World Economic Forum White Paper: Blockchain Technology Can Contribute to Addressing Climate Change
ChainCatcher news, the World Economic Forum (WEF) recently released a white paper explaining how blockchain can provide the infrastructure needed to address climate change "in terms of speed and scale."According to the white paper, the value of blockchain to the climate action community can be categorized into four areas. First, blockchain can "enhance trust and ambition" in climate negotiations. It can also improve market transparency and credibility, and provide more funding for project developers. Finally, the WEF stated that digitization makes climate action "democratized."Brynly Llyr, Head of Blockchain and Digital Assets at the WEF's Crypto Impact and Sustainability Accelerator (CISA), emphasized the importance of considering and researching emerging technologies as tools to help combat climate change. He stated, "Global climate infrastructure, tools, and coordination technologies can help us keep pace with the changing Earth ecosystem. This is where blockchain and shared infrastructure technologies can play a role." (source link)