Problems that a Blockchain solve for the environmental sector
There have been a few projects already dealing with the air pollution in places like Taipei. PowerLedger is an Australian project helping to solve the challenges associated with the production and trade of alternative energy. Other projects are planned to tackle marine, soil and land pollution and deforestation.
Need for Blockchain in the environmental sector
When it comes to pollution, blockchain has the potential to help increase compliance with environmental laws, track repeat offenders, create a system for anonymous whistle blowing for companies that pollute the environment, as well as help measure the effect of such events on the environment.
On the solution end, blockchain technology can increase transparency, efficiency, and accountability of environmental projects.
The top use cases for Blockchain in the environmental sector
- WWF (World Wildlife Fund) is looking to stop illegal and unsustainable fishing practices in the Pacific Island tuna industry with the aim to stop unregulated or illegal fishing and human rights abuses in the tuna industry.
- An NGO based out of Uganda, Care for the Uncared (CfU), is planning to use blockchain technology for preservation and protection of endangered species such as Blue Whales, Sea Otter, Indian Tiger, Giant Panda, Asian Elephant, and many more.
List of top companies using blockchain to disrupt the environmental sector