According to the FEM study, the Blockchain can be the answer to solve environmental problems
New research from the World Economic Forum (WEF) has identified more than 65 ways in which Blockchain technology can be used to address some of the most pressing environmental challenges facing the planet.
The study launched at the Global Climate Action Summit last week examines how new international platforms could "incubate responsible Blockchain ecosystems," according to a press release.
Such networks could range from the decentralization of natural resource management, such as energy and water, to the creation of supply chains that help promote greater sustainability. It could also provide new financing mechanisms to raise the huge sums of money needed to achieve economic growth.
As reported, the Blockchain projects are already addressing issues such as the sustainability of tuna stocks, by tracking fish from their source, to the main store, or also exploring ways to reduce gas emissions.
The research analyzes the areas that Blockchain technology could have a positive impact, areas such as: climate change, biodiversity and conservation, oceans, water safety, clean air and climate. Each one subdivided into more precise areas that could be attacked.
The report argues that these great opportunities are being largely ignored by developers, investors and governments, however, they represent an excellent chance for investment.
While the cases of Blockchain's use in the disruption of finances have been largely the focus of businesses and investors, Celine Herweijer, a partner at PwC UK, said:
"There is an opportunity for new ideas to take advantage of this incipient technology, to help generate big profits for our environment. From clean, ethical, transparent and reliable supply chains, to encouraging sustainable consumption and production or propping up the much-needed transition to decentralized low-carbon energy, water and mobility systems. "
Blockchain has the potential to help achieve a transition to cleaner and more resource-friendly solutions.
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