A well-known blockchain personality from Frontier Technology Association and British Blockchain Jane Thomason emphasizes different ways of bringing the evolution of tech in the climate sector via current action goals of the blockchain. As per Thomason, the technology of blockchain is presently contributing to climate initiatives via non-fungible tokens (NFTs), management of the smart grid, projects of green digital assets, using decentralized autonomous organization, measurements, and reports, gamification for climate action.
Thomason also highlighted and explained that transparency is one of the built-in features of blockchain which can be used for the automation to detect the reward contributors and environmental contributions through tokens.
Measurement could be automated through blockchain and reward the positive contributors who are responsible for individual areas and this will also benefit the whole environment.
While discussing blockchainThioye also acknowledged blockchain benefits for climate action. He thinks that present green initiatives, in the long run, would definitely improve climate via gradual development. Although, bringing blockchain technology into the mix, this sector would be able to resolve the issues in the front.
If we blend for processing AI, for data production IoT and data transfer blockchain and unlimited storage capability use cloud computing and for increasing the speed use quantum computing, something extremely powerful could be built.
Al Haranki highlighted that action needed to empower climate is essential and an increase in collaboration and recognition in the sector is crucial. Although the youth leader who did not claim to be an expert on blockchain stated that she see the potential of the tech which could be used for climate action.
Al Haranki stated that we require to involve all the society members and youngsters in climate action to know more about what is happening. She also highlighted the requirement of providing the essential tools like public knowledge, training, and education for the prospects of the t coming generations.
Corner, the panel member from Cointelegraph, also described that the community of blockchain is not only distinguished by its transparency but also by its collaboration. As per Corner, this is demonstrated in lots of already available open-source tools which are brought by its community members.