The blockchain to reduce carbon emissions
In the challenge of reducing pollutant emissions, Jemma Green on Forbes indicates the blockchain as a central tool to arrest climate change. Blockchain for Climate Foundation, based in Canada, is a non-profit startup focused on improving global carbon markets by working on a blockchain tool that connects the Canadian stakeholders. The goal is to build a smart contract protocol based on cryptocurrency to accommodate use by every country in the world. There will be enough data embedded in each of the tokens so the provenance and carbon emission reductions.
The technology behind blockchain has the potential to open up existing and create new carbon markets for a wider range of players, including smaller businesses and individuals. This makes it easier for everybody to participate in carbon markets and for new peer-to-peer and business-to-consumer marketplaces to emerge.