SIAE, one of the largest rights management companies founded in 1882, launches 4 Million NFTs on Algorand representing rights of nearly 100,000 creators.

Algorand’s Commitment to Sustainable Blockchain

Algorand was built as a green blockchain with an environmental impact focus from the very beginning. Our founder Silvio Micali explained as far back as 2018 his focus on sustainability for our planet with next generation technology. With his unique consensus mechanism, Algorand is far more energy efficient than other blockchains, and is going further by offsetting its small carbon footprint in partnership with ClimateTrade.

Algorand Pledges to be the Greenest Blockchain with a Carbon-Negative Network Now and in the Future

Already highly energy-efficient network partners with ClimateTrade to set the industry standard for blockchain sustainability

April 22, 2021

How Algorand is Carbon Neutral

Designed as a highly energy efficient network from the start

Partnering with organizations focused on sustainable use cases

Offsetting any small emission gaps

Designed for Low Environmental Impact

– Silvio Micali, Founder

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Algorand developed a public blockchain that runs on a version of proof-of-stake, which drives electricity consumption to almost zero…on a fundamental level,” Silvio Micali said, “I care about the planet.”

- CNBC: Bitcoin and blockchain consume an exorbitant amount of energy. These engineers are trying to change that.

Calculating Algorand’s Miniscule Carbon Footprint

Since the estimation of the carbon footprint strictly depends on power generation scenarios and the degree of renewables sources, I would rather address another critical metrics: the specific finalized transaction energy, that is the amount of energy spent by the whole blockchain infrastructure to finalize a single transaction and append it to the common distributed ledger.

The Importance of Low Transaction Costs & Lower Carbon Emissions to Mint NFTs

There is no need for mining on Algorand needed like on Ethereum’s PoW, which, besides everything else, allows Algorand to achieve carbon neutrality, and this is really important for NFTs since they are poised to go mainstream and transform entire industries.

Algorand’s Leadership in Blockchain Sustainability

Algorand delivers sustainable blockchain technology that can be used for years to come without affecting the environment in a negative way. It’s not only about the infrastructure – Algorand itself is an environmentally friendly ecosystem at every level, and this is reflected in its culture and use cases as well.
Environmentally Focused Organizations Leveraging Algorand

Global Carbon Holding

Global Carbon Holding uses blockchain technology to tokenize Carbon Credit assets in Asia and support a global, transparent marketplace to purchase certified carbon offsets, with the highest levels of quality and provenance.

ClimateTrade

ClimateTrade is a Spanish company whose main objective is to help companies achieve their sustainability goals by offsetting CO2 emissions and financing climate change projects.

PlanetWatch

PlanetWatch has developed and deployed a global network of low-cost air quality sensors with the aim of validating, filtering, and displaying data on the Internet and through a mobile application in real-time.

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Clean energy and addressing climate change are priorities for the United Nations, global organizations and governments alike. Algorand has a very low carbon footprint to begin with, and we are inspired by the leadership role the organization is taking to ensure the next generation of blockchain adoption is environmentally friendly.

– Francisco Benefito, CEO of ClimateTrade