November 8, 2024

Rise To Thrive

Investing guide, latest news & videos!

The Agenda podcast chats with Energy Web on how to fight climate change with help of blockchain

2 min read
The Agenda podcast chats with Energy Web on how to fight climate change with help of blockchain

This summer, parts of the United States are wilting under a multi-month stretch of sweltering heat and data suggests that summer temperatures will continue to creep up in the coming years. The planet is on what seems to be a pretty clear

What’s blockchain got to do with it?

Given the fact that environmentally friendly solutions are already in existence and ready to roll out, both co-hosts were curious about the actual role and need for blockchain in these technologies. Morris explained that after six years of building and trialing different solutions, Energy Web honed in on Green Proofs as the primary solution that had good product to market fit.

Green Proofs have applications ranging from green biofuels, to Bitcoin miners using only renewable and green energy and tracing how green the materials were that came in to create a battery.

According to Morris, “blockchain plays a pretty key role. We use blockchains to actually just represent those assets.”

“So basically, if I’m a fuel producer, I log in, I register, I upload data. An on-chain representation of that data is then used and can be moved around that ecosystem to sort of track who owns the digital certificate representing that unit of green fuel, for example.”

To hear more from Morris’s conversation with The Agenda, listen to the full episode on Cointelegraph’s Podcasts page, Apple Podcasts or Spotify. And don’t forget to check out Cointelegraph’s full lineup of other shows!

Magazine: Tokenizing music royalties as NFTs could help the next Taylor Swift

This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.