Climate Change and Blockchain

Posted: 20 Dec 2017

Date Written: December 16, 2017

Abstract

Blockchains can be used as ledger systems that are verifiable, auditable, transparent, and run on a network of personal computers. Although best known as the computational underpinning of Bitcoin, they have applications beyond digital currency.

They could transform contexts where verification of transactions without a central authority is currently a stumbling block. Among the applications being explored are so-called ‘smart contracts’, reputation systems, intellectual property, asset registers, voting, and the administration of decentralized organizations .

There are also applications with environmental relevance. These include land claims registration, especially in regions where property ownership frequently is contested or where administrative institutions are not trusted, including species-rich parts of the developing world; establishment of alternative currencies backed by renewable energy generation, carbon mitigation, and sustainable innovation supply chain traceability to improve transparency and undermine corruption, particularly in agriculture and fishing; and tracking of illegal wildlife trade.

Keywords: climate change, blockchain, commons, service economy, decentralized

Suggested Citation

Sharma, Saransh, Climate Change and Blockchain (December 16, 2017). Available at SSRN: https://ssrn.com/abstract=3088990

Saransh Sharma (Contact Author)

Independent ( email )

No Address Available
United States

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