The Poseidon Foundation, a carbon credit and market blockchain NGO initiative built on the Stellar network, has partnered with BAC (Briggs Automotive Company) to become the world’s first car manufacturer to become ‘climate positive’.

In partnering with the Poseidon Foundation, BAC will be able to utilise their revolutionary blockchain carbon credit infrastructure and point-of-sale donation technology to rebalance their carbon footprint, removing more CO2 than the company emits from car production, servicing and delivery. BAC is the manufacturer of the world’s only single-seater, road-legal supercar, and have featured on prime-time programs such as Top Gear. This blockchain carbon credit partnership will help contribute to forest conservation projects, such as Peru’s Cordillera Azul National Park.

Ian Briggs, Co-Founder of BAC, gave this statement regarding the new venture:

‘We are absolutely delighted to team up with Poseidon and take this important step to becoming 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’

Liverpool mayor Joe Anderson even recognised the significance of this milestone, celebrating the ‘cutting-edge technology’ being used by the Liverpool car company to become carbon positive. This marks the second major partnership that Poseidon has announced, having only recently launched a pilot with Ben and Jerry’s ice-cream in London. Negative market sentiment seems to be doing little to blunt cross-market partnerships and innovation within the DLT and cryptocurrency space, with this breaking news demonstrating further validation of the Stellar Lumen’s protocol and its competitive advantage for major industry applications.

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