Home » Unilever to Fight Climate Change Using Blockchain

Unilever to Fight Climate Change Using Blockchain

Uniliver, a British-Dutch multinational consumer goods company will use blockchain to create a deforestation-free supply chain by 2032.
news - Unilever to Fight Climate Change Using Blockchain

Uniliver, a British-Dutch multinational consumer goods company will use blockchain to create a deforestation-free supply chain by 2032. 

news - Unilever to Fight Climate Change Using Blockchain

The corporation is establishing a $1.13 billion Climate & Nature Fund that, over the next ten years, will be used to protect the environment.  These funds will be utilized over the next decade to take meaningful and decisive action, with projects including landscape restoration, reforestation, carbon sequestration, wildlife protection, and water preservation, according to the company. 

This is not the first project in which Unilever is leveraging blockchain technology. Last year, the company started using blockchain in ad reconciliation. It is also currently running a trial in its accounts payable process. 

Currently, blockchain technology is being used in many fields around the world, including healthcare and logistics. The blockchain technology that underpins most cryptocurrency has gained recognition among government officials worldwide.

Have your say!

0 0

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Lost Password

Please enter your username or email address. You will receive a link to create a new password via email.

Sign Up

ajax-loader