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2.2 Blockchain as Game Changer for Environment
ОглавлениеTransformation in the existing environment ecosystem can be imported by the blockchain technology by adapting decentralized, efficient energy resources and water systems. Data like—how much water used at household level, how much energy required per area, etc. Eradication of the species from earth seems like becoming the trend, as the lessening of biodiversity at its peak. The ocean is becoming more acidic day by day as its plants are consuming greenhouse gases. As predicted by scientists by 2050 we will be having fall of 30–35% water as the water’s demand is increasing by 1% every year. Along with that, the Earth’s atmosphere circular system and climatic changes, deforestation rates, are also calculated that approx 7.5–8.5 million tons of plastic are present in the sea water which is effecting the food chain.
All these records can be maintained on the blockchain environment system with the help of smart sensors. The data which can’t be collected manually if collated contains partial information base on which decision makers of centralized organization and retailers make their conclusions. This inadequacy has been improved by blockchain technology by providing more informed decision making and transforming the centralized into the decentralized one. With the help of blockchain ecosystem we can easily trace and verify the renewable energy resources, P2P transaction, make value as dynamic plus to that balance of the demand side economy. This technology can be used as a base to make people aware of the natural calamities—it prepared the communities in advance for upcoming disasters. Through smart contracts it ensures the transmission of important information among the large range of users at the time of natural mishap. The role of the blockchain resembles that of a wild card for the already existing ecosystems which does not disturb and is effective for climate change and other environmental challenges, known to be as game changers can be stated as follows:
1 Supply Chain Management: See Through ChainsWhenever the customer buys the product a trust factor is associated with that brand like Johnson’s, Maggi, or Lakme. The information that consumer keenly is looking for is that the manufacturing of that product should be fair which is not available and sometimes it becomes difficult for them to verify whether the product is genuine or fake. For the product to reach the store it has to travel through many intermediaries—producers, suppliers, retailers, in-between reconstruction or remodeling can be done with the product’s brand—chemicals can be added, basic materials can be changed or replica of the product can also be made with low quality constituents. At the end it is the customer who will be suffering. Here comes the savior for consumers i.e. blockchain. Blockchain enables tracking of the path of product beginning with manufacturing, traveling till its destination like a GPS of product’s route. Customer can get all the answers of the four questions:a. Where the products are produced?b. How efficiently is it produced?c. Where they dispose their waste?d. How much biasness is involved?Blockchain has the potential to make the supply chain transparent which can help the buyers buy more environment-friendly products. To track the path of food also seems to be benefitted in cutting down the carbon emission as the consumer will avoid traveling long distances. It brings all the stakeholders-investors, developers, workers, producers, suppliers, retailers, the consumer under one roof by interconnecting all of them which makes this platform a unique one. Blockchain technology also assures that the sea food must be coming from the sustainable fisherman. For food tracking Dapp has developed Foodtrax; Provenance is one of blockchain’s project helping actors to see through supply chains.
2 Incentivizing Circular Economies via RecyclingVarious efforts have been made to carry out the recycling programs in separate cities which often led to failure and sometimes not being able to track & compare the impact of the recycling plans .These reusing program give rewards for submitting plastic containers or bottles in the form of a token. With the help of blockchain technology we can easily track the location where this recycling program is implementing. It is also helpful in increasing incentives as for depositing each plastic article participants are getting in return crypto currency which overall is good for the circular economy. Blockchain keeps the record of the volume of the material that has been deposited which is value and profit for evaluation. In coming years we will be using plastic money as plastic bank is a project which aims to convert plastic into currency in exchange of plastic materials by setting up collection centers at different locations. Dapp Recycle to coin also enables communities to receive tokens in return of plastic bottles.
3 EnergyIt’s a common problem faced by all the commoners’ or businesses covering the world and not an issue for some particular human beings. During the breakdown of natural calamities, poverty or extreme climate changes, interruption of electricity is a very common problem encountered by every citizen not accessing to power which ultimately leads to blackouts. Blockchain environmental ecosystem prepares for this kind of situation if it ever takes place. To decrease the requirement to transmit the electricity to far places it has P2P blockchain which is based on blockchain energy system. This can help in transmission of the electricity from local areas where it’s originally generated to the areas where it is required. This also supports in reducing the energy storage. A platform which can solve this problem working on the blockchain is a Trans active Grid which is a combined legal agreement between two blockchain companies, ConsenSys and LO3 Energy. If someone wants to get return or want to gain profit there is a way provided by the blockchain environment ecosystem. You can simply invest in the renewable energy installation through blockchain platform and get returns as a token seeking how to invest where to invest which can be done by dapp-EcoChain. For solar energy–renewable energy, sun contract is a blockchain which bases on P2P trading platform. Solar coin app aims to maximize solar installations is based on an electric chain i.e. a blockchain platform.
