There has been a lot of hype about blockchain technology – in particular, its potential to transform how humans transact, which could fundamentally redefine how business, governments and society operate. Despite this hype, it is still a nascent technology with considerable challenges that need to be overcome. As the technology matures and is applied across a wider set of sectors and systems, there is both a challenge and an opportunity to realize blockchain’s potential – not just for finance or industry, but for people and the planet.
This report outlines how blockchain could disrupt the way the world manages environmental resources and help drive sustainable growth and value creation. It identifies more than 65 use-cases where blockchain can be applied to the world’s most-pressing environmental systems challenges, along with eight ‘game changers’ where the technology could fundamentally disrupt current systems and approaches. To date, these opportunities remain largely untapped by developers, investors, and governments, yet they represent an opportunity to unlock and monetize value that is currently embedded in environmental systems.
The report also highlights many of the current challenges that need to be addressed, outlines a set of principles for developing blockchain applications for the environment, and identifies the need for global platforms to incubate a responsible blockchain ecosystem.
This post was first published on weforum.org, where you can also download the 37 page report as PDF. Pictures in this post are courtesy of pexels.com and bitcoinmagazine.com.
