In a recent report, the World Economic Forum outlines blockchain’s potential to transform how humans transact. This could redefine how business, governments and society operate.
Despite its huge potential however, blockchain remains a fairly recent technology, that has many challenges that need to be overcome. Nevertheless, if these obstacles are passed, blockchain could benefit the people and the planet.
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According to the report, blockchain could disrupt the way the world manages environmental resources and help increase sustainable growth and value creation.
Namely, there are over 65 cases where blockchain can be applied to the world’s most-pressing environmental systems challenges, along with eight ‘game changers’ where the technology could disrupt current systems and approaches.
Currently, developers, investors, and governments have not explored these opportunities, which are able to unlock and monetize value that is currently included in environmental systems.
The report also highlights many of the current challenges that have to be addressed, and presents a set of principles for developing blockchain applications for the environment.
Finally it identifies the need for global platforms to adopt a responsible blockchain ecosystem.
You can see more in the PDF herebelow
