Blockchain is a new technology that potentially has a game-changing impact on the way we fight climate change. It could allow us to work together and bypass big energy companies, as well as reward those who have met climate goals.
BLOCKCHAIN'S INTERPERSONAL CAPABILITIES
Blockchain technology has the potential to revolutionize almost any industry it is applied to: we can take comfort that it can be used to ensure food gets to Syrian refugees, will soon experience the mountain of data it will give us on driverless cars, and could have the ability to rebalance the exploitive music industry. One of its most exciting implications, though, is to help combat the climate change that humans have caused over recent centuries.
According to We Forum, blockchain's key property in fighting climate change is its decentralized nature, which enables interconnection between the human "swarm."
Climate change is a fundamentally international problem, and a major difficulty in tackling it is navigating the web of different languages and regulations between countries. Blockchain provides a solution by cutting out middlemen and bureaucracy, providing a way for individuals to have interpersonal relationships that can be the beginning of a bottom-up solution, rather than politicians dictating from the top-down after lengthy and often inefficient political communication.
An example is the recent and successful trial of a blockchain based microgrid that allowed individuals to share renewable energy with one another in New York.
