Comment on Ben & Jerry’s Backs Poseidon’s Climate Change Initiative by The promise and peril of blockchain – Rade Engineering

The Poseidon Basis launched their retail platform connecting shoppers with the local weather results of their purchases on Might 1 in London. At this time, they introduced a pilot, at Ben & Jerry’s latest ice-cream Scoop Store in London’s Wardour Avenue, to point out the way it works.

Poseidon’s retail platform permits shoppers to see the local weather change impacts of their purchases at point-of-sale and lets them offset their influence. It will give shoppers the flexibility to make purchases whereas having a carbon-neutral influence on the surroundings, says Poseidon.

Laszlo Giricz, the corporate’s founder and CEO mentioned, in an announcement: “Whereas this is only one small pilot, the expertise is now confirmed and could be totally scaled and built-in, giving everybody the chance to grasp their very own carbon influence and take motion. In simply three weeks, we now have already protected over 1,000 bushes through the London retailer, equal to an space the scale of 77 tennis courts.”

Poseidon makes use of blockchain expertise to buy carbon credit on behalf of the patron. Final 12 months, Blockchain Information reported that their expertise will forestall the double counting of carbon and can be constant throughout jurisdictions. The platform makes use of smart-contracts and a Stellar based mostly token OCEAN (/OCN) to handle the carbon offsetting course of.

The platform makes use of smart-contracts and a Stellar-based token, Poseidon (/PSD), to handle the carbon offsetting course of.

Ben & Jerry’s are taking this one step additional by contributing in direction of carbon credit from a forest conservation undertaking in Peru. They’re additionally giving clients the flexibility to make use of the Poseidon platform once they buy their ice cream. Their new Soho retailer was initially a four-month pop-up enterprise however is now a everlasting.

In an announcement, Head of Ben & Jerry’s Social Mission Europe Chris Gale mentioned: “We need to use each half of our enterprise to assist a transition to a low carbon economic system, together with placing an inside value on carbon and setting ourselves formidable targets to scale back our absolute carbon emissions by 80 % by 2020.”

Ben & Jerry’s have beforehand spoken out on the influence of local weather change and created a world ‘Save our Swirled’ marketing campaign forward of the Paris UN Climate Change Convention in 2015. They’ve carried out measures to scale back carbon emissions inside their enterprise and have self-imposed a carbon tax.


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