Blockchain

The Hemp Blockchain, Inc. competing for the $100 million XPRIZE Carbon Removal with the support of FFES Environmental | News

The Hemp Blockchain, Inc. competing for the $100 million XPRIZE Carbon Removal with the support of FFES Environmental |  News

SALT LAKE CITY, March 8, 2022 /PRNewswire/ — The Hemp Blockchain, Inc., the company developing advanced cloud-based solutions to accelerate the growth of the industrial hemp industry and revolutionize the quality of carbon credits available to companies seeking to balance their emissions of CO2, announces today a partnership with the FFES Environnement.

FFES Environmental, a 100% Aboriginal-owned company part of the Sucker Creek First Nation of Alberta Canada will support The Hemp Blockchain in its XPRIZE Carbon Removal submission as a partner in the Environmental Justice portion of the $100 million competetion. FFES is part of Treaty 8, the First Nations Tribes of Alberta, Canada and provide resources and land for the creation of sustainable ecological communities centered around hemp production and processing.

By “tokenizing” sequestration information, the company will increase the quantity and quality of carbon credits available for purchase for companies that need to offset their CO2 production to meet their CSR and ESG commitments. The high quality carbon credits will be designed for the voluntary carbon credit market, with blockchain technology and “The Carbon Protocol Initiative”, the company plans to exceed all current validation standards.

“The hemp blockchain environmental justice strategy is a perfect fit for our new partners,” Said Dan Higbee, CEO of the hemp blockchain. “Now that we have completely separated from our former board and acquired a 100% equity stake in the company, we can focus on business opportunities that focus on planet and people before profit. , our new partners and Board of Directors have the attitude and commitment to heal natural environments and communities, as well as the intellectual and financial capital to make it happen.”

“We have a duty to ourselves, families, communities and nations to consider the impact of our current decisions on our descendants. We must build a culture that respects the world and is grateful to the Creator for their sustenance. generational value takes into consideration those who are not yet born but who will inherit the world,” said Aaron Prichard, director of the FFES Environnement. “The earth is a living organism, we need to be mindful of how we interact with the planet. Hemp Blockchain naturally aligns with First Nations beliefs to invest in planet and people before profit .”

The Hemp Blockchain, also announced a $10 million seed round, with Series A preparations on the way for Q3 2022.

About Hemp Blockchain, Inc.

Hemp Blockchain, Inc. develops advanced cloud-based solutions to accelerate the growth of the industrial hemp industry. The Hemp Blockchain platform and applications will “leapfrog” existing solutions in an agricultural sector with significant growth prospects that are strategically important for multiple reasons, including agricultural sustainability and carbon sequestration and the growing need for credits carbon offset. For more information, please visit www.thehempblockchain.com.

Show original content to download multimedia:https://www.prnewswire.com/news-releases/the-hemp-blockchain-inc-in-competition-for-the-100m-xprize-carbon-removal-with-the-support-of-ffes-environmental- 301496919.html

SOURCE The Hemp Blockchain