Rainforest Foundation US is a non-governmental and non-profit organization based in New York. The organization is currently hoping to support deforestation efforts with cryptocurrency and blockchain technology.
Forest fires and deforestation destroy the Amazon – The Earth’s lung
On September 4, the Rainforest Foundation contacted the cryptocurrency and blockchain community to ask them for assistance to combat deforestation and wildfires in Brazil.
Their post on the platform’s website states:
Since Bolsonaro took office in January, deforestation in Amazon Brazil has increased by 75% and wildfires in Amazon Brazil have more than doubled compared to last year. As protectors of our rainforest, animals and people, we are partnering with The Giving Block to form an alliance of cryptocurrency donors, donors and partners. media, who will help stop this devastation.
The Rainforest Foundation says it is accepting donations of cryptocurrencies in Bitcoin(BTC), Ether(ETH), Litecoin(LTC), Bitcoin Cash(BCH) and other cryptocurrencies.
Use blockchain to ensure transparency
Musician Sting is one of the founders of the Rainforest Foundation, currently working on a blockchain pilot to ensure transparency.
The organization will allow donors to track the work done by the platform in the Amazon rainforest and reward local communities protecting their forests with cryptocurrency.
The organization is also studying the use of smart contracts to prevent illegal exploitation, land trade and protect forests from gold mining.
Suzanne Pelletier, executive director at the Rainforest Foundation, says the dire situation in the Brazilian rainforest has prompted them to come up with innovative solutions.
Cryptocurrencies and charities go hand in hand
Cointelegraph has previously reported that cryptocurrency and blockchain technology is increasingly being applied to support many charities.
Following Dorian Hurricane, a Bahamas-based blockchain company is asking the cryptocurrency and blockchain community to help them bring relief to the storm victims.
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