US entrepreneur and reality TV show star Mark Cuban is using blockchain technology to lock up carbon offsets on the low-emission Polygon network.
KlimaDAO, which has accumulated over 9 million BCTs, told CoinTelegraph that it uses Polygon because of its negligible carbon emissions.
By developing a carbon-backed currency, users will be given a legitimate means to factor the cost of carbon in their economic activity.
I’m excited to be working with a team that is using blockchain and smart contracts to solve a pressing, real-world problem and that is building a platform to help organizations around the world build climate resilience.
Two of the three environmental investments listed on the Mark Cuban Companies website with a focus on distributed ledger technologies are blockchain solutions, which aim to address climate challenges.