Veritree is a blockchain-based platform that uses distributed ledger technology to create a transparent and verifiable record of tree planting and reforestation efforts. It allows individuals and organizations to track the impact of their environmental contributions and investments by providing real-time updates on the growth and health of the trees they have sponsored or planted.
Veritree uses smart contracts and cryptographic proof of planting to ensure that the data entered into the platform is accurate and trustworthy. The platform also enables users to earn carbon credits, which can be traded on various exchanges, by supporting verified reforestation projects.
Veritree has partnered with Cardano, a decentralized blockchain platform, to build a solution that can help address the environmental challenges faced by the world. Cardano is providing the infrastructure for the project, while Veritree is focused on developing the platform's environmental tracking and verification features.