RippleRipple’s Commitment to a Sustainable Global Digital Finance Future Continues as Ripple Open Development Platform Xpring launches an open source tool EW zero in collaboration with XRP Ledger Foundation, Energy web and Rocky Mountain Institute to decarbonize the public blockchain.
Monica Long, SVP Marketing at Ripple, broke the news in a publication Wednesday September 30. The EW Zero tool aims to reduce carbon emissions from the energy sources needed to operate these blockchains and organizations in order to ensure sustainable digital global finance.
According to Monica Long, Addressing sustainability across all industries is a global priority, and global finance is no exception.
While blockchain and cryptocurrencies will play a central role in building a sustainable future for global finance, industry pillars should come together “to dramatically reduce our collective environmental impact as adoption generalized settles “.
To make this possible, Ripple has committed to achieving a zero carbon footprint by 2030. The EW Zero tool is part of that effort. The tool is a joint project of Xpring, the XRP Ledger Foundation and the Energy Web backed by the Rocky Mountain Institute to decarbonize any blockchain, starting with the XRP Ledger.
Bharath Chari of the XRP Ledger Foundation commented:
âWhile the XRP Ledger is already one of the greenest blockchains in the world, we are going one step further to be the first fully carbon-free blockchain through our partnership with Energy Web Foundation. “
EW Zero is an app that will allow any renewable energy buyer like multinational corporations, small and medium businesses, electric vehicle fleets and decentralized blockchain networks to find and research supply options across a wide variety. digital markets around the world.
According to the website, EW Zero integrates a myriad of renewable energy markets through a single, convenient and digital interface.
According to another announcement Through Energy Web, large tech companies like Google and Amazon can use clean energy with relative ease and precision as their processes take place in directly owned and controlled data centers. But the blockchain industry faces considerable challenges in decarbonizing its energy use due to the naturally distributed nature of blockchain communities and computer processing power. Thus, this open source tool EW Zero allows “Allows individuals, businesses, or in this case an entire blockchain ecosystem to transition to verified zero-carbon electricity.”
Walter Kok, CEO of Energy Web, said:
âAs the global economy shifts to low-carbon energy, we now see the possibility that every transaction, every smart contract, executed on any blockchain network in the world, can be powered to 100%. % by affordable and verified renewable energy with zero emissions. “
If you found this article interesting, you can find more here Ripple News