Over 90% of companies that claim to plant trees, regrow coral, or restore other ecosystems do not publish restoration outcomes. This lack of transparency challenges organizations looking to scale and validate their initiatives.
veritree partnered with the Cardano Foundation to bring transparency to reforestation. Conducting an initial tree offering (ITO), veritree distributed fungible tokens to participants in the Cardano Forest initiative. These fungible tokens represented a physical tree and were exchangeable for an NFT commemorating each specific tree donation.
Make incorporating nature-based solutions simple and streamlined for any business model.
Includes a high amount of interactive metadata describing the number of trees to plant, purpose, parties involved in the restoration initiative, and forthcoming steps.
Physical events take place with involved parties collecting and aggregating data off-chain via a cloud-synced mobile app.
Data collected via the mobile app is inscribed and validated on the Cardano blockchain, becoming permanent, immutable, traceable, and available to everyone.
Donors redeem NFTs that provide an immutable receipt and donation record with the tree’s on-site coordinates verifying the plantation.
veritree leverages JSON metadata together with Cardano’s advanced storage to create data records linked to specific points in time, enhancing transparency and trust.
Blockchain for authenticated SDG and ESG efforts.
Each NFT is serialized to a specific session and not only assures the event took place but also allows different parties to perform real-time management. Verification becomes possible for both funding and reporting purposes.
Embark on a unique blockchain journey