Now every transaction on the Shyft network can be carbon offset using the DOVU API and cDOV Marketplace
DOVU is delighted to announce a collaborative partnership with Shyft Network. It makes us supremely proud to work with a team that recognises one can grow a successful business and community within the blockchain industry while still caring about the environmental impact.
Working with DOVU, Shyft can reduce its carbon footprint and get close to being carbon neutral, demonstrating a commitment to its global partners.
On 7 April 2021, Shyft Network announced its roadmap and the upcoming launch of its blockchain using a strong federation proof-of-authority consensus mechanism.
Chosen for its efficiency, security and resilience, a strong federation mechanism achieves consensus while considerably reducing the carbon footprint that other mechanisms, like proof-of-work have.
In addition, as the project scales, Shyft Network will be able to bi-directionally secure data and monetary transitions on the Bitcoin blockchain, making it more efficient and useful.
The Shyft Network team has also been collaborating with international organisations on building and implementing its own set of sustainable development goals.
As part of this effort, the team announced the creation of grant structures via community DAOs, and is in talks to develop one that will specifically target more efficient and ecologically sound blockchain projects.
At DOVU we’re striving to be a positive force that aims to offset every crypto transaction globally. As a team, we’re passionate about the positive impact blockchain and tokenisation have in today's world. Equally, we’re also aware of the environmental impact of our industry.
That’s why we’re building a Protocol which will link supply (carbon stored) and demand (carbon offset certificates) in a seamless and transparent way while focusing on the largest land-based carbon store, soil.
Irfon Watkins, founder of DOVU said:
We are proud to be working with a forward thinking business such as Shyft. They understand that to achieve your global aspirations, you don’t have to ignore social responsibility. This is a message we both want to share in the run-up to Earth Day.
Commenting on the Partnership, Juan Aja Aguinaco, Co-Founder of Shyft Network said:
Lately, our industry has been unfairly tagged as one that has a very high impact on our climate and environment. At Shyft Network, we believe that we can do things better and more efficiently by using resources in a way that advances the rights of people to financial freedom, while keeping a small or neutral carbon footprint. We’re committed to improving the life of people around the world, and admire the objectives that DOVU has set. We are proud to partner with DOVU and help them achieve their goals.
DOVU is a protocol that aims to offset every crypto transaction globally. We empower local communities by unlocking the carbon in the soil under their feet. Our mission is to connect the entire crypto community through fun and frictionless interactions with our platform, where they can offset their crypto transactions or anything else by supporting farmers globally!
About Shyft Network:
Shyft Network is a public protocol designed to aggregate and embed trust, validation and discoverability into data stored on public and private ecosystems, and facilitate information transfer between permissioned and permissionless networks. By incentivising individuals and enterprises to work together, Shyft Network allows for the layering of context on top of data, turning raw data into meaningful information.