$125B CORPORATE GIANT WILL USE BLOCKCHAIN TECH TO COMBAT GLOBAL WARMING
The fight against global warming is intensifying, and corporations are increasingly stepping up to take responsibility. iframe src= gtm_auth=tfAzqo1rYDLgYhmTnSjPqw gtm_preview=env-130 gtm_cookies_win=x height= 0 width= 0 styleOne notable example is a staggering $125 billion corporate giant that has committed to utilizing blockchain technology to achieve a deforestation-free supply chain by 2025. Jim Messina. Director. Jim Messina is perhaps the world s most successful political and corporate advisor notably he was President Obama s campaign manager in 2025 and then served as the White House Deputy Chief of Staff, where he was integral to the passage of the historic health care bill, the economic stimulus act credited with saving the US economy, and the landmark repeal ofThis marks a significant turning point, demonstrating the potential of innovative technologies to drive sustainable practices on a global scale. One study warned that Bitcoin could push global warming beyond 2 C. Another estimated that bitcoin mining in China alone could generate 130 million metric tons of CO2 by 2025. With more mining moving to the U.S. and other countries, however, this amount could grow even larger unless more renewable energy is used.But this is just one facet of how blockchain is becoming a vital tool in the climate action arsenal.
The intersection of blockchain and climate innovation is rapidly evolving, offering immense potential to scale climate action globally and support progress towards a decarbonized future. The intersection of blockchain and climate innovation is rapidly evolving, with the potential to scale climate action globally and support progress towards global decarbonization. In this period of rapid evolution, there is a growing need to better understand the opportunities and limits of blockchain and narrow the gap betweenFrom enhancing transparency in carbon credits and accurately tracking emissions to facilitating decentralized renewable energy markets, blockchain offers a unique suite of solutions. $125 B Corporate Giant Will Use Blockchain Tech to Combat Global WarmingUnderstanding the opportunities and limitations of this technology is crucial to bridging the gap between theoretical applications and tangible real-world impact.As new technologies like Artificial Intelligence (AI), the Internet of Things (IoT) and, of course, blockchain become more prominent, the demand for sustainable and efficient solutions grows, making the adoption of blockchain for climate action more relevant than ever.Let's delve into how this technology can help us combat global warming and create a more sustainable future.
Understanding the Promise of Blockchain for Climate Action
Blockchain, at its core, is a decentralized, distributed, and immutable ledger technology.This unique architecture offers several advantages that are particularly valuable in the context of climate action. There is unequivocal evidence that Earth is warming at an unprecedented rate. Human activity is the principal cause. Earth-orbiting satellites and new technologies have helped scientists see the big picture, collecting many different types of information about our planet and its climate all over the world.Its transparency, security, and efficiency can address some of the key challenges hindering current efforts to mitigate climate change.Here's a closer look at some of the promising applications:
- Transparency and Traceability: Blockchain enables the tracking of products and materials across complex supply chains, ensuring accountability and preventing deforestation or other environmentally damaging practices.
- Carbon Credit Markets: Blockchain can enhance the integrity and efficiency of carbon credit trading by providing a transparent and secure platform for tracking and verifying carbon offsets.
- Renewable Energy Trading: Blockchain facilitates peer-to-peer trading of clean energy, enabling consumers to buy and sell renewable energy directly from producers.
- Climate Finance: Blockchain can streamline climate finance flows, making it easier to track and verify investments in climate mitigation and adaptation projects.
How Blockchain Can Achieve Deforestation-Free Supply Chains
One of the most impactful applications of blockchain in combating global warming is its ability to create deforestation-free supply chains.Deforestation is a major contributor to climate change, releasing vast amounts of CO2 into the atmosphere and disrupting ecosystems. Smart contracts running on blockchains can unlock new ways to fight climate change and its impact. Here are 3 examples that showcase this new technology.Here's how blockchain can make a difference:
- Tracking and Verification: Blockchain can be used to track timber, agricultural products, and other commodities from their origin to the end consumer, ensuring that they are sourced sustainably and legally.
- Supply Chain Transparency: By providing a transparent and immutable record of all transactions, blockchain makes it easier to identify and prevent deforestation-related activities in the supply chain.
