Following the recent mass forest fires in Brazil the Rainforest Foundation is looking to raise funds to help combat the fires and mass deforestation using blockchain technology. A post on their website states:
“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.”
Cryptocurrency, The Ideal Solution!
The foundation, which is based out of New York, says that it would be accepting crypto donations in the form of Bitcoin, Ethereum, Litecoin or Bitcoin cash. They move on to say that cryptocurrency proves the ideal form of donation for them due to the tax systems that are in place in the Unites States.
The foundation themselves are developing an innovative blockchain platform in cooperation with Regen Network. The blockchain will allow donors of the foundation to track all of the work being done in the Amazon Rainforest and reward local communities who are protecting their forests with crypto. Smart contracts are also being utilized to prevent land trafficking, illegal lodging and to safeguard the rainforest from gold mining which is becoming an increasing problem in the region.
Innovation is Key
The co-operation with the Regen Network has allowed the foundation to innovate and move forward at an impressive rate with the technology provided. Regen themselves have set out a goal “To dramatically increase the scale of investment to front line forest protectors and produce results that will have a global impact on our climate.”
Executive Director of the foundation, Suzanne Pelletier, has stated that there is a dire need for the foundation to push for these innovations to meet the dire situation the rainforest finds itself in.
“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.”
Should anyone want to donate to the foundation, you can do so here