From The Wall Street Journal
The World Economic Forum in mid-September released a report examining how blockchain technologies could be harnessed to address serious environmental issues, better manage our shared global environment and help drive sustainable growth and value creation. The report outlined some of the world’s most-pressing environmental challenges and highlighted eight blockchain-based game changers that could lead to transformative solutions to these pressing problems.
“The majority of the world’s current environmental problems can be traced back to industrialization, particularly since the ‘great acceleration’ in global economic activity since the 1950s,” notes the report. “While this delivered impressive gains in human progress and prosperity, it has also led to unintended consequences… research from many Earth-system scientists suggests that life on land could now be entering a period of unprecedented environmental systems change.”
True, blockchain is still in its early stages of development and deployment. Its capabilities have been often oversold, as is the case with just about all promising technologies. But, as the WEF report argues, if blockchain one days lives up to its promise, it could “transform how society operates, becoming one of the most significant innovations since the creation of the internet. The opportunity to harness this innovation to help tackle environmental challenges is equally significant.”