- Empowering Local Communities: Blockchain can empower local communities to participate in sustainable forest management by providing them with access to markets and ensuring that they receive fair compensation for their efforts.
For example, the $125 billion corporate giant aiming for a deforestation-free supply chain is likely implementing a system where every step of their supply chain is recorded on a blockchain. $125-billion corporation will use blockchain to achieve deforestation free supply chain by 2025. June 15, Unilever unveiled a $1 billion initiative aimed at fighting climate change in whichThis includes tracking the origin of raw materials, verifying sustainable farming practices, and ensuring that no deforestation is involved in the production process. Investigating how blockchain can incentivize a planet-positive economy focused on financing regeneration and climate action at scale, the paper calls for thoughtful coordination, meaningful action, education and regulation to accelerate the adoption and implementation of blockchain across decarbonization sectors.This level of transparency builds trust with consumers and stakeholders, demonstrating a commitment to environmental responsibility.
Blockchain and Carbon Credit Markets: Enhancing Transparency and Integrity
Carbon credits are a key mechanism for incentivizing emissions reductions, but the current system is plagued by issues of transparency and verification.Blockchain can address these challenges by providing a secure and transparent platform for tracking and trading carbon credits.Here's how:
- Improved Tracking: Blockchain allows for the accurate tracking of carbon credits from their creation to their retirement, ensuring that they are not double-counted or used fraudulently.
- Enhanced Verification: Blockchain can be used to verify the authenticity and accuracy of carbon offset projects, reducing the risk of ""greenwashing"" and ensuring that carbon credits represent real emissions reductions.
- Increased Liquidity: Blockchain can create a more liquid and efficient carbon credit market by reducing transaction costs and streamlining the trading process.
Example:
Imagine a project that plants trees to offset carbon emissions.Using blockchain, each tree planted can be assigned a unique digital identity. Many people are working on ways to make blockchain technology greener and less of a contributor to global warming. Using renewable energy sources like solar, wind, or hydropower is one option forThe growth and carbon sequestration of each tree can then be tracked and verified using sensors and satellite imagery, with the data recorded on the blockchain. Leaders in technology and the environment at COP29 in Baku endorsed on Saturday a declaration pledging to use digital technologies to accelerate climate action while reducing the carbon and pollution footprints of tech manufacturing and tackling the growing problem of e-waste.This creates a transparent and verifiable record of the carbon offset, increasing trust and confidence in the carbon credit market.
Decentralized Renewable Energy Markets: Empowering Consumers and Producers
Blockchain is also playing a role in facilitating decentralized renewable energy markets. This paper is an output of the Crypto Sustainability Coalition s Working Group on Web3 Climate Action, exploring the relationship between blockchain innovation and climate action, focusing on real work examples and use cases.This means that consumers can buy and sell renewable energy directly from producers, without the need for intermediaries.This can empower consumers, reduce costs, and accelerate the adoption of renewable energy.
Here are the benefits of using blockchain in renewable energy markets:
- Peer-to-Peer Trading: Blockchain enables peer-to-peer trading of renewable energy, allowing consumers to buy surplus energy from local producers, such as homeowners with solar panels.
- Reduced Transaction Costs: By eliminating intermediaries, blockchain can reduce transaction costs and make renewable energy more affordable.
- Increased Grid Resilience: Decentralized energy markets can increase grid resilience by distributing energy generation and reducing reliance on centralized power plants.
Smart Contracts and Climate Change: Automating Sustainable Practices
Smart contracts, self-executing agreements written in code and stored on the blockchain, can unlock new ways to automate sustainable practices. Global warming has the potential to worsen flooding because warmer air can hold more water, which can then fall as rain. However, flooding is a complex phenomenon with many contributing causes.These contracts can be programmed to automatically enforce environmental regulations, incentivize sustainable behavior, and track progress towards climate goals.
Examples of Smart Contracts in Climate Action:
- Automated Compliance: Smart contracts can be used to automatically enforce environmental regulations, such as emissions limits or deforestation restrictions.If a company exceeds its emissions limit, the smart contract can automatically impose a penalty.
