Liverpool City Council Partners with Poseidon Foundation to become world’s first climate positive city

Liverpool City Council Partners with Poseidon Foundation to become world’s first climate positive city

Blockchain News
July 19, 2018 by Jane
1353
A new partnership will see Liverpool City Council use blockchain technology to become the world’s first climate positive city by the end of 2020. The Liverpool City Council of the United Kingdom has announced its collaboration with the Poseidon Foundation (XLM, Stellar), a non-profit carbon credits and blockchain NGO, built on the Stellar Network. A
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A new partnership will see Liverpool City Council use blockchain technology to become the world’s first climate positive city by the end of 2020.

The Liverpool City Council of the United Kingdom has announced its collaboration with the Poseidon Foundation (XLM, Stellar), a non-profit carbon credits and blockchain NGO, built on the Stellar Network.

By using Stellar’s network, Poseidon can offer an immutable purchase, transaction, and settlement of carbon credits almost immediately, all at a low cost.

In addition, the Stellar network only produces 0.0000015kg of CO2 per transaction, compared to 21.08kg for Ethereum and 310.75kg for Bitcoin, which adds the ecological credentials of Poseidon.

City of Liverpool adopts blockchain, aims to be climate-positive. The Poseidon foundation will be moving its operations to the city in order to play a key role in their climate strategy, with a 12-month trial.

Only two weeks ago they gained 850,000+ views over a day on Instagram in a post with oneday1change – a popular positive action account, run by David Teplitzky, who himself has 760,000+ followers.

By creating the opportunity at checkout for micro-donations towards carbon credits, customers can both enjoy their purchases and contribute to rebalancing their resulting carbon footprint.

 

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