Algorand Founder Silvio Micali shares our approach to measuring performance and the technical innovations behind our performance goals for 2021.

ClimateTrade

Environmental, Digital Assets

About 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. Carbon offsetting serves as a critical balancing mechanism in protecting our world's environment, and ClimateTrade has optimized efficiency for businesses to achieve carbon neutrality. The company gives its users access to a marketplace where they can directly offset their carbon footprint by selecting the most suitable carbon credits, along with the records of all their transactions in a private dashboard. It uses blockchain technology to guarantee that carbon credits are cancelled in the corresponding registry, and to ensure that the money committed from the sale goes directly to the source of the project. ClimateTrade is currently working with more than 20 international companies with more than 150 projects, including large corporations such as Iberia, Melià Hotels, Cabify, and Telefónica.

How ClimateTrade is using Algorand

ClimateTrade and its customers will be using Algorand as its primary infrastructure layer and leveraging its capabilities for carbon offsetting. ClimateTrade has chosen Algorand for the network's flexible architecture, low transaction fees, and transactional performance that can scale to millions of users. Algorand's public, Pure Proof of Stake (PPoS) blockchain technology also brings greater levels of efficiency, transparency, and inclusivity to Climatetrade's existing digital marketplace. This partnership reinforces the company's commitment to transparency and efforts to expand the reach of their innovative service to the global audience. In addition, Borderless Capital has participated in the € 1 Million seed round of ClimateTrade to support the company's strategic plan and expansion goals in the United States and beyond.

ClimateTrade announces a partnership with Algorand and Investment from Borderless Capital 

Latest News

Dec 2, 2020
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CoinTelegraph

Million-dollar startup taps Algorand to fight climate change

Dec 3, 2020
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CoinDesk

Ride-Sharing Giant Cabify to Track and Offset Carbon Emissions Using Blockchain Platform

Dec 3, 2020
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AiThority

Climatetrade Announces A Partnership With Algorand And Investment From Borderless Capital

Dec 3, 2020
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BraveNewCoin

New solutions roll out for companies looking to offset their carbon footprint

Dec 3, 2020
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Nasdaq

Cabify to Track and Offset Carbon Emissions Using Blockchain Platform

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