The smart contract will direct a part of the network fee from the transactions to buy carbon credits through ClimateTrade, a CO2 emissions marketplace that tracks offsets on Algorand’s blockchain
With Ethereum, vast amounts of processing energy are needed both to mine the currency, and to confirm transactions on the blockchain
The insurer debuted its cryptocurrency division in November last year, after providing the Hong Kong Digital Asset Exchange with some US $12.7m (£9.8m) in coverage
Based on Polygon blockchain, Bhu is an NFT representing 1000 kg of carbon sequestration or one carbon credit, which is a real-world tradable asset
