Very obviously, the environmental impact of cryptocurrencies is one of the flashpoints among regulators and the public about their adoption, which has created demand for transparency around the carbon footprint of individual blockchains.
SPE, which was founded in early 2021, is a global environmental initiative registered in the U.K.
This partnership, Will make it possible for SPE to calculate the net impact of monthly transactions on Elk’s decentralized exchange platform and ElkNet, the cross-chain bridge protocol that facilitates token transfers among 16 leading blockchains.
Again, as part of the partnership, SPE will take care of the costs of calculation, offsetting, consultation, certification, validation, and verification of total impact and offsets to give Elk Finance a carbon-negative footprint.
SPE is developing what is easily the first-ever Gold Standard certified carbon credit NFTs, a green blockchain entirely powered by renewable energy, and a carbon credit exchange that will use $SPE as its exclusive currency.
ElkNet, its cutting-edge multi-chain protocol, makes it easy for anyone to move value and exchange cryptocurrencies across blockchains quickly and securely at a low cost.