- Cudos announces partnership with ClimateTrade for a carbon-neutral blockchain.
- ClimateTrade is a blockchain-based carbon credits company.
- Some of ClimateTrade’s enterprise customers include Iberia, Melia, and Telefónica.
Of note, ClimateTrade is a Spanish fintech company whose main objective is to help companies achieve their sustainability goals. They help businesses by offsetting CO2 emissions and financing projects against climate change. More so, they launched a digital solution that allows and promotes the acquisition of carbon-neutral products and services.
Some of ClimateTrade’s enterprise customer portfolio includes aviation bran Iberia, international hotel chain Melia, and telecom giant Telefónica. Clearly, the business supports a raft of green projects such as reforestation, wind and solar farms, landfill gas recapture, and more.
Thus, CEO of ClimateTrade Francisco Benedito shared his excitement about this partnership.
We are pleased to be the carbon-neutral partner of Cudos. At the very heart of their mission is the need to address the throughput, scalability, and, most importantly, environmental issues associated with blockchains. We want to empower decentralized infrastructure in the new digital economy, and our job is to support the development and growth of its operations in a sustainable way.
Recently, the company also receive Algorand Foundation Grant that helps improve its ecosystem. Since the Algorand Foundation launched its Grant Program last 2020, many developers and innovators around the world participated eagerly. Of note, Algorand is also collaborating with ClimateTrade.
Clearly, the Cudos network aims to bridge other blockchains as part of its development roadmap for 2021 and 2022. Hence, they provide developers in other blockchain ecosystems access to green cloud computing power.