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Cryptocurrency News Today: What Is Blockchain Technology: Will It Help Improve Global Carbon Markets?
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Blockchain technology may make it easier to track and report emission reductions
The mighty blockchain technology is not just the bedrock of cryptocurrencies like bitcoin. The technology - in simple terms, a decentralised publicly distributed ledger consisting of blocks which record transactions - is also being seen as an important tool in managing the carbon markets.
The overwhelming reason being the transparency and safety that the technology provides.
In fact, a 2019 research paper,
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