Samsung to partners with Cardano Foundation

Samsung announced a partnership with Cardano partner Veritree for land restoration.

The South Korean tech giant Samsung will now have exposure to Cardano blockchain through its partnership with blockchain planting management system Veritree.

According to the American subsidiary Samsung, it aims to address climate change by planting 2 million mangrove trees in Madagascar, an island country located in East Africa.

For instance, Mangrove forests store over 10 times more carbon dioxide than other tropical forests, according to reports.

The news came during the annual Consumer Electronics Show (CES) held in Las Vegas when Mark Newton, head of corporate sustainability at Samsung Electronics America said,

"Investing in tech innovations, such as those that create efficiency improvements and minimize waste, in combination with nature-based solutions, are vital in the fight against climate change."

Note that Veritree’s reforestation validation records will be saved on the Cardano. This is because the tech would confirm data from planting sites and link people donations to the area of land it helped to restore for transparency.