TL; DR
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Last week, blockchain companies showed up at the United Nations Climate Change Conference in Dubai and helped break the stereotype that blockchain is bad for the environment.
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For example: Technology Innovation Institute (TII) has a blockchain-powered platform that would enable carbon trading… and help in the drive for net-zero emissions.
Full story
Growing up, we had a buddy (Kyle) who was labeled a “bad egg” by many parents around us.
Not because He was, but because his older brother used to be.
It was a ‘guilty by association’ type thing.
That’s pretty much what happened with the crypto industry and net-zero emissions targets.
Bitcoin (the big brother of all other coins/tokens) is a ‘bad egg’ when it comes to emissions.
…but the majority of crypto tokens are ridiculously energy efficient in comparison.
Last week, at the United Nations Climate Change Conference in Dubai, blockchain companies showed up and helped break the stereotype.
The aim of this conference is to join forces on initiatives such as reducing the carbon footprint, and to stimulate green investments.
Stereotype or no stereotype, blockchain technology may feel out of place at such a conference, but it is actually well suited to support many green initiatives…
For example:
Technology Innovation Institute (TII) has a blockchain-powered platform that would enable carbon trading… and help in the drive for net-zero emissions.
This platform allows companies to create tokens that track the amount of Co2 they have removed from the environment (tokens that are tracked and traded on open and auditable blockchains!).
Crypto and green investments go hand in hand.
Who would have thought that!