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Can the Blockchain Help Fight Climate Change?
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- Опубліковано 7 лют 2023
- Do you know whether that eco toothbrush you bought is really eco? Modern supply chains have become so complex, it’s difficult to know if the products we purchase are sourced responsibly. What if the blockchain - the technology behind non-eco-friendly cryptocurrencies - could help? Earthrise Studio's Jack Harries has more.
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Blockchain still in search of a problem
What's with Bloomberg Originals? Are they paid by bitcoin to come up with all those puff pieces?
when there is fraud in transit : say somebody falsifies a container log, it's always at the data entry stage not modifying existing entries where fraud happens. Bloomberg falls in the same trap of saying the data on blockchain will be secured, but it's the data you put in the blockchain that is the problem.
the transparency part makes sense.
But to make a product appear on the blockchain with the full transparency of the process of production, the manufacturer must be willing to "upload" and make available the data on the blockchain, right?
Yeah, and no producer is eager to part with proprietary data and that might also expose their trade secrets. Think of Nutella, Coca Cola and other products which outcompete others with marginal advantages in taste and other characteristics.
@@watershed8685 I can also imagine companies who don't want to disclose where they get their "deals" for the materials, etc.
Correct, the producer or seller must decide what parts of the supply chain they want to put. You don’t put everything, just the important bits like conformity certificates that can be validated by outside parties. And digitizing the process also helps a lot versus the old paper trail ways
Massive BS
Total nonsense
no
Blockchain is a scam
New title: Can Blockchain waste its money? 💰🚫
I really don't have any ideas who are those chains and layers are tackling the physical ecosystem, but one thing I am really sure of, the CLEO tech is finding solutions to resolve plaques from this carbon footprint also this project aims to have market affordable computing solution in which to help brands engage with their target market while reducing the cost of marketing.
Blockchain, a solution in desperate need of a problem.🙄
True KLIMA DAO works bringing the voluntary carbon market into the blockchain and the Regen network uses the blockchain to sustain environmental projects off chain
Put fake information in the blockchain.... done.
I don't really care if the products I use are sourced unsustainably.
In a word: "No."
Blockchain... How about energy expenditure to create it?
Private blockchains, such as Hyperledger, are mostly used in enterprise settings. Those are not energy intensive.
Climate-friendly crypto solutions are already available
Let's see, we have solar, wind and nuclear power right here today. Why not, instead of hoping for the next big thing, we just use what we already have?
Blockchain will also decentralize the profits hence the use case is only for nonprofit
You made no distinction between distributed ledgers (technology that JP Morgan has been actively using for settlements since 2015) and “cryptocurrencies”, which largely give the space a poor reputation. You also made no attempt to cover climate projects built on DLT. This was ultimately not informative.
no