Blockchain Can Help to Resolve Environmental Problems

Blockchain Can Help to Resolve Environmental Problems

Smart contract and blockchain tech may help to support government arrangements on environmental protection

According to a new research by WEF, there are more than 60 ways blockchain technology may help with   environmental challenges. The research explains how new platforms could help to develop blockchain ecosystems.

The measures include decentralized management of natural resources and creating supply chains for more sustainability. Moreover, funding mechanisms could raise necessary sums of money to assure "low-carbon" economic growth.

According to CoinDesk, blockchain technology helps to address addressing such matters as support of tuna stocks, reduction of greenhouse gas emissions and development of solar power projects.

Smart contracts could be used to support government arrangements that give necessaryresource rights to the persons concerned.

The research specifies six areas that blockchain technology could positively impact: climate change, oceans, clean air, etc. According to the report, these new opportunities are ignored by investors, businessmen and official authorities. The community should focus on the fresh ideas to achieve big goals for the environment and the planet. Blockchain tech can help with environmentally-friendly solutions.

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