World Economic Forum (WEF)published 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
In the WEF’s crypto impact and sustainability accelerator ( CISA) head of blockchain and digital assets Brynly Llyr, commented on the subject.
lyrHe said it’s very important to see and research emerging technologies as tools to help address climate change. lyr Continuing his speech, he said: “Global climate infrastructure, tools and coordination technologies can help us keep up 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 agreed that a constructive fix is needed that supports sensitive digital climate innovation.
Blockchain climate project FlowcarbonCEO of Dana GibberHe said it’s important for policymakers to consider the various applications of blockchains, not just the most prominent.
