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WEF Report: Blockchain technology of over 65 ways can address environmental challenges

A new report from the recently published World Economic Forum has identified more than 65 ways in which blockchain can be applied to the most serious environmental challenges in the world and the report requires new global platforms to incubate "responsible blockchain ecosystems" rather than simple applications or company.

Made in collaboration with PwC and published at the Global Climate Action Summit in California, Building Block (chain) for Better Planet also identifies eight game-changers in which technology can radically transform the way the world manages its natural resources . It ranges from decentralization of natural resource management such as energy and water, to creating more transparent supply chains that promote greater sustainability and providing new mechanisms to increase the trillions of dollars needed to achieve growth sustainable and low-carbon economy. 19659002] "The potential of Blockchain to radically redefine the way business, government and society operate has generated considerable clamor," said Sheila Warren, Head of Blockchain and Distribute Ledger Technology at the World Economic Forum Center for the Fourth Industrial Revolution. "Despite this hype, there are many challenges to overcome – it is still a nascent technology undergoing rapid development, and now it is the right time for stakeholders to work together to ensure the development of blockchain solutions responsible for people and the planet. "

Celine Herweijer, Partner, PwC UK, added:" It's important for anyone thinking of developing or investing in a blockchain for the environment to take a step back and ask three essential questions: the blockchain will solve the problem. real, downside risks or unintended consequences will be managed in an acceptable way and will the right stakeholder ecosystem be built? "[19659002] Blockchain enabled solutions are currently being studied to improve the sustainability of global supply chains and could help to overcome illegal activities by tracking the fish from "bait to slab" or products such as palm oil, beef and soy from "farm" at the table". This transparency is crucial for influencing consumer decisions, updating supply chain practices and triggering new governance arrangements. Blockchain-enabled smart contracts could, for example, be used to support innovative ownership agreements that confer specific rights to communities or fishermen

According to the report, these and other opportunities have been largely unused by developers, investors and governments, and represent an opportunity to unlock and monetize the value that is currently embedded in environmental systems.

If exploited in the right way, blockchain has significant potential to enable the transition to cleaner, resource-rich decentralized solutions, unlock natural capital and empower communities. This is particularly important for the environment, where the tragedy of common goods and the challenges of non-financial value prevail.

"If history has taught us anything, it's that these transformational changes will not happen automatically," said Dominic Waughray, head of the World Economic Forum & # 39; s Center for Global Public Goods. "It will require deliberate collaboration between different stakeholders, from technology industries to environmental policymakers, and will need to be supported by new platforms that support these stakeholders to advance not only a technological application, but the change of systems that will allow it

Building Block (chain) s for a better planet is part of a series of reports of the fourth project of industrial revolution for the Earth, carried out in collaboration with the World Economic Forum Center for the fourth industrial revolution. [19659002] Read the full report here

About Richard Kastelein

Founder and publisher of the industrial publication Blockchain News (EST 2015), partner of the service collective ICO CryptoAsset Design Group ($ 500m + and 50+ ICO) , director of the training company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelei n is an award-winning publisher, innovation and repreneur manager.

He served on the advisory councils of some dozens of startups Blockchain
and wrote over 1,500 articles on Blockchain technologies and
at Blockchain News and also published pioneering articles on ICOs in Harvard Business Review and Venturebeat [19659011] Ad honorem – Honorary Phonor – Chairman Professor of Blockchain
The first Chinese Blockchain University in Nanchang at the Jiangxi Ahead Institute of Software and Technology
. In 2018 he was invited to attend the Saïd Business School for Business of the University of Oxford
automation program 4.0. Chevalier (Knight) – Ordre des Arts et des
Technologies at the Crypto Chain University and advisory committee advisory committee Member of the international decentralized cryptocurrency and blockchain association (IDABC) as well as member of the advisory committee of the US Blockchain Association . [19659013] Experience for over half a decade judging and rewarding more than 1000 innovation projects
as an EU expert for the European Commission's instrument program
as a startup evaluator and starting judge for
Innovate UK of the British government division. Kastelein spoke
(keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, ​​Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, The Hague, Helsinki, London (5x), Manchester, Minsk, Nairobi, Nanchang, San Mateo, San Francisco, Santa Clara, Shanghai, Singapore (3x), Tel Aviv, Utrecht, Venice, Visakhapatnam, Zwolle and Zurich

Its network is global and extensive. He is Canadian (Dutch / Irish / English / Métis) whose career as a writer ranges from the Canadian Native Press (Arctic) to the Caribbean and Europe

. He wrote occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin .com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.

A journalist by trade, an entrepreneur and a heart adventurer,
Kastelein's professional career has ranged from political publishing to
Television technology, boat building to judge start-ups, yachts that exceed the
marketing and more as he travels for nearly 30 years as a Canadian
expatriate who lives all over the world

At age 20, he traveled the world in a small yacht and wrote a series of articles of travel
entitled "The Hitchhiker & # 39; s Guide to the Seas"
traveling by hitchhiking on yachts (1989) in the main travel publications and
yachting.

He currently lives in Groningen, the Netherlands, where he raised three teenage daughters with his wife and sailing partner, Wieke Beenen.

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