Environmental construction in the US will be financed with cryptocurrencies

The Rhode Island legislature, on the one hand, wants to solve the housing shortage problem by simplifying the work of developers, and on the other hand, to ensure the environmental friendliness of new projects by incentivizing builders with cryptocurrency rewards for not harming the environment.

The Rhode Island House of Representatives has proposed a bill that would credit development companies if they reduce the carbon footprint of a project. Lending will be based on a conditional «green coin» that the state government will define.

It is likely to be a «proof of stake» (PoS) network, which is most often favored by environmentalists these days.

The law will require the state’s Public Utilities Commission to issue annual reports on utility costs and carbon emissions from residential projects. If the project manages to reduce utility costs, the state will provide the property owner with a cryptocurrency loan for further development.