FF Los Angeles has unveiled the ‘Ocean Miner’ project for the Tara Expéditions Foundation. It’s a system somewhere between blockchain and land art that gives the ocean a chance to produce Bitcoin to finance its own preservation.
The Tara Expéditions Foundation travels the world’s seas with scientists proactively studying and understanding the ocean to better preserve it from climate change. Its mission is essential but is often confronted with the difficulty of engaging the general public, politicians or the investors necessary to finance marine research.
Since environmental concerns represent less than 3% of donations to charities, the Tara Foundation team has developed, in partnership with FF Los Angeles, a system called ‘Ocean Miner’. The new hydraulic turbine system is installed in the Gulf of Morbihan, in Brittany, France, where marine streams and tides are at their strongest.
How it works is that the turbine, naturally driven by stream action, converts the energy from the ocean into electrical energy. A computer operating in Bitcoin Mining is wired to the turbine, generating a margin of Bitcoin for the owner of the computer. This digital currency is then convertible into Euros and can then immediately be re-invested in ocean research.
Agency: FF Los Angeles
Client: Tara Expeditions Foundation