{"id":474914,"date":"2022-07-17T08:17:00","date_gmt":"2022-07-17T05:17:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/how-blockchain-technology-is-used-to-save-the-environment\/"},"modified":"2022-07-17T08:17:00","modified_gmt":"2022-07-17T05:17:00","slug":"how-blockchain-technology-is-used-to-save-the-environment","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/how-blockchain-technology-is-used-to-save-the-environment\/","title":{"rendered":"# How blockchain technology is used to save the environment"},"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-6a2ee7ca58ff8\" 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-6a2ee7ca58ff8\" 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\/how-blockchain-technology-is-used-to-save-the-environment\/#%E2%80%9D_How_blockchain_technology_is_used_to_save_the_environment_%E2%80%9C\" >&#8221; How blockchain technology is used to save the environment &#8220;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/how-blockchain-technology-is-used-to-save-the-environment\/#How_does_blockchain_factor_into_preserving_reefs_and_saving_the_ocean\" >How does blockchain factor into preserving reefs and saving the ocean?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/how-blockchain-technology-is-used-to-save-the-environment\/#1_Supply_chains\" >1. Supply chains<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/how-blockchain-technology-is-used-to-save-the-environment\/#2_Recycling_3_Environmental_treaties\" >2. Recycling | 3. Environmental treaties<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/how-blockchain-technology-is-used-to-save-the-environment\/#4_Energy\" >4. Energy<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/buradabiliyorum.com\/en\/how-blockchain-technology-is-used-to-save-the-environment\/#5_Nonprofits\" >5. Nonprofits<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/buradabiliyorum.com\/en\/how-blockchain-technology-is-used-to-save-the-environment\/#6_Carbon_tax_7_Changing_incentives\" >6. Carbon tax | 7. Changing incentives<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_How_blockchain_technology_is_used_to_save_the_environment_%E2%80%9C\"><\/span>&#8221; How blockchain technology is used to save the environment &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-28d77a7a><em>In her monthly Expert Take column, Selva Ozelli, an international tax attorney and CPA, covers the intersection between emerging technologies and sustainability, and provides the latest developments around taxes, AML\/CFT regulations and legal issues affecting crypto and blockchain.<\/em><\/p>\n<p>In June, the United Nations held its \u201cStockholm+50: a healthy planet for the prosperity of all \u2014 our responsibility, our opportunity\u201d event, focused on implementing its Decade of Action to deliver the Sustainable Development Goals, 2030 Agenda, Paris Agreement, and Post-2020 Biodiversity Framework, as well as to encourage a green recovery from COVID-19. The event took place 50 years after the first-ever United Nations Conference on the Human Environment in 1972, giving world leaders the chance to reflect on five decades of environmental action focused on tackling the Earth\u2019s climate, nature and carbon dioxide pollution crises.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-07\/b4c1426b-3adb-41c1-8c30-fa09af84686e.png\"><\/figure>\n<p>My art show \u201cReef Dwellers\u201d was an associated event at Stockholm+50. It celebrated the role oceans play in everyday life and sought to inspire action to protect reefs, which occupy just 0.1% of global sea surfaces despite supporting more than 25% of marine biodiversity.<\/p>\n<p><iframe loading=\"lazy\" title=\"Reef Dwellers by Selva Ozelli\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/c7YuGrfSTyc?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>Oceans act as large natural carbon reservoirs, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.weforum.org\/agenda\/2020\/10\/oceans-absorb-carbon-seas-climate-change-environment-water-co2\/\">absorbing<\/a> 25% of current annual CO2 emissions and hosting 80% of all life while providing half of the planet\u2019s oxygen. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.climate.gov\/news-features\/understanding-climate\/climate-change-ocean-heat-content\">According<\/a> to the United States National Oceanic and Atmospheric Administration:<\/p>\n<blockquote><p>\u201cMore than 90 percent of the warming that has h<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>ened on Earth over the past 50 years has occurred in the ocean.\u201d <\/p><\/blockquote>\n<p>The rate at which oceans are warming is <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/edition.cnn.com\/2020\/01\/13\/world\/climate-change-oceans-heat-intl\/index.html\">equivalent<\/a> to five Hiroshima atomic bombs being dropped into them every second.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>How blockchain <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> is transforming climate action<\/em><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_does_blockchain_factor_into_preserving_reefs_and_saving_the_ocean\"><\/span>How does blockchain factor into preserving reefs and saving the ocean? <span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Future Thinkers has <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/futurethinkers.org\/blockchain-environment-climate-change\/\">outlined<\/a> several major solutions for how blockchain can help protect the environment. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-07\/57a6df24-b243-4b1d-ba78-4f16d47a0a80.png\"><\/figure>\n<h3><span class=\"ez-toc-section\" id=\"1_Supply_chains\"><\/span>1. Supply chains<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Blockchain technology is being used to improve fish traceability to help stop illegal and unsustainable fishing practices. Fishcoin is a blockchain-based seafood traceability project that \u201cincentivizes supply chain stakeholders to share data from the point of harvest to the point of consumption\u201d to help create a more open, transparent, accountable seafood industry.