How is climate change effective with blockchain?
Reviewing and compile blockchain industry topic, updating market references and research environment.
Today, we are picking up climate and social issue solution with blockchain.
Plastic Bank, a startup that collects and recycles ocean plastic, opened its ninth plastic recycling center in Indonesia in collaboration with American cleaning supplies company SC Johnson.
Local waste collector will bring plastic to center and be issued digital tokens via smart contracts accessed from their mobile devices. The Plastic Bank then sells its recycled plastic flakes or pellets to consumer packaged goods manufacturers as “social plastic” for a premium.
According to insights west, Canadian people is concerned with climate change worries against other factors of facing world problem. It is clear that climate change is a hugely important issue to Canadians, and is of significant concern, as 84% of Canadians consider themselves worried about climate change. Therefore, it will come out a wide number of activities that Canadians are doing or are planning to do in the future to combat climate change.
In 2013, Australia has established the Emissions Reduction Fund, which aims to reduce carbon emissions by planting trees, flaring landfill gas, improving energy efficiency, and other methods.
With blockchain, some planning is come out for emission gas reduction., such as company has a government contract to provide a certain amount of emissions reductions by planting trees. Once these reductions were achieved, the blockchain would verify that the activity was complete.
Impactio is an Ethereum-based blockchain-powered impact investment platform, built around the United Nations 17 sustainable development goals (SDGs), launched by ConsenSys.
The World Wide Fund for Nature (WWF) and Consensys cooperated to invest social impact, in particular to whom investors have an expectation of a positive financial return on their investment, in contrast to traditional philanthropy, and have an expectation of a positive social or environmental return from their investments, in contrast to traditional investing.
Climate change and social impact will be covered with blockchain and new technology.
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