The climate crisis is heating up and the world is eager to dream up solutions to help with the ongoing battle to save our natural environment. Without accurate tracking, data, and analysis how can we evaluate what climate change solutions are working?
Blockchain technology provides a transparent way to report on the current and future climate trends that will have an impact on the landscapes around us. With a deeper understanding of the weather patterns, carbon market credit, and changes in our environments, industries, and individuals can plan for a more sustainable future.
The following projects are using blockchain technology to stem the negative impact of our overreliance on natural resources.
Founded in 2018, Regen Network is a project that allows farmers and individuals to track soil regeneration efforts on the blockchain. The broader vision encourages farmers to become land stewards. This allows them to be rewarded for their commitment to taking care of their land. In an open market, farmers can sell their ecological services such as holistic grazing or agroforestry to buyers globally.
Toucan Protocol is the largest buyer of carbon offsets worldwide. This blockchain project is developing a carbon market infrastructure. It is designed to bring the carbon market to individuals that want to support a more sustainable future. Running on the Polygon network gives them access to a layer 2, energy-efficient blockchain.
Klima DAO was founded by a pseudo-anonymous group of developers. It operates as decentralized autonomous organisation (DAO) and is community-governed. The main focus of Klima DAO is to motivate companies to reduce their carbon emissions by focusing on increasing the cost of carbon emissions. Individuals can buy BCT on the market and bond them with KLIMA for a discount. After five days, they receive discounted KLIMA, which they can either sell for a profit or decide to stake with the protocol to expand their share of the KLIMA supply.
RedemptionDAO is a movement to purchase rainforests in the Democratic Republic of Congo. Congo has one of the richest endowments of natural assets in the world, but current economic systems reward extraction over preservation. RedemptionDAO aims to launch a winning bid on one or more blocks of land.
Sovereign Nature Initiative
The Sovereign Nature Initiative (SNI) fosters the exploration and development of technologies that can allow nature to become self-governing. SNI strives to reconfigure the intersection between ecology, economy, and emerging technologies. Using advanced NFT technology partnering with Unique Network, SNI is experimenting with alternative ways to give nature a voice. The team are passionate, experienced experts working on the development of a sustainable future.
Moss.earth is a Sao Paulo-based climate tech company pioneering the digitization of environmental assets, starting with the conservation of the Amazon rainforest. Its initial product is MCO2, a tokenized carbon credit listed on the world’s largest crypto exchange. Furthermore, it is used by leading global corporations and institutions to instantaneously offset their corporate and customer carbon footprints. In one year, MOSS and its customers have sent more than $15 million USD to the Amazon Forest, helping preserve approximately 500 million trees. MOSS is the largest trader of voluntary carbon credits in Brazil and one of the largest in the world overall
Founded in 2017, Nori is a blockchain-backed carbon removal marketplace. Nori is on a mission to reverse climate change by removing billions of tonnes of CO2 from the atmosphere. This project supports farmers adopting regenerative agriculture projects that are sequestering CO2 from the atmosphere.
Now that the climate crisis has reached a tipping point, using innovative solutions is crucial. Using eco-friendly blockchains to develop tools that help tackle the world’s number one problem. With enhanced governance mechanisms and transparent access to information, organizations can mitigate the risk of the climate crisis.