The World Economic Forum (WEF) has released a whitepaper explaining how blockchains provide the necessary infrastructure in the fight against climate change.
In its white paper, WEF divided the value of blockchain in combating climate change into four categories. First, blockchains can strengthen trust and ambition in climate negotiations, according to the whitepaper. Second, it can increase market transparency and credibility. In addition, the project could divert more funds to developers and finally democratize access to climate action.
Llyr: Blockchain Technology Can Help Us
Brynly Llyr, head of blockchain and digital assets at the WEF’s crypto impact and sustainability accelerator (CISA), commented.
Llyr said it’s important to see and research emerging technologies as tools to help address climate change. Llyr continued, “Global climate infrastructure, tools and coordination technologies can help us keep pace with our changing planetary ecosystem. This is where blockchain and common infrastructure technologies can help us.”
The whitepaper also highlighted that because of the potential of blockchain, industry leaders agree that a constructive fix is needed that supports responsive digital climate innovation.
Dana Gibber, CEO of blockchain climate project Flowcarbon, said it’s important for policymakers to consider the diverse applications of blockchains, not just the most prominent.
57920
