{"id":280646,"date":"2021-06-22T14:41:40","date_gmt":"2021-06-22T11:41:40","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/un-sees-blockchain-technology-as-tool-to-fight-climate-crisis\/"},"modified":"2021-06-22T14:41:40","modified_gmt":"2021-06-22T11:41:40","slug":"un-sees-blockchain-technology-as-tool-to-fight-climate-crisis","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/un-sees-blockchain-technology-as-tool-to-fight-climate-crisis\/","title":{"rendered":"# UN sees blockchain technology as tool to fight climate crisis"},"content":{"rendered":"

“# UN sees blockchain technology<\/a> as tool to fight climate crisis <\/strong>”
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Amid ongoing concerns over Bitcoin\u2019s (BTC) carbon footprint, the United Nations has said out that cryptocurrency\u2019s underlying technology has massive potential for fixing global issues like climate change.<\/p>\n

The UN will keep exploring the uses of blockchain technology as a way to fight the climate crisis and help reach a more sustainable global economy, according to an article published<\/a> on the official UN website on Sunday.<\/p>\n

UN experts are confident that \u201ccryptocurrencies and the technology that powers them can play an important role in sustainable development, and actually improving our stewardship of the environment.\u201d Specifically, the article points out a number of environmental and sustainability benefits associated with blockchain, including its power to enable transparency and resistance to fraud, climate finance and clean energy markets.<\/p>\n

Citing the UN Environment Programme\u2019s partnership with the Technical University of Denmark, the article states that data on harmful greenhouse gas emissions is unreliable and incomplete in many countries. In providing an immutable record of carbon data, blockchain solutions can provide a transparent way for nations to take action to reduce their impact on the climate.<\/p>\n

Blockchain can also be an important part of driving renewable energy sources like wind and solar power by providing a tool to create clean energy markets. \u201cAs these sources are, by their nature, intermittent and decentralized, new forms of energy markets are needed,\u201d the article notes.<\/p>\n

The UN emphasized that cryptocurrencies are still in their infancy, and there are still many tech and political challenges to overcome, including environmental issues as well as volatility:<\/p>\n

\u201cIf the most vulnerable are to benefit from the promise of blockchain technology, and if it is to truly make a positive impact on the climate crisis, more technical research is needed, as well as more international dialogue, involving experts, scientists and policymakers.\u201d<\/p><\/blockquote>\n

Related: <\/em><\/strong>Banking system consumes two times more energy than Bitcoin: Research<\/em><\/strong><\/p>\n

Minang Acharya, one of the authors of UNEP\u2019s brief on blockchain app<\/a>lications, urged that the UN should continue experimenting with blockchain to learn more about its environmental-friendly implications. \u201cThis is likely to improve our UN-wide knowledge on blockchain, our understanding of the environmental and social<\/a> implications of mining operations, and improve our chances of coping with any problems the technology may bring in the future,\u201d Acharya said.<\/p>\n