4 Environmental AgreementIf we talk about the promises made by the leaders sometimes left incomplete as we are able to judge by itself or the agreement between two companies had been cancelled due to not completing the task assign to it .But what about the environmental agreement is that visible to all of us or are we going to observe itself only? Are we going to measure the impact of these agreements how much completed—how much left out? It is not possible for an individual to do all these things. For tracing the real impacts of environmental treaties there’s a blockchain platform. In the long run the government and authorities are also not interested in keeping their promises. If data is presented it presents two main concerns: one is scamming, other is molding. To eradicate this problem, a centralized system-blockchain makes the whole system crystal clear by allowing the tracking of environmental data and peeking at every instance of all the commitments that were fulfilled or not. Not only does it do transparent tracking its job but also in reporting the progress made at what location and by what quantity Blockchain could dampen associations, business companies and governments from taking u-turns from promises related to environment. Blockchain has the potential to remove the fraud and manipulation by storing legalized records. Approximately 980 million per annum has been spent to administrate the blockchain system which is under scheme of global carbon credits.
5 Profitless ContributionIn India if we say the south region, it’s common to have typhoon or flood. In 2007, there were terrible series of floods that occurred called as south Asian floods in which 30 million people suffered so that all citizens gathered to provide monetary help of which they donated very huge amounts. But have you ever thought that the amount we do donate for charity whether online or offline is reaching the proper recipients. Many people have donated money for Covid-19 (a viral disease)—though they have been provided IFSC codes. But one question that remains in our mind is will the amount really reach the affected people. If not, then how will it be spent. Looking at today’s scenario, corruption has been inserted deeply into the roots or as they say to the tip of the roots where osmosis begins. Blockchain technology assures that the money which is intended for this purpose will help the affected people or for specific programs and will not be filling unintended pockets. The money can undoubtedly target its correct audience if it is based on blockchain platform (crypto currencies). Some rural areas are still lacking banking infrastructure and when there will be a natural hazard, in going to the bank or ATM for withdrawing, Blockchain technology has the potential to transfer the amount directly without making interruptions from the centralized system or any middleman. Two charities working with crypto currencies are Bit give and Bit hope.
6 Carbon TaxThe factors which have adverse impacts on the environment initiates from the automobiles, household items and so forth. Nowadays, sources include those that have to do with a lavish lifestyle whiuch directly or indirectly affects the environment, but by how much? Can you determine how much every product is making an effect on the environment? It can be calculated if we are aware of the carbon imprints. When planning to buy a four-wheeler petrol, diesel or CNG vehicle, which one would you prefer apart from monetization point of view? Obviously, that one which has less carbon emission so that global warming will not go beyond its alarming rate. Carbon tax is the tax which is applied at the time of extraction of fuel which is an indirect strategy to control emission of greenhouse gases produced when burning hydrocarbon (carbon compounds). The private sector imposed tax on the carbon with aim of lessening the emission of Co2 in the environment which results to degradation of forests. When these taxes are collected they should be used in the afforestation program but due to the many political winds the funds collected are used somewhere else. Blockchain technology has driven towards afforestation and degradation. It directly transfers the funds to the environmental ecosystem not in the pockets of intermediaries. In this context, the blockchain keeps the transparency between all the participants so that the funds obtain by depositing carbon will be applied in forest conservation program only. Considering the effect of CO2, manufacturers and producers also join hands by giving incentives to those companies who are selling products with low carbon footprints and a little piece of cake to the consumers also who are following this trend. Blockchain acts as a game changer as it is provides the tracking of carbon imprints of every product. However some companies are producing products which have high carbon footprints so that Blockchain technology will compel them to change their supply chain as well as customers to buy products that have less adverse effect on the environment. The score based on the carbon footprints of the products sold by each company is determined by the blockchain-based system. Thus by adapting blockchain, there will be more transparency and termination of practices which are harmful to environment. The main Interest of this technology is to construct a global market of carbon trading for communities and businesses.
7 Earth Management PlatformsTelecom companies (such as Voda, Airtel or Jio) have to face new problems each day in order to increase the customer satisfaction and revenue. The perspective of the organization is the expansion of the network which involves the choice of location which requires a geo platform—a platform which conveys information about the location. Similarly Earth’s natural system also needs attention which are under unknown stress due to the boundation of the planet. The New Blockchain Geospatial platform interprets geographic data and helps to understand the new patterns not only on the surface of the earth but deeper in the sea as well, i.e., it traces the data of the ocean. This platform analyzes, visualizes and manages the data of the earth in a ledger of geospatial platform. After the scaling the data blockchain technology ensures transaction across the globe and environmental domains are verifiable and trustful. This technology helps in protecting life not only on land but also the live of sea animals by improve their health. By removing the unbiasness and providing proper visualization to the water resources, blockchain enables to secure fishing rights whereas on land it strengthens the property rights of the participants and all the actors. The Geospatial Blockchain environmental ecosystem has the potential to observe the weather conditions and monitor the performance of the forecast required with the help of Internet of Things.The above-mentioned game changers provide the power to structure the sustainable future with the collaboration of upgrading technologies. The blockchain environment ecosystem should target the right problem in order to empower the communities.