{"id":434169,"date":"2022-04-19T16:00:00","date_gmt":"2022-04-19T13:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/blockchain-and-oracles-can-help-clean-energy-transition-study-claims\/"},"modified":"2022-04-19T16:00:00","modified_gmt":"2022-04-19T13:00:00","slug":"blockchain-and-oracles-can-help-clean-energy-transition-study-claims","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/blockchain-and-oracles-can-help-clean-energy-transition-study-claims\/","title":{"rendered":"# Blockchain and oracles can help clean energy transition, study claims"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a29aea98076a\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a29aea98076a\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/blockchain-and-oracles-can-help-clean-energy-transition-study-claims\/#%E2%80%9D_Blockchain_and_oracles_can_help_clean_energy_transition_study_claims_%E2%80%9C\" >&#8221; Blockchain and oracles can help clean energy transition, study claims &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Blockchain_and_oracles_can_help_clean_energy_transition_study_claims_%E2%80%9C\"><\/span>&#8221; Blockchain and oracles can help clean energy transition, study claims &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvY2M1YTA3ZmYtZjIxMy00MTRmLWIxMzItOTM0ZWE0ZjFiZGZmLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>New dynamics in the energy sector are compelling providers to shift to sustainable and clean energy to combat climate change. While many challenges accompany the clean energy transition, a report claims that blockchain has the potential to help the industry achieve its climate action goals.\u00a0<\/p>\n<p>The report, titled &#8220;Managing Climate Change in the Energy Industry With Blockchains and Oracles,&#8221; was conducted by Tecnalia Research and Chainlink Labs. It outlines how blockchain features like tokenization, hybrid smart contracts and blockchain oracles can be <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>lied to the energy sector to manage climate change.\u00a0<\/p>\n<p>Jose Luis Elejalde, an energy executive at Tecnalia, said that within the infrastructure transformation period, the energy industry can use blockchain to \u201cdigitize and assign value to clean energy investments and design fully automated incentive systems for participating in sustainable practices.\u201d\u00a0<\/p>\n<p>According to the research, blockchains can be applied as a database in the settlement layer, smart contracts can be used to develop the application layer, and oracles can create connectivity in a specialized computation layer. Through these, the report highlighted various blockchain use cases like tokenizing carbon credits and smart grid management and explained that these can contribute to the clean energy transition.\u00a0<\/p>\n<p>The research highlighted use cases like\u00a0verifiable eco-data reporting through a hybrid smart contract system. The study cited projects like Hyphen that use oracles to provide greenhouse gas data within the blockchain and create proof that corporations are meeting their climate commitments.\u00a0<\/p>\n<p>Apart from this, the report also mentioned the climate-focused blockchain insurance solution by Lemonade that deals with the effects of climate change like weather-related disasters by insuring farmers in Africa.\u00a0<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Are we misguided about Bitcoin mining&#8217;s environmental impacts? Slush Pool&#8217;s CMO Kristian Csepcsar explains<\/em><\/strong> <\/p>\n<p>William Herkelrath, an executive at Chainlink Labs, said that \u201ca data-driven backend infrastructure is critical to propelling the cross-sector collaboration needed to address the climate crisis.\u201d Herkelrath also mentioned that oracles can give the energy sector the right tools to combat climate change.\u00a0<\/p>\n<p>In an article, Jane Thomason mentioned that blockchain can assist in the management of smart grids in decentralized energy markets and allow peer-to-peer energy trades. It can enable people to \u201cbuy, sell or exchange excess renewable electricity\u201d directly with each other.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/blockchain-and-oracles-can-help-clean-energy-transition-study-claims\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Blockchain and oracles can help clean energy transition, study claims &#8220; New dynamics in the energy sector are compelling providers to shift to sustainable and clean energy to combat climate change. While many challenges accompany the clean energy transition, a report claims that blockchain has the potential to help the industry achieve its climate&#8230;<\/p>\n","protected":false},"author":1,"featured_media":434170,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvY2M1YTA3ZmYtZjIxMy00MTRmLWIxMzItOTM0ZWE0ZjFiZGZmLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74894,75167,74355,10595],"class_list":["post-434169","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockchain","tag-chainlink","tag-adoption","tag-environment"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/434169","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=434169"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/434169\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/434170"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=434169"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=434169"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=434169"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}