One of the world’s largest ride-sharing companies, Cabify, is moving to offset its carbon emissions with the help of blockchain technology. Announced last week, the Latin American ride-sharing business has tapped Valencia, Spain-based blockchain fintech firm ClimateTrade to digitize and track its carbon emissions. ClimateTrade’s chief marketing officer, Ana Karen, told CoinDesk via email that Cabify selected her firm’s platform as a way to compensate for the ride-sharing giant’s carbon footprint. The system works by tracking users’ rides and offsetting the carbon dioxide generated by distributing credits on ClimateTrade’s blockchain marketplace.

+INFO: ZDNet