How Blockchain can help fight Climate Change?

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By Abhilash Shukla. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

Blockchain is a word that is widely understood as some sought of a digital payment mechanism. Because people tend to relate it with Bitcoin and they limit Blockchains potential to just money transfers. But Blockchain is way bigger and it represents a technology in itself, Digital money usage or for that matter Bitcoin is one of the use case of Blockchain.

The decentralised approach of blockchain can provide both breadth and depth. And It can engage and enable everyone to participate in the fight of Climate Change. It will allow us tracking and reporting of reductions in greenhouse gas emissions along the entire supply chain, including manufactures, suppliers, distributors and consumers.

Just as the internet today is much bigger than email, the rise of blockchain technology is much more than decentralised money alone. The combination of blockchains and oracles are leading a new era of smart technologies that can create entirely new types of incentives for sustainable human consumption. Innovations in blockchain technologies are powerful enablers for collective action to fight climate change and it can be leveraged if we consider it by heart.

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