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-07\/f2843d42-a7c5-409b-a73d-99803edcae03.png\"><\/figure>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Enterprise blockchain to play a pivotal role in creating a sustainable future<\/em><\/strong><\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_Recycling_3_Environmental_treaties\"><\/span>2. Recycling | 3. Environmental treaties<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Plastic pollution is a global ecological crisis. In a landmark move on March 2, the United Nations Environment Assembly agreed to create a historic international treaty to end plastic pollution. According to the UN, the effort could <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.unep.org\/news-and-stories\/press-release\/historic-day-campaign-beat-plastic-pollution-nations-commit-develop\">result in<\/a> an 80% reduction in the volume of plastics entering oceans by 2040, a 55% reduction in virgin plastic production and a 25% reduction in greenhouse gas emissions. It could also save governments $70 billion by 2040 and create 700,000 additional jobs, primarily in the Global South.<\/p>\n<p>One project addressing the plastic pollution problem is Diatom DAO, which has proposed a tokenized Plastic Removal Credits framework. Its goal is to leverage the capabilities of decentralized finance (DeFi) to build a reliable, verifiable, efficient plastic-removal supply chain that increases recycling, reduces use, funds high-leverage removal projects, establishes new channels of circularity, and drives innovation in new materials.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"4_Energy\"><\/span>4. Energy<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Since the start of the Industrial Revolution, the ocean has <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/pmel.noaa.gov\/co2\/story\/A+primer+on+pH\">seen<\/a> a 30% increase in its acidity thanks to the absorption of carbon dioxide. Captura seeks to use solar-powered, floating plants to extract CO2 from the ocean, while Toucan Protocol is building the infrastructure for a carbon market to finance world-class climate solutions in an effort to accelerate the transition to net-zero carbon in accordance with the Paris Agreement.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-07\/7a01f5cb-c064-4154-a180-0fd8095e5ec3.png\"><\/figure>\n<h3><span class=\"ez-toc-section\" id=\"5_Nonprofits\"><\/span>5. Nonprofits<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>OceanDrop is a charitable nonfungible token project from the Open Earth Foundation, a nonprofit organization dedicated to developing open-source technology for climate action. The proceeds of the NFT sales, which are pegged to carbon offsets, support a pilot project aimed at expanding the protected marine areas of Cocos Island and Costa Rica.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-07\/b08c6d11-aa23-4889-bc81-e92a2d4cf532.png\"><\/figure>\n<p>The Crypto Coral Tribe is an NFT project directing 50% of its revenues to marine and wildlife conservation initiatives. Its goal is to form a creative hub that leverages art and technology to help restore the natural world. It hopes to plant 3,000 corals worldwide via its network of marine conservation partners, including Coral Guardian, Coral Triangle Center and the Turks and Caicos Reef Fund.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"6_Carbon_tax_7_Changing_incentives\"><\/span>6. Carbon tax | 7. Changing incentives<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>U.S. President Joe Biden came into office with a plan to transition Americans away from fossil fuels, and he demonstrated that intent with a regulatory agenda that included carbon taxes. However, the Supreme Court and Russia\u2019s war in Ukraine upended his climate plans.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-07\/03428171-9693-4acb-9613-20f2e0d865db.png\"><\/figure>\n<p><strong><em>Related: <\/em><\/strong><strong><em>UN\u2019s COP26 climate change goals include emerging tech and carbon taxes<\/em><\/strong><\/p>\n<p class=\"post-content__disclaimer\"><em>The views, thoughts and opinions expressed here are the author\u2019s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.<\/em><\/p>\n<div>\n<div style=\"background: rgb(239, 239, 239); border: 1px solid rgb(204, 204, 204); padding: 10px;\"><strong>Selva Ozelli<\/strong>, Esq., CPA, is an international tax attorney and certified public accountant who frequently writes about tax, legal and accounting issues for Tax Notes, Bloomberg BNA, other publications and the OECD.<\/div>\n<\/div>\n<p><template data-name=\"subscription_form\" data-type=\"consulting_newsletter\"><\/template><\/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\/how-blockchain-technology-is-used-to-save-the-environment\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; How blockchain technology is used to save the environment &#8220; In her monthly Expert Take column, Selva Ozelli, an international tax attorney and CPA, covers the intersection between emerging technologies and sustainability, and provides the latest developments around taxes, AML\/CFT regulations and legal issues affecting crypto and blockchain. In June, the United Nations held&#8230;<\/p>\n","protected":false},"author":1,"featured_media":474915,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDcvOTQ0MmM2ZTktNjIxMi00MzdjLThlNTUtMDQ1YmY5NjQ0Mjc1LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74894,75568,10595,71511,70934,76751,4965],"class_list":["post-474914","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockchain","tag-supply-chain","tag-environment","tag-government","tag-regulation","tag-sustainability","tag-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/474914","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=474914"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/474914\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/474915"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=474914"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=474914"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=474914"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}