Rainforest Foundation US is a New York-based, non-profit NGO working in Central and South America, which is now hoping to support anti-deforestation efforts with crypto and blockchain tech.
Deforestation and fires in the Brazilian Amazon
On Sept. 4, the Rainforest Foundation reached out to the crypto and blockchain community to ask for their support to fight against deforestation and forest fires in Brazil. The post on the foundation’s website states:
“Since Bolsonaro took office in January, deforestation in the Brazilian Amazon is up 75% and forest fires in the Brazilian Amazon have doubled compared to the past year. As guardians of our rainforests, its animals and its people, we are working with The Giving Block to form a coalition of crypto sponsors, donors and media partners who will help stop this devastation.”
Using blockchain to assure transparency
The Rainforest Foundation, which has musician Sting as one of their founders, is currently working on a blockchain pilot to assure continued transparency, which will allow donors to track the work done by the foundation in the Amazon rainforest and reward local communities who are protecting their forests with crypto.
The foundation is also researching the use of smart contracts to stop illegal logging, land trafficking and safeguard forests from gold mining.
Suzanne Pelletier, executive director at the Rainforest Foundation, said that the dire situation in the Brazilian rainforest has pushed them to come up with innovative solutions. She added:
“Business as usual has gotten us to this point. Philanthropy as usual won’t get us out. We need innovative solutions, and no one is more innovative than cryptocurrency users.”
Crypto and charity go hand in hand
CryptoX has previously reported that crypto and blockchain technology are increasingly being applied to support a wide variety of charitable organizations. In the wake of Hurricane Dorian, a blockchain company headquartered in the Bahamas is asking the crypto and blockchain communities to help them bring relief to the hurricane victims.