The results of research by the World Economic Forum (WEF) shows that there are more than 65 ways we can use to improve an environmental situation by using blockchain technology. We beg to differ. There must be thousands. However, they’re right about the fundamentals: Blockchain holds people accountable, can help mitigate disasters, and can cut inefficiencies tht cost fuel and use the world’s resources.

1. Blockchain-based ecosystems can be developed by international platforms.

For example, these networks could decentralize the management of natural resources like energy and water and even help to promote greater sustainability by creating supply chains.

2. New funding mechanisms could be provided for raising money that is expected to be required.

Now there are some blockchain projects that are already solving such problems as the ecologically rational consumption of tuna stocks by tracing fish from the place of fishing to the store and also researching on possible ways to reduce greenhouse gas emissions and increase the number of projects related to the spread of solar energy through distributed trade.

3. Regulation of 6 primary areas of environmental concern

The research identifies six areas that can be positively improved by blockchain technology: climate change, oceans, water security, clean air, biodiversity and conservation of endangered species and resistance to weather and disasters problems.

While the cases of using blockchain technology are mainly aimed to transform the financial industry, where companies and investors are at the center of attention, this financial string of suppliers, natural resource providers, refineries and processors, and finally, transportation can all be made more efficient, and hence more sustainable, with blockchain.

Celine Herweijer, a partner at PwC UK is convinced that еhere is a great opportunity to use this emerging technology in a new way to help achieve great success in the field of environmental protection. The conclusion of a research shows that blockchain has big potential.

We believe blockchain technology, even in the “less noble” the world of cryptocurrency and trading, will change our reality. We already aim to help millions of crypto enthusiasts safely navigate the waters of investment so they can be more successful, follow their passions, and make a living for themselves and their families anywhere they choose. Nothing says “sustainability” like that kind of freedom.

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