Over the last few years, governments and organizations worldwide have focused on using various technological tools to mitigate climate change and biodiversity loss challenges. One of the tools that could be highly effective in tackling the climate crisis is blockchain.
From a technology point of view, blockchain is a digitally distributed, decentralized ledger that helps track and verify transactions. Even though blockchain is well known for the technology behind cryptocurrencies such as Ethereum and Bitcoin, environmental researchers are now finding its use in solving the climate crisis, ranging from tracking the sustainability of products to monitoring pollution.
In this article, we will explore how blockchain technology can help to combat the environmental crisis.
Did you Know?
Asia’s first crypto exchange-traded fund (ETF) could be launched in India’s GIFT City this year by Torus Kling Blockchain
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