Blockchain will make sure green pledges aren’t just green wash.
When a country or a company makes a promise to reduce carbon emissions, respect fishing quotas or cut toxic output, how can we be sure they’ll keep their word?
The truth is, it’s often extremely hard. But a new initiative — Global Ledger — led by a group of World Economic Forum Young Global Leaders (YGLs) aims to change that.
Using data from a nearly-infinite array of observation devices — drones, cameras, nano-satellites and soon-to-be-ubiquitous Internet of Things applications — reliable and unbiased information can be gathered and then stored using blockchain technology, which ensures data is verified and almost impossible to manipulate.