Categories: Press Release

Carbon Footprint app Kora Chooses Tezos blockchain for Payments and Data Security

London, UK, 18th October, 2022, Chainwire

Today, Kora, the app which pays users to reduce their carbon footprint, announced an investment from the Tezos Foundation as well as their use of the energy-efficient Tezos blockchain to power their app.

The Kora app rewards climate-positive actions and helps individuals, companies, and organizations measure and reduce their carbon footprint. Users earn Koras for actions that reduce their carbon footprint such as biking, switching to renewable energies, or taking public transportation.

Tezos, an energy-efficient open source blockchain network powered by a globally decentralised network of users and validators, will provide data and payment security for the Kora app.

In commenting on the reasons behind its selection of Tezos, Kora CEO & Co-Founder Gilad Regev comments, “Kora is becoming the most accurate real-time platform for measuring and validating behavior change. Ensuring that our users’ data and payment information is safe and secure has been a critical milestone in developing our platform. Furthermore, the low-carbon Tezos blockchain enables secure validation of climate action. As a pioneer of the Proof-of-Stake blockchain revolution, and with one of the lowest carbon footprints in the industry with an annual footprint equal to that of 17 persons, Tezos was the obvious blockchain of choice for Kora.”

Gilad continues, “The support from the Tezos Foundation of Kora is a pivotal moment in the growth of Kora, one which will help propel it as both an app- and a movement- to new heights and we look forward to working with Tezos in this exciting chapter of our development. ”

Companies and builders around the globe leverage Tezos for projects exploring the potential for blockchain to be a tool for sustainable innovation. Recently, Cambridge University announced that the Cambridge Centre for Carbon Credits (4C) is building a trusted decentralised marketplace on Tezos that links corporate funders to conservationists via automated and transparent global oracles. Using this marketplace, purchasers of carbon credits will be able to confidently and directly fund trusted nature-based projects. As part of its partnership, Kora joins the Cambridge Centre for Carbon Credits (4C) as another leading carbon reduction initiative building on the Tezos blockchain.

Learn more about Kora at Kora.app

Explore Tezos at Tezos.com

###

About Kora:

Kora exists to stop climate change. With a goal to reduce 2.5-3.5 gigatons of carbon emissions annually, Kora works by rewarding the reduction of C02. Koras are earned for every 100 grams of CO2 users reduce. The in-app Kora wallet allows users to keep track of their Kora earnings and send and accept payments from other Kora users or partners and participating businesses, and trade redeem the koras in the low carbon focused Kora marketplace.

About Tezos:

Tezos is smart money, redefining what it means to hold and exchange value in a digitally connected world. A self-upgradable and energy-efficient Proof of Stake blockchain with a proven track record, Tezos seamlessly adopts tomorrow’s innovations without network disruptions today. For more information, please visit www.tezos.com.

About Tezos Foundation:

The Tezos Foundation is a Swiss non-profit foundation that supports the development and long-term success of the Tezos protocol, an energy efficient blockchain with the ability to evolve by upgrading itself. For more information, please visit www.tezos.foundation.