Future Thinkers: The blockchain is the shared database technology that underlies Bitcoin and Ethereum, and it is set to disrupt many industries in the coming decade. It’s already getting used in banking and payments, but most people don’t realize that this same technology can be used to solve the major environmental problems we are facing today on our planet. If adopted globally, it can even help stop or reverse climate change.
As permanent, tamper-proof databases that are shared by a community without a centralized owner, blockchains they are particularly interesting for environmental causes. They make it possible to track and verify transactions and interactions without a centralized authority. This can significantly increase transparency, efficiency, and accountability of environmental projects.