Generative Art Platform Fxhash Secures $5M in Seed Funding Round Led by 1kx
The Seed Round Fxhash, the groundbreaking generative art platform and marketplace, has successfully closed an oversubscribed $5 million seed fundraising round. Spearheading this investment initiative was 1kx, an early-stage crypto-focused venture capital firm renowned for its strategic ecosystem growth investments. Founded in 2021, Fxhash has emerged as the...
Green Earth Trading Introduces A Tezos-based Supply Chain Solution That Traces Products From Producer To Customer
Green Earth Trading introduces a supply chain solution built on Tezos to prove the origin of products.
This solution should be affordable for farmers and producers of any scale, including the smallest and most marginalized.
By: Lee Evans
17 February 2023
Disclaimer
Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.
Green Earth Trading is a company that aims to promote sustainable practices, reduce carbon emissions and increase supply chain efficiency through the use of blockchain technology.
They are based in Tallinn, Estonia, with operations in Ghana and they are looking to expand into Sub-Saharan Africa and India
Blockchain technology has the potential to revolutionize supply chains by increasing transparency, improving efficiency, and reducing costs.
Blockchain technology enables the creation of a distributed ledger that provides a tamper-proof and transparent record of all transactions in the supply chain helping to increase transparency, traceability, and accountability across the entire supply chain, from raw materials to finished products.
Green Earth Trading provides sustainability services, such as traceability and certification for sustainable products.
“We are pleased to announce that after 4 months of intense development and support from the Tezos Foundation with a grant, the Green Earth Trading (GET) project is taking a first important step.
The GET team delivered a proof of concept (POC) that a bi-directional traceability solution for commodities can be run on Tezos. The project aims to bring transparency around the sustainability of commodities.”
The proof of concept is open source and the repository can be found here on Gitlab.
It delivers:
1. Publicly documented contracts and protocol; 2. A traceability system for commodities; and 3. A traceability system for corresponding financial movements (using stable coins).
This solution should be affordable for farmers and producers of any scale, including the smallest and most marginalized.
It can be hard for companies of small size and capital to acquire certificates of origin for their products.
The company has developed a proof of concept that includes a traceability system for commodities and a traceability system for corresponding financial transactions using stablecoins.
Green Earth Trading aims to develop a system to prove the sustainability of commodities.
The scope of the project is to build a scalable and reliable technology that will be used for tracking the origin of various commodities. Green Earth Trading is currently working on palm and maize producers in Ghana.
Once the project is implemented, the plan is to extend the scope from the region in Ghana to Sub-Saharan Africa and India.
In the future, the aim is to extend the technology to commodities like coconut, shea nut, cacao, coffee etc.
Green Earth Trading has received a grant from the Tezos Foundation for the development of its proof of concept.
Disclaimer
Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.
Complete the submission form, which includes fields for your name, contact information, a short author bio, and the title of your article. Submit your Word document as a word doc file. If you encounter any issues during the submission process, please contact our support team for assistance at [email protected]. We encourage all aspiring contributors to read and understand our submission guidelines and editorial policy before submitting.
Etherlink, the Tezos blockchain’s latest Layer 2 solution, is set to redefine the landscape of decentralized applications (DApps) with its upcoming mainnet launch in March 2024. This EVM-compatible, optimistic rollup distinguishes itself from other external Layer 2 platforms like Arbitrum, Optimism, and Polygon, due to its unique enshrinement within the Tezos blockchain.
Starting on December 6 with an exhibition, panels and performances at the Nautilus Hotel, curatorial platforms, partners and marketplaces from around the world will co-curate contemporary digital art minted on Tezos. Over 50 works will be shown, ranging from historical pieces to contemporary editions sold during the event, with a portion of the proceeds going to the Trevor Project, an American nonprofit organisation raising funds for suicide prevention amongst LGBTQ+ youth.
The Tezos Foundation announces its support for the Vigicard project, the first mobile application improving the monitoring of patients subject to drug allergies. Based on Tezos blockchain technology, the application was co-developed by a team of Europe-renowned allergists from Montpellier University Hospital, and Web3 experts Codinsight.
