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Key highlights:
- Kora is a blockchain application developed to slow down the effects of the climate crisis in the world and reduce the amount of carbon gas released into the atmosphere.
- Tezos, one of the most energy-efficient blockchain platforms in the industry, will provide payment and data security for the Kora app.
- The Tezos Foundation, which supports the Tezos blockchain on a non-profit basis, has invested in Kora.
Kora, the green blockchain project that strives to reduce carbon emissions in the world and mitigate the effects of the climate crisis, has announced that it will use the energy-efficient Tezos (XTZ) blockchain. Kora, which pays users who reduce their carbon footprint by using the sustainable blockchain, Tezos, also received an investment from the Tezos Foundation.
Encouraging companies, individuals, and organizations to measure and reduce their carbon footprint, the Kora app rewards positive actions with crypto. Users earn Koras when they switch to using renewable energy, cycle, use public transport, and do something to reduce their carbon footprint.
Why Tezos?
Tezos, an energy-efficient blockchain network with a decentralized validator network distributed in different regions around the world, will provide payment and data security for the Kora app.
The University of Cambridge announced that the Cambridge Centre for Carbon Credits (4C) has built a trusted decentralized marketplace on Tezos that connects institutional funders to conservationists through automated and transparent global oracles. Those who want to buy carbon credits will be able to directly and securely finance projects developed for nature protection by using this marketplace. Kora is also joining 4C as part of the collaboration.
Gilad Regev, Kora CEO and Co-Founder, commenting on the reasons behind choosing Tezos, said, “Kora is becoming the most accurate real-time platform for measuring and validating behavior change. Ensuring that our users' data and payment information is safe and secure has been a critical milestone in developing our platform. Furthermore, the low-carbon Tezos blockchain enables secure validation of climate action. As a pioneer of the Proof-of-Stake blockchain revolution, and with one of the lowest carbon footprints in the industry with an annual footprint equal to that of 17 persons, Tezos was the obvious blockchain of choice for Kora.”
Gilad added:
“The support from the Tezos Foundation of Kora is a pivotal moment in the growth of Kora, one which will help propel it as both an app- and a movement- to new heights and we look forward to working with Tezos in this exciting chapter of our development.”
More about Kora
Developed to reverse the adverse effects of climate change, which is rapidly damaging our planet, Kora set out with the goal of reducing carbon emissions by 2.5 to 3.5 gigatons per year. Rewarding everyone who reduces CO2 emissions, the Kora app gives Koras rewards for every 100 g of CO2 reduction.
More about Tezos and the Tezos Foundation
As an energy-efficient Proof-of-Stake blockchain, Tezos has redefined what it means to hold and exchange value in the digital world. Adopting the innovations of the future world in an environmentally friendly way, Tezos offers its users an uninterrupted and fast blockchain network.
The Tezos Foundation is a Swiss non-profit organization that supports the Tezos protocol, capable of self-evolving. Supporting the long-term success and projects of the Tezos blockchain, the foundation also funds innovative projects such as Kora.