Technology hasn’t always been the climate’s best friend. From the industrial revolution that forever changed our relationship to the planet, to modern devices that mean we’re constantly consuming energy and adding to mountains of electronic waste, every human step into the future seems to put Earth in greater jeopardy. But the so-called 4th Industrial Revolution — the latest boom of technological innovation — could buck that trend. Blockchain is at the forefront of the movement. Apparently incorruptible, this public ledger allows transparent, global worldwide digital transactions. And it could boost climate action. Peer-to-peer exchanges and direct tracking of products reduce costs and increase trust. The technology can also be used to reward climate action. Even the United Nations Framework Convention on Climate Change is backing the Climate Chain Coalition platform to help monitor countries’ progress on cutting emissions and mobilize climate finance. Transparent supply chains Tracing the entire supply chain behind “green” products is often close to impossible. But blockchain-based apps like Foodtrax enable consumers to follow products from source to store shelf. Watch video 02:28 The impact of illegal fishing in Ghana Multinational supermarket chain Carrefour is already using a similar system that means customers can scan packaging for detailed information on… Read full this story
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