Proof of Climate awaReness: Greener Blockchain Protocol
SEB and Crédit Agricole CIB have collaborated to launch so|bond, a digital bond platform utilizing the Proof of Climate awaReness protocol to boost efficiency and real-time data synchronization for capital market issuers.
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SEB and Crédit Agricole CIB have collaborated to launch so|bond, a digital bond platform utilizing the Proof of Climate awaReness protocol to boost efficiency and real-time data synchronization for capital market issuers.
The platform represents the first implementation of the “Proof of Climate” blockchain protocol, which incentivizes nodes to decrease their environmental footprint, with smaller footprints potentially leading to bigger rewards. Incentivizing environmentally conscious practices within blockchain represents a new way for the industry to approach sustainable practices.
So|bond's adoption of the Proof of Climate protocol aims to make blockchain more eco-friendly, dispelling the notion that the technology is incompatible with green initiatives. The platform provides a sustainable alternative for investors to fund projects that prioritize sustainability and is part of a growing trend within the industry to take a more socially and environmentally responsible approach.
The emergence of sustainable blockchain practices such as these may play a crucial role in promoting greener initiatives within the wider business world.
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