Algorand Foundation and Canada SailGP Team highlights climate friendly innovations at Dubai Sail Grand Prix

The Sail Grand Prix event is the first of many appearances for the Algorand Foundation in Dubai this November, along the road to Decipher, the Algorand conference slated for November 28-30 at Madinat Jumeirah

The world's most thrilling on-water racing will make its first visit to 'the city of sand dunes and sparkling skyscrapers' for the Dubai Sail Grand Prix sponsored by P&O Marinas on November 12–13.

Competing within this adrenaline-filled weekend is the Canada SailGP Team, supported by tier one partner, the Algorand Foundation, the organisation dedicated to fulfilling the promise of the permissionless, carbon-negative Layer 1 Algorand blockchain. Canada SailGP Team and the Algorand Foundation share a vision for a sustainable future that is built on cutting-edge innovation and high-performance technology. Both are committed to inspiring a brighter and cleaner future for our planet through sport. Announced earlier this year, their three-year partnership was the first-ever blockchain sponsorship in the professional sailing arena.

To Dubai, Algorand brings the realised promise of an environmentally-friendly blockchain. In contrast to other blockchain networks, Algorand uses significantly less energy; compared to the Bitcoin network, for example, digital asset creation and transactions on Algorand result in 120 million times less CO2 emissions. Those interested in learning more about the various applications and use cases leveraging Algorand technology–from governmental organisations to financial institutions, sports leagues, artists, and more–can connect with Algorand at Decipher, the ecosystem’s 2nd annual conference, taking place 28-30 November at Madinat Jumeirah. Nearly 2,000 guests are expected to attend this event, with speakers from FTX, Kraken MENA, Sino Global Capital, Arrington Capital and the Canada SailGP Team.

Together with Algorand and other best-in-class technology partners, the Canada SailGP Team is on a mission to become the first fully digital sports team. The team was the first in SailGP to begin making fully digital payments earlier this year and will be announcing more digital projects and innovations in the coming weeks.

Don’t miss Canada SailGP Team and the Algorand Foundation at Dubai’s first-ever Grand Prix sailing event, kicking off November 12th. See you on the water.

About Algorand Foundation

The Algorand blockchain — designed by MIT professor and Turing Award-winning cryptographer Silvio Micali — is uniquely capable of delivering on the promise of a borderless global economy. It achieves transaction throughputs at the speed of traditional finance but with immediate finality, near zero transaction costs, and on a 24/7 basis. Its carbon-neutral platform and unique pure proof-of-stake consensus mechanism solve the 'blockchain trilemma' by achieving both security and scalability on a decentralised protocol and without a second of downtime since it went live in 2019.

The Algorand Foundation is dedicated to helping fulfil the global promise of the Algorand blockchain by taking responsibility for its sound monetary supply economics, decentralised governance, and healthy and prosperous open-source ecosystem. For more information, visit https://algorand.foundation

About SailGP

SailGP races for a better future, championing a world powered by nature. The world's most exciting race on water, SailGP features national teams battling in short, intense races at iconic stadium-style venues across the globe, building to the grand final – and a top prize of $1 million. The high-tech, high-speed racing features sailing's best athletes competing in identical hydro-foiling F50 catamarans, flying at speeds approaching 100 km/h. SailGP.com

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About the Canada SailGP Team

Canada SailGP Team is one of the few independent teams in this ultra-competitive international league, having joined in May 2022 at the start of Season 3. The team has an entrepreneurial spirit and a vision to be the first fully digital sports franchise. Canada SailGP Team is passionate about creating opportunities in the sport for the next generation and protecting our racetrack, the ocean. SailGP.com/teams/canada/