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The scoop: Last week, Ripple’s CEO made an ambitious commitment to go carbon net-zero by 2030 in collaboration with conservation Rocky Mountain Institute and REBA, and pressured other crypto companies to do the same.

Talking points:

  1. Unlike Bitcoin, Ripple (XRP) was built with a finite supply (100 billion) at its inception, making it easier to control mining activities and mitigate its environmental footprint.
  2. Compared to Bitcoin’s 4.51 billion lightbulb hours needed to mine it, the XRP Ledger uses just 79,000.
  3. A lot needs to happen to make do on that claim, but Ripple is the first crypto looking to go carbon net-zero, and they have a plan (see below).

Bottom line: I don’t know if Ripple, Ethereum, and Bitcoin will one day replace Euros, Dollars and Yuan. With that said, why not bet a dollar on the possibility that they one day could?

Dig deeper → 3 min.

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Why are wildfires detrimental to our environment?

  • Burn millions of acres of forests each year; trees are critical to (1) absorbing greenhouse gases to lessen the effects of climate change and (2) preserving biodiversity.
  • Kill and displace wildlife.
  • Disrupt water cycles and soil fertility.
  • Endanger lives and livelihood of local communities.

How are drones being used to fight wildfires?

  • Provide real-time support on the ground for firefighters to improve safety.
  • Map weather patterns to prevent spreading of the fire to mitigate environmental destruction.

What are the benefits of a drone compared to a traditional aircraft?

  • Safer since you don’t need a pilot to operate it.
  • More versatile since a drone can fly in poor conditions and hard to reach spaces.
  • More accurate by using GPS and imaging technologies to generate a “smart map.”

Bottom line

More recently, the use of drones for fire prevention in the U.S. has been gaining support from the federal government. Regulatory hurdles are starting to lessen. Plus, the civil-use of drones is now more widely accepted.

Drones are becoming a key technological advancement in fighting wildfires. They can not only protect our communities, but they can also mitigate the environmental impact caused by fires.

Dig deeper → 4 min

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