Stellar to collaborate with Veridium, Environmental Firm

Environmental blockchain company Veridium Labs Ltd announced about the partnership with Stellar and plans to simplify the whole carbon footprint process
28 June 2018   464

Veridium created the world’s first environmental social impact token and is developing disruptive sustainability solutions for the Fortune 500 companies. Last month, the firm declared about its partnership with IBM, which planned to make the process of offsetting companies’ footprints easier.   

It was also approved by the source that Stellar’s distributed, open-source, and hybrid blockchain will let Veridium to “accurately track carbon credits in real time to mitigate the environmental impact of the goods and services being transacted”.

We are very excited about the momentum Veridium has had since our announced partnership with IBM. Our new collaboration with Stellar and the addition of our advisory board members are important steps in making a decentralized carbon credit industry a reality so we can truly bring about global environmental change.
Todd Lemons,
Chairman, Veridium

It is as well believed that once Veridium begins running on Stellar and IBM Hyperledger Fabric blockchains, the firm will be able to evaluate the whole carbon footprint process. It will measure and compensate footprints by converting carbon credits into tokenized assets that hence can be displayed and integrated into corporate accounting systems more easily. The total process of tokenization of assets is supposing to raise trust and integrity in the flow of information among trading partners and network users.

Blockchain to Airdrop $125M in Stellar

Wallet provider launches biggest airdrop in history
07 November 2018   121

The developers of Blockchain company are organizing the $ 125 million airdrop, largest in the history of cryptocurrencies. Together with Stellar, the company will present about half a billion XLM to Blockchain wallets users. It is reported by CoinDesk.

According to The Block,  the first batch of cryptocurrency will go to the wallets of users who leave applications on the site. For airdrop, 2.6% of all outstanding XLMs, or 0.47% of the total coin issue, are allocated.

In October, the Blockchain team announced that it plans to help cryptocurrency projects with airdrop campaigns for their users. XLM was the first cryptonome of the initiative.

According to Peter Smith, Blockchain's CEO, an “active and growing ecosystem” has formed around the XLM, and the Stellar network is “designed for large-scale use.” He added that this airdrop campaign aims to help users "test a reliable cryptoactive in a safe and easy way."