Our environment are getting worse everyday, by air pollution, water pollution, global warming, not enough of disposal landfill, more endanger species. Blockchain improved many of our life, can it also help with these problem?
Yeah they is so many way blockchain can help so... For environmental It can be difficult to track the real impact of environmental treaties, and sometimes there isn’t an incentive for governments or corporations to keep their promises. Fraud and manipulation of data are also problems in this area.
Blockchain could discourage corporations and governments from back-pedalling on their environmental promises or misreporting their progress, because the technology would allow to transparently track important environmental data, and show whether commitments were met. Once the data is entered into the public blockchain, it stays there forever.
Legal document storage on the blockchain could cut down on fraud and manipulation, for example within the global carbon credits scheme. Around 979 million is spent annually on administrate this system alone. If you have an immutable record of credits bought and sold, then there is little chance of corporations and governments looking the other way when carbon credits are bribed or sold illegal.
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