How can blockchain help in the environmental crisis ?

economictimes.indiatimes.com:

blockchain. From a technology point of view, blockchain is a digitally distributed, decentralized ledger that helps track and verify transactions. Even though blockchain is well known for the technology behind cryptocurrencies such as Ethereum and Bitcoin, environmental researchers are now finding its use in solving the climate crisis, ranging from tracking the sustainability of products to monitoring pollution. In this article, we will explore how blockchain technology can help to combat the environmental crisis.

Did you Know?

Asia’s first crypto exchange-traded fund (ETF) could be launched in India’s GIFT City this year by Torus Kling Blockchain

Guide for investors Investments that involve large, international sustainable development projects have become highly complicated, causing delays and backlogs. Blockchain-enabled processes and platforms can manage transactions highly effective and efficient. Due to this reason, sustainable development and other climate-related initiatives are desirable for investors. Blockchain-enabled processes and platforms can help manage stakeholders that work in different capacities. This will help increase efficiency, reduce transactions and make climate-related sustainable development highly beneficial for private investments. According to a report by the United Nations Environment Programme (UNEP), blockchain's distributed ledger technology can provide significant improvements by allowing investors, renewable energy project developers, and purchasers to collaborate on a common platform with established global standards for compliance due diligence. South Africa-based renewable energy startup Sun Exchange allows anyone with an internet connection to purchase