The World Economic Forum sees more than 65 uses for blockchain technology to solve some of the most pressing environmental challenges.
In its report, WEF highlights “see-through” supply chains, decentralized energy and water management systems, sustainable fundraising sources and carbon markets, among others.
Using blockchain can create “new financing models for environmental outcomes, the realization of non-financial value and natural capital, outlining more efficient and cleaner decentralized systems, and others,” reports Cointelegraph.
According to the report, the next step in introducing blockchain applications for environmental protection is creating a “responsible” and “global” blockchain ecosystem, as opposed to funding specific, separate projects. Read more here.