How Blockchain Provides the Missing Links in Climate Action

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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Will Blockchain Be the Secret Sauce for Smart Cities?

The fully realized smart city is rapidly taking shape. Bloomberg New Energy Finance reported an increase in major public-private smart city technology deals to 35 global cities in 2017, up from eight in 2016. Blockchain will further accelerate that progression. Smart cities started in the early 2000’s with broadband and progressed to solution architectures such as LED lighting systems, where now digital services using predictive analytics built on the Internet of Things generating Big Data are becoming prevalent.

Now we are entering an era where, thanks to blockchain, there will be a way to keep a running tally on transactions to provide frictionless financial settlements, claim processes, energy generation, and so much more.

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