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Crypto-as-a-solution solution provider has joined the World Economic Forum’s Crypto Sustainability Coalition, a part of the Forum’s wider Crypto Impact and Sustainability Accelerator.
The coalition aims to find ways to use blockchain technology to push positive climate action, and will specifically address the energy usage of the crypto sector, how web3 can facilitate climate action and the use of blockchain-based carbon credits.
Web3, a term coined by Etherium co-founder Gavin Wood, refers to a blockchain-based decentralised online ecosystem.
Zumo will contribute to the coalition’s working groups, developing guidance and toolkits for companies, regulators and startups to reach energy goals using blockchain.
Nick Jones, CEO of Zumo, says: “It is encouraging to see the level of coordinated activity that has emerged in this area since we started our own crypto decarbonisation journey.
“There is a lot left to do and a long way to go; what we are seeing, however, is...
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