Blockchain technology has been discussed in many climate change conferences, such as COP26, and it seems that the power the technology harnesses can be effective in the battle against climate change.
NFT-based carbon credits, whose issuers will have access to the blockchain, enabling users to track, trade, and burn credits so that there is no double counting.Another NFT use case is DigitalArt4Climate, a multi-stakeholder partnership initiative that uses blockchain technology to turn art into digital assets or NFTs, which can be collected and traded, unlocking the potential for resource mobilization, youth engagement and climate empowerment.
DCarbon founder Adi K. Mishra points out that you can also use gameplay to incentivize widespread positive climate action. GreenApes deploys gamification to help people understand their carbon footprint, and we can expect to see more games where people can play to earn for climate action.Blockchain technology will be a critical tool for measurement and reporting in combination with artificial intelligence and the Internet of Things with large-scale interconnected databases — e.g.
The views, thoughts and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.is the chairperson of Kasei Holdings, an investment company specializing in the digital asset ecosystem. She holds a Ph.D.
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