Just recently Samsung made an announcement to plunge into the NFT market, now Samsung is making another surprise by choosing to use the Cardano blockchain for sustainability efforts.
The latest announcement earlier outlined several updates that Samsung plans to incorporate NFT in its new smart TV series.
The upcoming NFT aggregation platform, comes with several features that will allow customers to view their digital collections. It is available in microled Samsung, Neo Qled, and frame models. At the same time, Samsung is also presenting a feature that allows users to purchase NFTS directly from the TV set.
While the company is taking action to expand its colony in the crypto world, they are also not forgetting the mainstream. Today, Samsung announced an initiative to help plant trees.
In an announcement from the CES 2022 Conference held in Las Vegas, Samsung revealed that the company will use blockchain technology to plant two million mangrove trees in an effort to mitigate and combat climate change.
The company plans to use the Cardano blockchain (ADA), where a Veritree digital ID will be given for each tree planted. Veritree is a global provider of Cardano -based chain solutions dedicated to nature -based environmental protection projects. It will allow Samsung to monitor the complete planting of these two million mangrove trees and track the progress of the planting of each tree.
Really cool https://t.co/O5CdTyVzS4 thanks Samsung!
- Charles Hoskinson (@IOHK_Charles) January 4, 2022
Samsung says that the main goal of the project is to restore about 200 hectares of land (494.2 acres) with trees. Samsung also indicated that the project is estimated to be able to eliminate CO2 emissions (about 1 billion pounds) in about 25 years.
Samsung’s support for Veritree could help Cardano position itself above the competition in the eco -friendly niche of smart contract platforms. While the world of mainstream technology has yet to fully embrace the crypto ecosystem, Samsung’s use of the Cardano chain presents bright hopes for the future of the blockchain.
