On Nov. 11, at the 27th United Nations Climate Change Conference, or COP 27, in Sharm El-Sheikh, Egypt, The Climate Chain Coalition (CCC), a network of organizations dedicated to utilizing blockchain technology for effective climate action, of which Cointelegraph is a member, presented its stock take report.
The coalition, which was established five years ago, has been working on projects involving the consumption accounting system and greenhouse gas emissions accounting. The Climate Chain Coalition’s founder and chair, Tom Baumann, said:
Over the course of those years, the alliance expanded from its original 12 founding organizations to over 360 organizations in 69 nations. The coalition was established on the principles of blockchain and other cutting-edge technologies, which allow for the self-organization of members into member-driven initiatives in an open, distributed network.
The coalition’s goal is to develop a shared data and digital infrastructure, encourage networking and capacity building, and collaborate with the digital and climate communities to address concerns and difficulties that must be overcome to drive transformative digital climate solutions.
Even if digital assets are adjudged to be energy-intensive, such claims set them apart from the underlying blockchain platforms, which are capable of supporting climate protection measures and are energy-efficient. There is therefore no foundation.
The panel will also include Alexey Shadrin, co-founder and CEO of Evercity, a platform for managing, issuing, and controlling sustainable money, to talk about how the coalition’s initiatives would change businesses in terms of applying blockchain technology. Stress how you are assisting. projects that are now developing quickly in the market. “We think these ideas are not just hip and original, but also current and consistent with fundamental UN values and standards created by several experts both inside and outside the UN process.