Cudos Works to Become Carbon Neutral With Help from ClimateTrade
Cudo will be working with ClimateTrade to make its decentralized blockchain platform, Cudos, carbon neutral according to a recent announcement.
While Cudos is already a Proof-of-Stake (PoS) network, Cudo thinks that it could eliminate its carbon footprint entirely.
ClimateTrade is a climate-focused company that is based in Spain. It operates in a number of nations, and helps companies to drop the amount of carbon they create via green power usage, and other mitigating technologies.
Matt Hawkins, the CEO & Founder, Cudo, commented
“Building a sustainable computing model sits at the very core of our company’s values. Choosing the right partner to help us offset our network’s carbon footprint warranted deep research and consideration. It was therefore imperative that the partner we selected, utilizes blockchain technology, offering transparency and traceability to where purchased carbon credits are being spent. We strongly believe that ClimateTrade is that partner, and we’re extremely proud to meet our target of ensuring Cudos is carbon neutral, in readiness for the network launch this quarter.”
While 2021 has seen a major interest develop in blockchain technology, it has also witnessed a push for greater environmental awareness in the blockchain sector.
Many people don’t understand the difference between a system like Bitcoin, which uses a Proof-of-Work architecture, and a platform like Cudos, which already uses next-generation PoS technology. It also has a partnership with Algorand, which is a carbon neutral blockchain.
Cudos is Going Greener
At the moment, Cudos already has an extremely green Layer 1 blockchain. It is focused on providing decentralized cloud computing solutions, although it could be used for other purposes as well.
ClimateTrade has already worked with companies like Iberia, Telefónica and international hotel company Meliá to drop overall carbon emissions. It is able to do this by integrating greener energy sources into the power ecosystem of a company, and taps technologies like solar and wind power to make its goals a reality.
Francisco Benedito, the CEO, ClimateTrade, told the media,
“We are pleased to be the carbon neutral partner of Cudos. At the very heart of their mission is the need to address the throughput, scalability, and, most importantly, environmental issues associated with blockchains. We want to empower decentralised infrastructure in the new digital economy, and our job is to support the development and growth of its operations in a sustainable way.”
With the addition of green energy sources to its operations, Cudo may be one of the first blockchain companies to become 100% carbon neutral. As such, it would act as a guide and example to the industry, especially with the proliferation of PoS-based platforms.
New Ways into The Cloud
While Cudo is working on being a 100% carbon neutral operation, many of its nodes already use green energy.
The network already has more that 60,000 active nodes, and offers a decentralized cloud computing solution for people that want to support a network that isn’t reliant on massive tech companies.
Many people and companies are beginning to realize that large tech companies are in no way politically agnostic, and that a company may be impacted by its stance on any number of issues.
Given how important access to cloud computing is for a commercial operation, this may become more serious over the next decade.
There is little doubt that cloud computing will grow as an industry, and with this move, Cudo will be offering the global public a cloud computing option they know is good for the environment.
In addition, the money spent on energy will support green generation options, and all the companies that both operate and supply the components for these alternative energy sources.
To learn more about Cudo, or the Cudos cloud computing platform, please click here for loads more info.