Estonian startup Single.Earth, backed by EQT Ventures, selected Solana blockchain to supply safety and transparency for its platform after an intensive analysis of various blockchain applied sciences’ capabilities and vitality use.
“Individuals typically communicate of the large vitality use of blockchain, however this speak is predicated on previous, so-called proof of labor applied sciences like Bitcoin. New blockchain applied sciences and particularly Solana are making a change right here,” stated Andrus Aaslaid, chief know-how officer and co-founder of Single.Earth.
With Solana, the ability use per transaction is 10 million occasions smaller than for Bitcoin and 16 times smaller than its closest rival. It may be even in comparison with your standard Google search,” Aaslaid stated.
Single.Earth fashions the capability of nature when it comes to carbon and biodiversity. Utilizing satellite tv for pc imagery, large information evaluation, and machine studying, it has constructed a digital twin of planet Earth, describing how nature works. Single.Earth emits tokens to landowners for carbon dioxide captured in biodiverse nature.
“Blockchain know-how is the proper answer for the challenges of transparency and belief that are hanging over voluntary carbon markets,” Aaslaid stated.
In summer time 2021, the 2019-founded Single.Earth obtained one of many largest seed rounds in Estonia so far: $7.9 million led by EQT Ventures and took part by Icebreaker.vc and Pipedrive founders Ragnar Sass and Martin Henk. Since then, the staff has grown from eight to some 60 individuals, together with a local weather science staff of 15 from UC Berkeley, Harvard, College of California, Imperial Faculty London, and others.
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