Blockchain and Environmental Sustainability: Case of IBM's Blockchain Water Management
Notes on the 21st Century (CBRI)
9 Pages Posted: 5 Mar 2019
Date Written: February 11, 2019
This discussion paper considers the role that blockchain-based technologies can play in advancing initiatives pertaining to environmental sustainability, using the case study of IBM’s water management blockchain development in California. The paper finds that there is substantial room for incorporating blockchain technology into environmental protection and sustainability projects, including in the mitigation of information asymmetry through transparency so as to foster stronger market-mechanisms in the allocation of resources.
Keywords: Blockchain, Bitcoin, IBM, Internet of Things, California, Water Management, Drought, Cap Trade
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