiency of our technology is a significant and important step forward. Basically, this technology maximize investment in the planet by prioritizing market transparency and accessibility for both customers and carbon project developers.” Alex Taylor of KlimaDAO said.
Taking part in PBW2022, Taylor said they want to demonstrate how easy blockchain technology is to use and showcase some of the most innovative and impactful Web3 technology that has been developed to date.
Dr. Donald Lim, the chairman of the Philippine Blockchain Week, said that KlimaDAO is just one of many examples of how blockchain can improve lives.
“KlimaDAO is an important partner for this event. This partnership is a reminder that we can achieve progress, but not at the expense of the environment. We must always take into account the impact of our activities on nature and how we can help alleviate the problem with climate change, he said.
Dr. Lim reiterated that the Philippines can greatly benefit from blockchain and has the advantage among its Southeast Asian neighbors to be the capital of Web3 technology. The country has 73 million plus internet users and has the most crypto wallet downloads in the world in 2021.
“There are many things to learn about blockchain and how it can be used in banking, art and culture, the environment and such. And the good thing about this technology is its openness. Blockchain can be difficult to define, but it is easy to get into. With the Philippine Blockchain Week, we hope to immerse Filipinos in this technology to see its benefits, including how we can use it to address the impact of climate change,” said Dr. Lim.
Philippine Blockchain Week is powered by the following major sponsors 1inch, Tetrix, NChain, GCash, Coins.ph, DVCode, Ark of Dream, iPay88 and Maya.
For more information, visit www.PhilBlockchainWeek.com
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About KlimaDAO
KlimaDAO is a chain scaling solution for the voluntary carbon market. KlimaDAO aims to open up the market for greater transparency and efficiency by combining tokenized carbon credits with a blockchain-enabled technology stack.
If you are interested in participating in KlimaDAO’s management process, register in the Forum. If you are a business that wants to offset your carbon footprint, get started here.
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