- Incentivizing Sustainable Behavior: Smart contracts can be used to incentivize sustainable behavior, such as reducing energy consumption or adopting sustainable farming practices. Amid renewed warnings from leading climate scientists that global warming could reach 3C above pre-industrial levels this century, the head of the UN World Meteorological Organization (WMO) insisted on Wednesday that new technology and AI offer the opportunity to implement the drastic action needed to resist the existential crisis.For example, a smart contract could automatically reward individuals who reduce their energy consumption below a certain threshold.
- Tracking Progress Towards Goals: Smart contracts can be used to track progress towards climate goals, such as reducing carbon emissions or increasing the use of renewable energy.The smart contract can automatically collect data on progress and report it to stakeholders.
Addressing the Challenges: Energy Consumption and Scalability
While blockchain offers significant potential for climate action, it also faces some challenges.One of the main concerns is the energy consumption of some blockchain networks, particularly those that use a proof-of-work consensus mechanism. Here are a few ways in which blockchain can help combat climate change. Bring it on, Global Warming! The United Citizens Organization launched an initiative during Cop26 to help combat climateThis mechanism requires significant computational power, leading to high energy consumption and carbon emissions.
However, many newer blockchain networks are using more energy-efficient consensus mechanisms, such as proof-of-stake. [31] recommended expanding the use of blockchain in the climate-responsible finance sphere to slow global warming [32]. revealed a severe barrier to blockchain development through the example of the food service industry resistance to blockchain adoption. The scholars substantiated the significant role of restraint of public pressure andThese mechanisms require significantly less energy, making blockchain a more sustainable technology. Deforestation is the main land use change contributor to global warming, [129] as the destroyed trees release CO 2, and are not replaced by new trees, removing that carbon sink. [130] Between 20, 27% of deforestation was from permanent clearing to enable agricultural expansion for crops and livestock.Furthermore, efforts are underway to power blockchain networks with renewable energy, further reducing their carbon footprint.
Scalability is another challenge facing blockchain. Striking a New Deal: How Africa s CEOs are reshaping the continent s global voice; 14-May-2025 New York, United States of America Equality rings out around the world as stock exchanges join forces in a stand for LGBTIQ inclusion ; 11-Apr-2025 Kampala, Uganda UN Global Compact and private sector move to accelerate progress on SDGs in AfricaSome blockchain networks can only process a limited number of transactions per second, which can limit their ability to handle large-scale climate action initiatives. Blockchain.com is the world's most popular way to buy bitcoin, ethereum and more with trust. Securely store, swap, trade and buy the top cryptocurrencies. Wallet;However, researchers are working on new scaling solutions that can increase the throughput of blockchain networks, making them more suitable for climate applications.
Mitigating Blockchain's Carbon Footprint:
- Transition to Proof-of-Stake: Encourage the adoption of proof-of-stake consensus mechanisms, which are far more energy-efficient than proof-of-work.
- Renewable Energy Integration: Power blockchain networks with renewable energy sources, such as solar, wind, and hydropower.
- Optimize Code: Improve the efficiency of blockchain code to reduce energy consumption.
The Role of Technology and AI in Supporting Blockchain's Climate Impact
As the head of the UN World Meteorological Organization (WMO) emphasized, new technology and AI offer opportunities to implement the drastic action needed to resist the existential climate crisis. Emerging technology news insightsIntegrating AI with blockchain solutions can significantly amplify their effectiveness. For more than a century, IBM has been a global technology innovator, leading advances in AI, automation and hybrid cloud solutions that help businesses grow. Advance your FinOps journey Make the most of your tech dollars by maximizing performance and managing costs across any cloud environmentAI can analyze vast datasets to identify patterns, predict climate impacts, and optimize resource allocation. Energy use in blockchain systems, scalability, and regulatory uncertainty are critical barriers to blockchain s widespread adoption for climate goals. With continued innovation, like renewable-powered blockchain operations, the technology can significantly contribute to combating climate change.When combined with the transparent and secure nature of blockchain, this creates a powerful tool for climate action.
For instance, AI can be used to monitor deforestation in real-time using satellite imagery and then trigger smart contracts on the blockchain to automatically enforce penalties for illegal logging.Similarly, AI can optimize the performance of renewable energy grids by predicting energy demand and matching it with supply, while blockchain ensures transparent and secure energy trading.
