As per a Local News outlet edie.net, the Liverpool City Council (LLC) declared that it would utilize blockchain tech to decrease the city’s climate impact.
Liverpool City Council has reported another organization with a blockchain stage organization to balance over 110% of its carbon outflows, with the city declaring its offer to wind up the world’s first atmosphere positive city before the finish of 2020.
A tweet from the Liverpool City Council (LLC) portrays that the push to reduce the city’s atmosphere affect is an expect to end up the “world’s first atmosphere positive city by 2020.” The collaboration between the Poseidon Foundation and LLC has been enacted so that a year-long trial can be performed on the blockchain-based platform. This platform focuses towards the neutralization of the city’s climate impact by over 110% while exchanging tokenized carbon credits.
Liverpool City Council is striving to reduce its carbon impact by 40% by 2030 and is currently installing more than 15,000 energy saving LED streetlights across 2,000 streets to reduce streetlight energy consumption by 82%. Since 2012, Liverpool has cut carbon emissions by more than 558,000 tonnes.
Joe Anderson, Mayor of Liverpool said: “I’m delighted we have signed this partnership agreement with Poseidon to connect Liverpool directly with climate positive projects across the globe.
As part of the trial, the Poseidon Foundation, which is working with Liverpool-based BAC Mono to create world’s first climate-positive car, will move its operations to the city. The Foundation will work with local schools and businesses to educate the public on reversing climate impacts.
Liverpool is no alien to cryptocurrency and blockchain industry. As per a report, local independent business advocates Independent Liverpool collaborated with Tel-Aviv-based blockchain startup Colu to start a local cryptocurrency for both UK residents and foreign travelers to use.
“Liverpool is a trailblazer a shining example to other cities in the UK and across the world on what can be achieved through harnessing the power of technology to meet one of humanity’s greatest challenges. And now that it is clear that our platform is fully scalable, it is time for other cities to take action.”
The organisation’s blockchain platform is already been used by Ben & Jerry’s to offset the environmental impact of producing ice cream. In just three weeks, more than 1,000 trees had been protected through carbon credit purchases at a London Scoop Shop in Wardour Street.
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