A non-governmental organization (NGO) in the United States is looking to cryptocurrency and blockchain technology to help save the Amazon forest.
The Rainforest Foundation US has recently sent out feelers to the blockchain and crypto community to ask for their help in fighting deforestation and the raging forest fires in Brazil.
Amazon Deforestation rose to 75%
A post on the New York-based NGO’s official website claimed that since President Jair Bolsonaro took up Brazil’s highest office in January, the deforestation of the Amazon forest rose to 75%. Forest fires have also doubled as compared to 2018.
The non-profit group stated that as the guardians of our rainforests and the animals and people living in them, they have decided to work with The Giving Block to establish a coalition of cryptocurrency donors, sponsors, and media partners who will assist in stopping the destruction of the Amazon.
Donations Through Cryptocurrencies
The Rainforest Foundation is reportedly now accepting donations in Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), Litecoin (LTC), and other digital currencies.
Co-founded by renowned musician Sting, the Rainforest Foundation US has been working in South and Central America. The group is currently developing a blockchain pilot to ensure continued transparency on its projects. The pilot program will reportedly allow donors to monitor the status of the foundation’s work as well as its accomplishments. The NGO is also set on using the blockchain system to reward local communities that are protecting their forests with cryptocurrencies.
The Rainforest Foundation is apparently also looking into ways smart contracts can be used to put an end to land trafficking and illegal logging and protecting forests from gold mining.