The Algorand Foundation constantly looks to support ventures that aim for sustainability worldwide. Its mission is to enable a global economy that is inclusive, borderless, and decentralized. Moreover, the Algorand Foundation supports the ventures to build on the blockchain technology of Algorand.
Security and performance remain at the core of the functioning of the Algorand Foundation. For this purpose, it deploys the Algorand consensus mechanism with the network. The Algorand ecosystem takes pride in running the organization with a team of members from diverse backgrounds.
Algorand Welcomes APAS To Its Ecosystem
APAS, a Miami-based startup, has received a grant from the Algorand Foundation. The grant received from the foundation will be directed towards strengthening the vision of APAS of preserving and protecting the world’s watersheds.
The startup aims to digitize the watershed concept in the United States of America. APAS plans to achieve this by adopting a decentralized approach to monitoring the quality of watersheds in the country.
Technology deployed by APAS includes Artificial Intelligence, Sensor Technology, Edge Computing, and Machine Learning. These technologies will be supported by analytics and data visualization.
APAS wishes to encourage citizens to participate in managing the quality of watersheds. Recreational activities for water are how APAS looks forward to registering a huge footfall in the campaign.
Local Governments will be offered access to the data, enabling them to draft policies and legislations for water governance.
Blockchain Italia, a Milan-based software house, has been roped in as a development partner. It specializes in solutions related to Fintech and Blockchain.
The Algorand Foundation announced the news by publishing a post on its official website. Hardeep Anand, the Founder of APAS, was heard quoting in the official post about how Algorand will enable it to reach out to all the citizens, offering them a stake and a voice in the process. Transparency and governance will continue to remain at the heart of the functioning of his campaign.
Hardeep Anand expressed his curiosity about looking forward to the recently established long-term relationship with the Alogrand Foundation. He reiterated the need to monitor watersheds through a data-driven and One Water approach, keeping in mind the element of mitigating risks.
He called 2022 the year of the water tiger to highlight that the year was all about their intention of going big, bold, and powerful.
Jason Lee, the Chief Operating Officer of the Algorand Foundation, pitched in with excitement to say that the foundation was happy to support APAS in digitizing watersheds on the Algorand network.
Algorand goes a long way in extending support to ventures that drive sustainability.
Silvio Micali designed the Proof-of-Stake consensus for Algorand to ensure that the network remains highly energy efficient, a feat that it has maintained proudly for a long time.
Source: https://www.cryptonewsz.com/algorand-foundation-awards-grant-to-apas-for-support-in-digitizing-water/