Monday, December 5, 2022
HomeBTCRootstock-based WakeUp Labs collaborates with Kilimo to use NFTs in water conservation...

Rootstock-based WakeUp Labs collaborates with Kilimo to use NFTs in water conservation programme

An innovative Bitcoin (BTC) sidechain called Rootstock (RSK) that allows smart contracts is intended to provide “water-neutrality” tokenized certificates to enterprises who are responsible.

According to the official statement by the staff of Rootstock (RSK), the company has engaged into a long-term strategic relationship with Kilimo, a “climate tech” start-up that certifies the amount of water that is used by agricultural enterprises.

WakeUp Labs is an environmentally friendly protocol that was developed on top of Rootstock (RSK), and it will be issuing tokenized certificates (verification NFTs) to any and all business owners who are accountable for the creation of water consumption mechanisms. Exclusive non-fungible tokens (NFTs) will be released on top of Rootstock, and these tokens will reflect the amount of water that farmers save.

After that, other businesses will be able to acquire these certificates in order to reimburse Kilimo’s customers for the smaller water footprints they have as a result of using Kilimo’s services. Kilimo utilises Big Data and Machine Learning tools in order to evaluate how efficiently agricultural water resources are being used. As a result, WakeUp Labs will generate certifications to authenticate the water drinking procedure.

As a consequence of this, farmers that make effective use of irrigation will be eligible for an extra income stream as a result of the new procedure. Jairo Trad, the creator of Kilimo, is ecstatic about the possibility of this new use case for the mechanics behind his product.
Rootstock (RSK) markets itself as the most trustworthy and attack-resistant DeFi platform due to the fact that its instruments are safeguarded by the whole of the hashrate of Bitcoin (BTC).

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Reporter
Jeewan Singh is CryptoShrypto’s content writer and a seasoned writer with over two years of experience in writing about Indian Securities Market. Jeewan's participation in Blockchain and Cryptocurrency started in late 2020, and he hasn't looked back since. The technical and economic outcomes of cryptocurrency are what spark his curiosity, and he keeps one eye on the market.
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