Collaboration and Education: Key to Widespread Adoption
For blockchain to reach its full potential in combating global warming, collaboration and education are crucial. As new technologies emerge, like artificial intelligence (AI), blockchain and the Internet of Things (IoT), more power is required to keep up with consumption. Data centers the physical locationsThis involves bringing together stakeholders from various sectors, including governments, corporations, NGOs, and academia, to develop and implement blockchain-based climate solutions.
Furthermore, it is essential to educate policymakers, businesses, and the public about the benefits of blockchain for climate action.This can help to increase awareness and adoption of this technology, leading to a more sustainable future. Blockchain technology can be used to develop peer-to-peer trade of clean energy, for certified and facilitated transactions among consumers. For climate action, Blockchain technology could be used in the following specific ways: Improved carbon emission trading: Blockchain could be used to improve the system of carbon asset transactions.Jim Messina, a prominent political and corporate advisor, emphasized the importance of integrating innovative technologies into policy and business strategies to drive meaningful change.
Steps to Foster Collaboration and Education:
- Public-Private Partnerships: Encourage collaboration between governments and private companies to develop and deploy blockchain-based climate solutions.
- Educational Programs: Launch educational programs to teach policymakers, businesses, and the public about the benefits of blockchain for climate action.
- Open-Source Development: Support the development of open-source blockchain platforms for climate applications, making them accessible to everyone.
COP29 and the Future of Digital Technologies in Climate Action
The endorsement of a declaration at COP29 in Baku, pledging to use digital technologies to accelerate climate action, signifies a growing recognition of the role of technology in addressing climate change. Scientists attribute the global warming trend observed since the mid-20 th century to the human expansion of the greenhouse effect 1 warming that results when the atmosphere traps heat radiating from Earth toward space.This includes not only blockchain but also AI, IoT, and other digital innovations. In this blog, we will explore how blockchain technology can help combat climate change, from its ability to improve transparency in carbon credits and track emissions, to its role in facilitating decentralized renewable energy markets.The declaration also emphasizes the need to reduce the carbon and pollution footprints of tech manufacturing and tackle the growing problem of e-waste.This is crucial for ensuring that the use of technology for climate action is itself sustainable.
As we move forward, it is essential to continue investing in research and development of sustainable digital technologies and to promote their adoption across all sectors of society. of blockchain and climate innovation. Scope of work The intersection of blockchain and climate innovation is rapidly evolving, with the potential to scale climate action globally and support progress towards global decarbonization. In this period of rapid evolution, there is a growing need to better understand the opportunities andBy working together, we can harness the power of technology to create a more sustainable and resilient future for all.
Practical Examples and Actionable Advice
To effectively leverage blockchain in the fight against global warming, individuals, businesses, and policymakers can take several actionable steps:
- Individuals: Support companies that are using blockchain to create sustainable supply chains.Choose renewable energy providers that utilize blockchain for transparent energy trading.Educate yourself and others about the potential of blockchain for climate action.
- Businesses: Explore opportunities to integrate blockchain into your operations, whether it's for tracking your supply chain, managing carbon emissions, or participating in renewable energy markets.Invest in research and development of blockchain-based climate solutions.
- Policymakers: Create a regulatory framework that supports the development and deployment of blockchain-based climate solutions.Incentivize the adoption of sustainable blockchain technologies and promote collaboration between different stakeholders.
Conclusion: Blockchain as a Catalyst for a Sustainable Future
The use of blockchain technology by a $125 billion corporate giant to achieve a deforestation-free supply chain is just one example of the immense potential of this technology to combat global warming.From enhancing transparency in carbon credit markets to facilitating decentralized renewable energy trading, blockchain offers a unique suite of solutions to address the climate crisis.While challenges remain, such as energy consumption and scalability, ongoing innovation and collaboration are paving the way for a more sustainable future.
Key takeaways:
- Blockchain can enhance transparency and accountability in climate action.
- Blockchain can facilitate decentralized renewable energy markets.
- Blockchain can be used to create deforestation-free supply chains.
- Collaboration and education are crucial for widespread adoption.
- Integrating AI with blockchain can amplify their effectiveness.
By embracing blockchain and other innovative technologies, we can accelerate the transition to a low-carbon economy and create a more sustainable future for generations to come.Consider exploring how you or your organization can leverage blockchain to contribute to this vital effort.The time to act is now.
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