Thread by @MainstayDigital

1/6: Skandinaviska Enskilda Banken and Credit Agricole Bank have launched a new digital bond platform using blockchain technology, providing a more efficient and secure process than traditional methods. 🌍💰🔗

2/6: The platform uses a validation protocol called “Proof of Climate awaReness,” which incentivizes nodes to improve their environmental footprint, making it the first use case of its kind. 🌿📈💡

3/6: Each node will be remunerated based on its climate impact, with the lower environmental footprint resulting in a larger reward. This innovative approach has the potential to incentivize more sustainable practices in the industry. 💰🌱👍

4/6: Credit Agricole’s head of innovation and digital transformation, Romaric Rolleti, believes that the bond blockchain platform is part of a larger plan for the bank's digital transformation, with a strong commitment to green and sustainable finance. 🌳💻💚

5/6: This launch joins many other efforts to explore the use of blockchain and smart contracts for a global environment cause. The potential for blockchain technology to be used in a more sustainable and responsible way is becoming increasingly important. 🌎🔗💡

6/6: Overall, the launch of this platform is a positive development for the industry and the environment. It demonstrates the potential for blockchain technology to be used in a more sustainable and responsible way. 🌍🚀👏 #blockchain #sustainability #environment