Blockchain initiative Algorand Foundation has established a strategic cooperation with The Canadian SailGP Team
Algorand Foundation & SailGP
The Canada SailGP Team has announced a three-year cooperation with the Algorand Foundation. The collaboration is the first big partnership announcement for the Canadian team. As well as a blockchain platform’s sponsorship of a professional sailing team. The Algorand Foundation and the Canada SailGP Team share a goal for a sustainable future based on cutting-edge innovation and high-performance technology, making the alliance a perfect fit. Both are dedicated to using sport to inspire a brighter and cleaner future for our world.
The Canada SailGP Team, created by digital finance entrepreneur Fred Pye, is all about encouraging the future generation of Canadian sailors, supporting chances for kids to get engaged in the sport, and offering a route for outstanding athletes. The team is developing a foiling development program (We CAN Foil). To provide young sailors from coast to coast with the opportunity to learn to fly. As part of SailGP, the Canada SailGP Team is dedicated to racing for a brighter future. Which includes combatting climate change and speeding the transition to renewable energy.
The Algorand Foundation is committed to realizing the worldwide promise of blockchain technology by using the strength of the Algorand protocol and its ecosystem to allow everybody to benefit from the potential of a genuinely borderless digital economy based on a carbon-negative network. With its Pure PoS methodology, Algorand has created a sustainable, DeFi blockchain with minimum power usage that will favorably influence finance and inclusion while having no negative environmental effect.
Quotes
Staci Warden, CEO of the Algorand Foundation, said: “We are excited to partner with the Canada SailGP Team as we are so well-aligned on our shared values of high-performance technology and a sustainable, carbon-zero approach. We look forward to collaborating with the team on a range of initiatives that will show the unique mix of performance, security and sustainability that mark out Algorand as a unique blockchain.”
Fred Pye, SailGP Team Owner, added: “SailGP’s combination of sport and technology makes it uniquely positioned to provide a platform for growth of all digital asset technology. The Canada SailGP Team is leading the development in this space, and I’m confident that we will be the first team in the League, perhaps in all of professional sailing, to showcase the possibilities of blockchain. This is just one of the reasons why we are so pleased to partner with the Algorand Foundation.”
