According to a recent white paper published by the World Economic Forum (WEF), the use of blockchain technology has quickly become one of the most important weapons in the battle against climate change. The report explains how blockchain technology may offer the essential infrastructure to combat climate change “at speed and scale” by increasing market transparency, building trust and ambition within climate discussions, democratizing access to climate action, and funneling more funding to project developers. Brynly Llyr, who is in charge of blockchain and digital assets at the Crypto Impact and Sustainability Accelerator (CISA) of the World Economic Forum, emphasized how important it is to investigate new technologies in order to combat climate change. She said that “global climate infrastructure, tools, and coordination technologies can all help us keep pace with our changing planetary ecosystem.” In situations like these,…
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