Climate change, melting ice caps, global warming, going green! Everything has become synonymous with environmental sustainability today. The world’s global ecological challenge has been a subject of debate for a long time.
As per recent reports by the World Meteorological Organization and United Nations Environmental Program, temperatures have risen due to carbon pollution, which is a direct result of human activities. In fact, since 1850, the Earth’s surface has been growing warmer and warmer.
While the planet earth has been suffering at the hands of humans, it is also becoming a better place to live in with the emergence of new technologies like Blockchain. However, the primary question of using Blockchain for environmental sustainability has remained a big question mark.
According to Statista, the global amount of investment required between 2000 and 2050, for gaining sustainability in areas of energy, food security, and agriculture is a whopping $2.17 trillion per year.
Moreover, leading experts believe that there is scope for international collaborations on CO2 emission reductions. Not to mention that such experts have thought of coming up with a system having a double-entry bookkeeping mechanism for tracking the outcomes of emission reduction. Well, such a mechanism can be achieved with the latest blockchain technology! Ask how?
Numerous reports suggest that Blockchain could assist in promoting environmental sustainability in many ways. This includes but is not limited to the following:Sustainability monitoring Reporting and verification purposes Automatic disaster preparedness Humanitarian relief Earth-management geospatial platforms
Times have changed. We have transcended from the time of “Meh! Blockchain” to “Woah! Blockchain!” So, here is a comprehensive list of the various ways blockchain technology can revolutionize our planet and help us walk on the path of environmental sustainability.