The blockchain could be the missing link that brings consumers, businesses, and investors together on climate change. Built for peer to peer collaboration around shared, yet immutable ledgers, it lets us account for carbon emissions and transfer verifiable climate action through the supply chain.
Blockchain allows calculated emissions from each business to be tokenized and passed through to its supply chain partners to use in their emissions calculations. For example, a token could be issued based on the dollar amount, unit quantity, or volume of the company’s products. This would allow emissions calculations to be passed through the supply chain, so that the effects of a company’s emissions reductions and climate actions would be transparent.
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