Blockchains to Help Save the Environment

Digital currency, internet money, or better known as cryptocurrency is rising in popularity that it can already be spent for shopping, dining, and even for booking flights which is why Telegram Crypto groups stay updated with the most recent updates and news regarding the cryptocurrency world. One of the most prevalent cryptocurrency is bitcoin. Experts who observe and study this digital currency forecasts that a single bitcoin will soon be valued at $2,000. Blockchain is used by to make transactions utilizing these cryptocurrencies. In the economy of cryptocurrencies, the blockchain causes financial agencies such as banks and credit cards to be functionless.

Guillaume Chapron, a conservation biologist, debates that blockchains can help save the Earth. What a blockchain does is to designate any information a one of a kind signature. If anyone changes or modifies that data, that unique signature will not function anymore. This will give you a hint that there is something amiss happening. Any transaction attempt using these cryptocurrencies are studied and evaluated to guarantee the uniqueness of each. This can also be useful somewhere else. For instance, Walmart released a test to combat food poisoning and food wastage utilizing a blockchain. With this blockchain, food is tracked and traced starting from the supplier to it being shelved. For example, there was an outbreak of Cyclosporiasis strikes a city in California. The supply blockchain of Walmart would then unquestionably track the contaminated goods back to a fresh produce farm in Iowa.

“One reason why we have environmental crises, like the overexploitation of natural resources, and pollution, is because the global economy is full of actors who are doing business without much accountability,” states Chapron. “When you go buy something, you have no idea where it comes from, how it’s made. There are so many intermediaries, and it’s very easy to cheat.” Cheating, in this scenario, suggests that there are many companies who are dishonest about where they discard their refuse. While actors can be any individual including nations.

Guillaume Chapron also pointed out the ownership of land. Several countries swore and assured land to the natives or indigenous peoples, only to break their word and take back the land once they have discovered that it houses very abundant natural resources that they can profit from for instance oil. “Governments have been known to make up completely new land registries and say, ‘Hey, this land is ours and nobody lives here,'” says Chapron. This kind of dual dealing wouldn’t be plausible if the registry of land of a country is filed and kept in blockchain. In fact, some countries now doing this.

Check out this video on how blockchains can save the environment.

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