Justin Sun, the globally reputed crypto business personality and CEO of the world-acclaimed TRON Foundation, has announced to contribute a whopping amount of USD$1 Million to teenage environmentalist Greta Thunberg’s noble initiative focused towards the replenishment of the global ecosystem.
The spearhead took to his official Twitter handle to share the news with his followers. In his post, Justin gave a special mention about the role which can be played by blockchain technology in bringing down the levels of carbon footprinting, which is affecting the climate adversely.
As a young entrepreneur, I share @GretaThunberg’s passion to change the world. Crypto will contribute immensely on reducing carbon footprint by implementing decentralized settlement. I would like to personally commit USD$1 Mil to @GretaThunberg ’s initiative. #cop25
— Justin Sun (@justinsuntron) December 18, 2019
Greta Thunberg, the young Swedish social activist who took the path of activism to draw the attention of the world towards the alarming rate at which global warming is spreading its roots deep into the environment. The lady is the pioneer of a school climate strike movement named “Fridays for Future,” which encouraged students to come out and demand immediate actions from the authoritarians towards ensuring protection for the environment. The revolutionary steps taken by Greta to make people adopt a sustainable lifestyle has made her earn the name of a “next generation leader.”
Being nominated for the prestigious Nobel Peace Prize 2019, Greta Thunberg recently was named as the youngest individual “Time Person of The Year” by Time magazine.
Justin Sun has always been an ardent supporter of blockchain technology and its widescale adoption in different industrial domains. He believes that blockchain can help in curbing the impact of global warming in a big way, and this belief made him join hands with Greta Thunberg in her fight against carbon footprinting.
How Can Blockchain Control Carbon Footprinting?
Carbon footprints refer to the total volume of carbon dioxide released in the environment by business firms, individuals, events, or products. At present, companies fail to follow a defined structure for keeping track of the carbon emission. They rely on manual pedagogies for the purpose and deliver inaccurate results to the governing bodies.
However, with the introduction of blockchain technology to calculate carbon footprints using smart contracts, the entities will be able to take advantage of a standardized measuring system for the concerned purpose. This will help in maintaining transparency and accuracy regarding the data furbished by the organizations.