Electroneum partners with One Ocean Foundation to build a blockchain-based transparent donation system, boosting accountability in marine conservation projects.Electroneum partners with One Ocean Foundation to build a blockchain-based transparent donation system, boosting accountability in marine conservation projects.

Energy-Efficient Blockchain Electroneum Announces Partnership with One Ocean Foundation to Create Transparent Donation System for Environmental Projects

OceanxElectroneum

Energy-efficient blockchain platform Electroneum has entered into a strategic partnership with international environmental organization One Ocean Foundation, which specializes in marine ecosystem restoration. Company representatives announced this on October 8.

Under the collaboration, Electroneum’s blockchain technology will be used to create a transparent donation system and track the foundation’s environmental projects. The partnership aims to increase transparency and accountability in conservation initiatives.

One Ocean Foundation works on ocean protection and restoration together with partners such as Pirelli, Giorgio Armani, and the Rolex Perpetual Planet Initiative. The organization’s key projects include Blue Forest and Canyon of Caprera.

Through blockchain integration, donors will be able to track fund allocation in real time and see exactly how their contributions are being used in marine ecosystem conservation projects. The technology will also enable the tokenization of sustainable practices, allowing companies and individuals to verify their environmental commitments.

Electroneum is a Layer 1 blockchain platform with low energy consumption. According to the company, the platform consumes less energy than Proof of Stake-based networks. Previously, the company created the world’s first blockchain smartphone and attracted millions of users worldwide. The platform is now undergoing a relaunch called Electroneum 2.0, offering developers low transaction fees. The company also operates the AnyTask.com platform, which provides freelancers from developing countries access to the international labor market.

The significance of the partnership is confirmed by the joint project’s nomination for Premio Aretè 2025 — Award of Excellence, a prestigious award in corporate social responsibility and innovation. The winner will be announced on October 10, and project details will be presented on October 28 in Milan.

“We chose to partner with Electroneum because it is one of the most energy-efficient and environmentally friendly blockchains in the world, – commented Jan Pachner, Secretary General of One Ocean Foundation. – With this partnership, we aim to show that technology and ocean protection can go hand in hand, opening innovative ways to engage audiences beyond our traditional community”.

“We’ve worked hard to become the greenest blockchain solution in the world while remaining one of the fastest, – noted Richard Ells, CEO of Electroneum. – We are excited to work with them on verifiable donation channels where supporters can see exactly how funds are allocated to ocean projects. This will clearly demonstrate the power of blockchain to ensure transparency and veracity”.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

The Channel Factories We’ve Been Waiting For

The Channel Factories We’ve Been Waiting For

The post The Channel Factories We’ve Been Waiting For appeared on BitcoinEthereumNews.com. Visions of future technology are often prescient about the broad strokes while flubbing the details. The tablets in “2001: A Space Odyssey” do indeed look like iPads, but you never see the astronauts paying for subscriptions or wasting hours on Candy Crush.  Channel factories are one vision that arose early in the history of the Lightning Network to address some challenges that Lightning has faced from the beginning. Despite having grown to become Bitcoin’s most successful layer-2 scaling solution, with instant and low-fee payments, Lightning’s scale is limited by its reliance on payment channels. Although Lightning shifts most transactions off-chain, each payment channel still requires an on-chain transaction to open and (usually) another to close. As adoption grows, pressure on the blockchain grows with it. The need for a more scalable approach to managing channels is clear. Channel factories were supposed to meet this need, but where are they? In 2025, subnetworks are emerging that revive the impetus of channel factories with some new details that vastly increase their potential. They are natively interoperable with Lightning and achieve greater scale by allowing a group of participants to open a shared multisig UTXO and create multiple bilateral channels, which reduces the number of on-chain transactions and improves capital efficiency. Achieving greater scale by reducing complexity, Ark and Spark perform the same function as traditional channel factories with new designs and additional capabilities based on shared UTXOs.  Channel Factories 101 Channel factories have been around since the inception of Lightning. A factory is a multiparty contract where multiple users (not just two, as in a Dryja-Poon channel) cooperatively lock funds in a single multisig UTXO. They can open, close and update channels off-chain without updating the blockchain for each operation. Only when participants leave or the factory dissolves is an on-chain transaction…
Share
BitcoinEthereumNews2025/09/18 00:09
Franklin Templeton CEO Dismisses 50bps Rate Cut Ahead FOMC

Franklin Templeton CEO Dismisses 50bps Rate Cut Ahead FOMC

The post Franklin Templeton CEO Dismisses 50bps Rate Cut Ahead FOMC appeared on BitcoinEthereumNews.com. Franklin Templeton CEO Jenny Johnson has weighed in on whether the Federal Reserve should make a 25 basis points (bps) Fed rate cut or 50 bps cut. This comes ahead of the Fed decision today at today’s FOMC meeting, with the market pricing in a 25 bps cut. Bitcoin and the broader crypto market are currently trading flat ahead of the rate cut decision. Franklin Templeton CEO Weighs In On Potential FOMC Decision In a CNBC interview, Jenny Johnson said that she expects the Fed to make a 25 bps cut today instead of a 50 bps cut. She acknowledged the jobs data, which suggested that the labor market is weakening. However, she noted that this data is backward-looking, indicating that it doesn’t show the current state of the economy. She alluded to the wage growth, which she remarked is an indication of a robust labor market. She added that retail sales are up and that consumers are still spending, despite inflation being sticky at 3%, which makes a case for why the FOMC should opt against a 50-basis-point Fed rate cut. In line with this, the Franklin Templeton CEO said that she would go with a 25 bps rate cut if she were Jerome Powell. She remarked that the Fed still has the October and December FOMC meetings to make further cuts if the incoming data warrants it. Johnson also asserted that the data show a robust economy. However, she noted that there can’t be an argument for no Fed rate cut since Powell already signaled at Jackson Hole that they were likely to lower interest rates at this meeting due to concerns over a weakening labor market. Notably, her comment comes as experts argue for both sides on why the Fed should make a 25 bps cut or…
Share
BitcoinEthereumNews2025/09/18 00:36
Tom Lee’s Bitmine Scoops Up 3.4% of Ethereum, Triggering a Supply Squeeze

Tom Lee’s Bitmine Scoops Up 3.4% of Ethereum, Triggering a Supply Squeeze

Bitmine Immersion now controls 3.4% of Ethereum amid shrinking exchange supply and rising institutional accumulation.
Share
Crypto Breaking News2026/01/20 16:27