News WUR
Using Blockchain Against Climate Change
Blockchain technology holds great promise to support effective climate policies in the agricultural sector. The efficiency, transparency and traceability of information exchange, which is what blockchain basically means, can be used to combat climate change.
This is the conclusion reached by researchers from Wageningen University & Research (WUR) and the Food and Agriculture Organization of the United Nations (FAO). Food security, poverty reduction and sustainable development are under pressure from climate change. Innovative solutions are needed to deal with the consequences, the researchers say.
But with any solution, it must be determined how effective it is in practice. Reliable data is required for this. That data is often spread over various parties who are not always eager to share the information, the study concludes.
Blockchain technology can help with that. The Blockchain is, as it were, a digital ledger in which different parties can share data. This means that blockchain can, for example, form the basis for a global network of reliable carbon data. Another option is a tracking system to check what happens, for example, with an environmental surcharge that is paid for a product or service.
Scale important
Rules and agreements are necessary to guarantee the reliability of the data. When applied on a large scale, the technology can be an important source of information to support policy. This large scale is necessary to guarantee the reliability of the data. But at the same time, the scalability of the application is also one of the biggest challenges, the researchers write, along with the complexity of the technology.
Jurphaas Lugtenburg
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