The environmental impact of blockchain is a growing concern in the world of financial technology. The huge amounts of electricity needed to mine and process transactions of crypto-currencies like Bitcoin have been criticized for their contribution to climate change. Greenercoin was launched to offer an eco-responsible solution to this problem.
Abdelilah Essaih, the founder of Greenercoin, in his superhero cape, will tell us a little more about his personal journey, his motivations and his plans for the future. In this interview, Abdelilah also shared his personal experience with environmental issues. As well as his vision of the importance of web 3 for personal data ownership.
In this article, we will go deeper into the key points to better understand the impact of blockchain on the environment, the challenges and opportunities for eco-responsible projects, as well as the perspectives for the future of green financial technology. But most importantly, the personal story behind this project.
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The Genesis of Greenercoin: Our CEO's Story
Abdelilah Essaih, CEO of Greenercoin, is a mechanical engineer by training with a background in market finance. It was while launching his first blockchain technology startup, Electroethicoart, that he became aware of the pollution issues associated with blockchains, particularly bitcoin. Originally from Morocco, Abdelilah has seen firsthand the effects of climate change, with the desertification of soils in his native country, and he also witnesses the effects of greenhouse gases and drought in France, where he currently lives.
Faced with this issue, our CEO had the idea to create Greenercoin, a crypto-currency that aims to be eco-responsible by using a more sustainable and less energy-consuming approach than traditional blockchains. By using the advantages of the web3, Greenercoin allows for a more responsible use of technology, while offering practical benefits to users, such as faster transaction times and lower costs.
The genesis of Greenercoin is thus linked to Abdelilah Essaih’s environmental awareness, as well as his experience in market finance and blockchain technology. This unique combination of skills and interests has allowed this young entrepreneur to create an innovative solution to a major challenge of our time: the transition to a more environmentally friendly economy.
Greenercoin's goals and achievements
Abdelilah Essaih has ambitious goals for Greenercoin. First, he wants to make it easier for people to use the web3 by offering a more environmentally friendly solution than traditional blockchains. Second, he wants Greenercoin to become a major player for the environment and the web3. To achieve these goals, Abdelilah financed the project with his own means, investing his time and money over two years, which shows how important the environmental issue is to him. To give you a figure, it is several tens of thousands of euros that the CEO has invested in Greenercoin. That’s a lot to take in.
In addition, Greenercoin has already made some progress, such as the establishment of tree plantations (see the whitepaper of the project if you want to know more). Another small step towards a greener world. Abdelilah believes that small actions can have a big impact. Because these small gestures linked together can make big changes and this is also why he embarked on this project for the environmental cause. He is convinced that blockchain technology can play a key role in the energy transition and in the promotion of renewable energy.
Of course all work deserves reward and the most rewarding moment for Abdelilah since launching Greenercoin has been to see that his project speaks to not just a few, but thousands of individuals who share his vision for a greener and fairer world.
Greenercoin, web 3.0 and eco-responsibility
For Abdelilah Essaih, web 3.0 is a real opportunity for freedom and equality for everyone, without other entities such as banks or GAFAM intervening. Web 3.0 allows everyone to own their own data, control their online identity, and participate in secure and transparent exchanges. As the founder of Greenercoin, Abdelilah Essaih strives to make it easier for people to use Web 3.0, while making Greenercoin a major player in the environment. Validating blocks via renewable energy solves a lot of problems regarding the environment and cryptocurrencies,
In addition, in order to move the world towards a logical and responsible ecology our CEO believes that large companies have an important role to play in promoting the use of renewable energy. He believes that these companies must not only highlight the benefits of renewable energy, but also raise awareness among the general public about its importance for the environment. For him, it is not enough to talk about eco-responsibility, it is necessary to act concretely by always keeping in mind the environmental stakes. For the end of this article and this interview with him, he believes that web 3.0 and eco-responsibility are two sides of the same coin, allowing individuals to take control of their digital lives while acting for the environment.
The final green word
Greenercoin and its CEO Abdelilah Essaih are an example of how emerging technologies can be used to address current environmental issues. By using a more eco-friendly approach to blockchain creation, Greenercoin offers a practical and sustainable solution for web3 users. With an ambitious vision for the future, Greenercoin is poised to become a major player in promoting eco-responsibility and green technology. And who knows, maybe in the not-so-distant future we’ll all have our own Greenercoin trees to plant in our backyards, or better yet, in our homes! Let’s just hope that these trees don’t require blockchain to grow… otherwise it could be very energy consuming!
Gauthier Léo
To learn more about our project, go here: Greenercoin.io
