Built for Global Impact. Committed to Sustainability.
Our Impact Focus
The Algorand Foundation supports entrepreneurs and institutions committed to using the Algorand Green Blockchain to advance environmental sustainability, economic inclusion and opportunity globally.
Our primary impact verticals:
Financial Inclusion
We support those entrepreneurs and organizations working to expand access to financial services for the 1.7 billion people in the world who are currently unbanked.
Social Impact
We partner with institutions and entrepreneurs who are committed to using the Algorand Blockchain to address income inequality, poverty, and other social issues.
Environmental Sustainability
We support solutions using the Algorand Blockchain to address climate change and other environmental challenges in order to help protect the earth today and for future generations.
“the idea that blockchain progress necessarily comes at a cost for the environment is just the dystopia of the uninformed.”
Silvio Micali, Founder of Algorand
Why Impact and Inclusion?
The Algorand Blockchain exists because its founder, Silvio Micali, believed that he could build a better, faster, more reliable, more secure, greener, and more sustainable alternative to the existing layer one blockchains. This emphasis on sustainability is woven into the fabric of the Algorand Foundation and serves as our true north.
The Impact and Inclusion vertical at Algorand is the clearest manifestation of that ethic. By focusing on financial inclusion, social impact, and environmental sustainability, we believe that the investments we make can shape a more just and equitable future.
Why is the Algorand Blockchain Sustainable?
Sustainability is rooted in Algorand’s Pure Proof-of-Stake Protocol (PPoS).
Each final transaction on Algorand uses roughly 0.0000004 kg of CO2, in contrast, a Bitcoin transaction emits 338 tons of CO2. In total the Algorand Blockchain uses the energy equivalent needed to power about seven houses for one year.
Algorand offsets its carbon usage by buying carbon credits through smart contract. As a result it is guaranteed to remain carbon neutral on a net basis.
Investments and Advocacy Partnerships
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Race Against Climate Change: Envision X Formula E Series
Together in action, Algorand Foundation and Envision Racing are teaming up to pave the way for a greener future in dedication to promoting a cleaner earth. The ‘Race Against Climate Change’ sustainability programme helps amplify the fight against climate change and accelerate the movement to zero-emission.
Eight exclusive NFTs from the Formula E race cities in 2022 were made available to purchase on Algorand, with all proceeds going to the Sustainable Chain Campaign in efforts to plant trees in the Madagascar forest. Algorand Foundation has taken the Envision pledge, now it’s your turn.
Impact News
Algorand: The World's Greenest Blockchain
Designed as a highly energy efficient network from the start. Partnering with organizations focused on sustainable use cases. Offsetting any small emission gaps.