This has been an interesting week in the crypto space, especially in terms of partnerships. This week, Poseidon Foundation, which is a carbon credit and marketing blockchain NGO built upon the Stellar network partnered with Briggs Automotive Company (BAC). As a result, BAC may just be the first car manufacturer to become “climate positive.”
BREAKING: #BAC becomes first car manufacturer to go 'climate positive'
Partnership with @Poseidon_NGO allows BAC to contribute to removal of more CO2 from atmosphere than it emits
— BAC Mono (@DiscoverMono) June 28, 2018
BAC released a statement on Twitter concerning the partnership, “#BAC becomes the first car manufacturer to go “climate positive.” Partnership with @Poseidon_NGO allows BAC to contribute to removal of more CO2 from atmosphere than it emits,”
The partnership is especially beneficial for BAC, which will be able to apply Poseidon’s carbon credit infrastructure and point-of-sale donation technology. These systems allow for a reduction in the carbon footprint and a potential removal of more CO2 than the company currently releases from the production of cars.
According to Ian Briggs, BAC’s co-founder,
“We are absolutely delighted to team up with Poseidon and take this important step to become a climate-positive manufacturer . . . At BAC, we are totally committed to embracing new technology and are devoted to designing and developing more and more carbon-friendly products.”