LONDON, UK / ACCESSWIRE / July 9, 2021 / Cudo, the company behind the Cudos, a decentralized cloud computing network, today announces a partnership with blockchain based carbon credits company, ClimateTrade.
With an enterprise customer portfolio including aviation brand, Iberia, international hotel chain Meliá and telecoms giant, Telefónica, Spanish-based ClimateTrade provides businesses with a marketplace of carbon offsetting solutions, supporting a raft of green projects including reforestation, wind and solar farms, landfill gas recapture and more.
At this juncture in time, where the negative impact of climate change is globally recognized, every business and individual has a responsibility to rapidly slow, and eventually reverse, the effects of climate change.
As a proof-of-stake network, Cudos will already enter the space with one of the greenest layer 1 blockchains and overall technology stacks, providing developers and consumers with access to scalable cloud computing services within the Cudo ecosystem through the Cudos blockchain.
The Cudo ecosystem already boasts 60,000+ globally distributed nodes, utilizing both unutilized cloud server and PC environments, and renewable energy powered mining farms. Driving the right impact behaviours forward is central to Cudos values and the reason for partnering with Algorand - another carbon neutral blockchain who are also collaborating with ClimateTrade.
"We are pleased to be the carbon neutral partner of Cudos. At the very heart of their mission is the need to address the throughput, scalability, and, most importantly, environmental issues associated with blockchains. We want to empower decentralised infrastructure in the new digital economy, and our job is to support the development and growth of its operations in a sustainable way." Francisco Benedito, CEO, ClimateTrade.
The Cudos Network will bridge to other blockchains as part of the development roadmap for 2021 and 2022, providing developers within the other blockchain ecosystems with access to green cloud computing power.
"Building a sustainable computing model sits at the very core of our company's values. Choosing the right partner to help us offset our network's carbon footprint warranted deep research and consideration. It was therefore imperative that the partner we selected, utilizes blockchain technology, offering transparency and traceability to where purchased carbon credits are being spent. We strongly believe that ClimateTrade is that partner, and we're extremely proud to meet our target of ensuring Cudos is carbon neutral, in readiness for the network launch this quarter." Matt Hawkins, CEO & Founder, Cudo.
About Climate Trade
ClimateTrade is a Spanish fintech whose main objective is to help companies achieve their sustainability goals by offsetting CO2 emissions and financing projects against climate change.
Pioneer in the development of its marketplace based on Blockchain, Climatetrade has launched a digital solution that allows and promotes the acquisition of carbon neutral products and services by customers and suppliers of different companies.
The Cudos Network is a layer 1 blockchain and layer 2 computation and oracle network being designed to ensure decentralized, permissionless access to high performance computing at scale and enable scaling of computing resources to 100,000's of nodes. Once bridged onto Ethereum, Algorand, Polkadot, and Cosmos, Cudos will enable scalable compute and Layer 2 Oracles on all of the bridged blockchains.
Contact for Cudos
Contact for Climatetrade
Ana Karen Zapata
Chief Operations Officer