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Tag Archives: Solutions to Environmental Problems

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World Economic Forum Touts Blockchain as a Solution to Environmental Concerns

  by David Drake    The wave of typhoons and hurricanes experienced last month clearly demonstrate that climate change is already here with us. Hong Kong experienced the ‘King of Storm’ at Category 10. An article published on the New York Post argues that global warming is making hurricanes more intense. Amidst all these environmental challenges, a report released by the World Economic Forum (WEF) shows that blockchain technology can help tackle pressing environmental problems in the world including climate change and natural disasters. Titled ‘Building Block(chain)s for a Better Planet’, the report explores the implications of emerging technologies and the impact they can have on the global society. Blockchain technology remains underutilized in the environmental sector. It has captured the attention of supply chain management and financial structures. It has also powered numerous startups across sectors including Noiz Chain in the interactive marketing space, LiveTradr in the portfolio optimization ... Read More »

The Real Reason Blockchain Technology Could Help Address Environmental Challenges

  by David Drake     In the last two years, the popularity of blockchain has grown in leaps and bounds. In 2018, the technology has formed the foundation on which startups like Noiz Chain and Epic Mega have built their marketing and entertainment content solutions. However, its potential is yet to be fully utilized according to a World Economic Forum (WEF) report developed by PwC. One of the areas where blockchain has not been applied – but has huge potential – is the environmental sector. The WEF report, titled, ‘Building Block(chain)s for a Better Planet’, highlights more than 65 blockchain use cases in addressing environmental challenges facing the world today. Just last month,  a wave of hurricanes and typhoons were experienced in the US and Asia. These natural activities are proof that climate change is real and are likely to become rampant should global warming continue. As such, there is ... Read More »

What Prospects Does Blockchain Offer in Solving Environmental Problems?

  By David Drake   Blockchain is seen to be a technology that has potential to handle diverse prospects and challenges in different sectors. As a matter of fact, the technology is already powering solutions such as portfolio optimization by LiveTradr, entertainment content platform by EpicMega  and interactive marketing by Noiz Chain. By solving these challenges, blockchain provides an opportunity for development of new solutions and investment opportunities. Just recently, the World Economic Forum (WEF) launched a report that identifies 65 blockchain use cases  in the environmental sector. The report highlights overall benefits of blockchain application in the sector including decentralized systems, reduced costs, transparency in tracking, efficient monitoring, new markets for investors and reliable transactions. With these benefits, it is highly likely that developers, businesses and investors will find value in utilizing the technology to address key environmental challenges. According to Raghav Reggie Jerath, CEO of Gath3r, the various ... Read More »

Can Blockchain Technology Help with Building a Better Planet?

  By David Drake   Since the industrial revolution in the 1950s, there have been numerous gains in various economic facets, including agriculture and manufacturing. Unfortunately, these gains have also yielded unintended consequences for the environment due the loss of biodiversity and habitats leading to global warming and climate change. As such, the fourth industrial revolution has to help address these environmental challenges and manage shared resources efficiently to ensure sustainable development. To realize this, technology will have to play a key role in enabling these efforts. Just recently, the World Economic Forum (WEF) released a report dubbed ‘Building Blockchain for a Better Planet’ showing the potential that blockchain technology has to help tackle the world’s most pressing environmental problems, including climate change and natural disasters. Numerous Use Cases The WEF report identified more than 65 existing and emerging use-cases of blockchain technology in addressing environmental problems. Examples of areas ... Read More »

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