3 Weeks Ago

Global warming and the connection between climate change and pollution would appear to be an incontrovertible fact.

Blockchain technology, according to Gold Standard, which is a founding member of the Climate Ledger Initiative, offers three key benefits when monitoring climate control.


  • the creation of an immutable transparent ledger

  • trust in peer-to-peer transactions – particularly important in the context of weak regulatory institutions

  • Smart Contracts – applications that can automatically execute the terms specified in a contract on a Blockchain, thereby increasing efficiency and reducing transaction costs.


Indeed, the United Nations Framework Convention on Climate Change stated that it would support a Blockchain platform to make use of the technology’s great potential. This is hoped to lead to better control and reduction of emissions of harmful substances into the atmosphere, and increase the search for funds to finance environmental projects.

 

The Climate Chain Coalition (CCC), set up in 2017, and now with over 140 members globally, also believes that Blockchain technology can help to track climate change. CCC aims to support stakeholders to embrace Blockchain (along with other technologies e.g. IoT, Big Data), thus stimulating investment, enhance measurement, reporting and verification of climate change. An example of a global climate change initiative is the South Korean - based W-Foundation, which promotes global climate action projects, including compensation of greenhouse gas emissions, by using rewards in Cryptocurrencies. The W-Foundation is supported by the United Nations and is a Blockchain-based gaming App, which encourages people to take action to help reduce greenhouse gas emissions. Every month 20% of the most active users are rewarded with W-Green Pay, (WGP) tokens. 


Other examples are projects being organised by Plastic Bank, which use Blockchain-powered platforms and rewards in the format of Cryptocurrencies, that can be earned by collecting plastic waste. Its first initiative was in Haiti, and Plastic Bank now has similar projects in several other countries around the world. The tokens that are given away for collecting waste plastic can be used to buy fuel for cooking, clothes, food or education vouchers.


Blockchain technology could be used to provide the following benefits to stimulate finance thus helping climate change, according to a report from the Climate Ledger Initiative


  • Reduce bureaucracy and the number of intermediaries and, corresponding transaction costs 

  • Avoid fraud and financial data manipulation 

  • Ensure that climate finance reaches beneficiaries while reducing overheads

  • Improve the legitimacy of climate actions funded 

  • Avoid misreporting and backpedalling from governments and other entities


Blockchain technology could dramatically help to track what steps are being taken to tackle climate change. It could create a secure database available for all to see and assist our understanding of different private and public climate commitments and actions which are being implemented, and what their results could be. By being transparent and secure Blockchain technology could help make the monitoring of climate change more inclusive and sustainable, and so hopefully slow down the impact of global warming!


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Blockchain
Environmental Services

4 Months Ago

In cities across the world, Blockchain technology is being used to help tackle the challenge of mountains of rubbish which we create in our throw-away culture.

For example, in Sharjah, in the United Arab Emirates, Blockchain technology is being used to create a platform designed to cut costs for customers applying for permits, from several days to only a few hours. This platform validates, processes and store transactions about Sharjah’s rubbish.

Plastic bank has been using Blockchain technology for a while to track, monitor and record various projects aimed to recycle plastic waste. As multinational-corporations, are increasingly coming under pressure from shareholders to prove that their Corporate Social Responsibility initiatives have real value, Blockchains can, and indeed are, helping. Plastic bank is working with the SC Johnson program in eight villages in Indonesia, where tokens are being given to people to encourage them to collect and recycle plastic. These tokens can then be redeemed for clothes, food, medicine and even books. So not only is SC Johnson funding an initiative to help clean the environment, but also making a real difference in remote communities.

Shell is offering bonuses to staff if they are able to suggest ways to reduce its carbon footprint. We will likely see more incentives and gamification in the form of tokens to nudge and encourage clients to change behaviour, and create less carbon emissions.

Meanwhile, in Bangalore Blockchain technology is being used  to record complaints, creating a more transparent record. So when residents report and complain about rubbish, there will be a database, that cannot be tampered with, available for all to see about when and where the rubbish is reported, and follow up actions.

Initiatives using Blockchain technology like those in Indonesia and Bangalore, are not going to change the world, but will have a very positive impact on the local communities and hopefully can be replicated elsewhere.

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Blockchain
Environmental Services
https://www.btcwires.com/c-buzz/indian-city-of-...lockchain/

6 Months Ago

The Japanese shipping NYK the mining company, BHP recently, have just shipped Good Fuel’s biofuels with the carbon saving verified by Blockchain Labs for Open Collaboration(Bloc) blockchain platform.

Good Fuel is the world’s first supplier of sustainable low carbon marine fuels and has teamed up with Bloc to prove the carbon saving. Schemes like this will be welcome news for corporations like Shell who recently announced that their executives’ pay will be linked to carbon reductions.

#FrontierInsights
Blockchain
Environmental Services
https://cointelegraph.com/news/major-mining-com...blockchain