Microsoft uses blockchain technology to purchase soil carbon credits in Australia
Microsoft (NASDAQ:) has employed blockchain technology to purchase soil carbon credits in Australia. In combination with Regen Network — built on the Cosmos blockchain — the CarbonPlus Grassland credits were initially issued to two ranches in New South Wales.
The carbon credits are used as a measure of soil sequestration, which is the process of capturing atmospheric carbon dioxide and storing it in soil. This is achieved through Regen Network’s remote sensing technology and is also said to help monitor animal welfare, soil health and general ecosystem health.
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