{"id":31958,"date":"2020-12-03T12:20:55","date_gmt":"2020-12-03T11:20:55","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=31958"},"modified":"2020-12-03T12:20:55","modified_gmt":"2020-12-03T11:20:55","slug":"climatetrade-partners-with-algorand-and-receives-investment-from-borderless-capital","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/climatetrade-partners-with-algorand-and-receives-investment-from-borderless-capital\/","title":{"rendered":"Climatetrade Partners with Algorand and Receives Investment from Borderless Capital"},"content":{"rendered":"
Climatetrade<\/a> announced a partnership and investment together. They will use the Algorand<\/a> network in their blockchain system.<\/strong> The team believes that the new partnership will help them toward improving the technology faster. <\/span><\/p>\n <\/p>\n The investment news includes Borderless Capital that has invested 1 Million euros in Climatetrade in their seed round.<\/span><\/p>\n The new partnership with Algorand helps Climatetrade improve its blockchain offerings. They currently work with big companies like Iberia, Meli\u00e0 Hotels, Cabify, and Telef\u00f3nica to offset their carbon footprint. Customers receive services in a carbon marketplace by trading their footprint tokens with carbon credits.<\/span><\/p>\n Algorand is a public blockchain network, and Climatetrade has chosen them to empower the platform’s infrastructure level. They believe the recent partnership will make Climatetrade’s blockchain more efficient, transparent, and inclusive.<\/span><\/p>\n The recent partnership with Climatetrade helps Algorand expand its customer base. W. Sean Ford, COO of Algorand, <\/span>said<\/span><\/a>:<\/span><\/p>\n “Climatetrade’s selection of Algorand to power a global marketplace for carbon offsetting is a major shift in how organizations can achieve carbon neutrality. By making carbon offsetting more easily accessible and efficient, Climatetrade is poised to make a far-reaching environmental impact through its vast network — all with blockchain.”<\/span><\/em><\/p>\nOffering Better Decentralized Services Focused on Climate Changes<\/b><\/h2>\n
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