7 Innovative Blockchain Projects Focused on Climate Change in 2022
The climate crisis is heating up and the world is eager to find solutions to help with the ongoing fight to save our natural environment. Without accurate tracking, data and analysis, how can we evaluate which climate change measures are working?
Blockchain technology provides a transparent way to report on current and future climate trends that will have an impact on the landscapes around us. With a deeper understanding of weather patterns, carbon market credits and changes in our environments, industries and individuals can plan for a more sustainable future.
The following projects use blockchain technology to stem the negative impact of our over-dependence on natural resources.
Founded in 2018, the Regen Network is a project that allows farmers and individuals to track soil regeneration efforts on the blockchain. The broader vision encourages farmers to become land stewards. This allows them to be rewarded for their commitment to caring for their land. In an open market, farmers can sell their ecological services such as holistic grazing or agroforestry to buyers globally.
Toucan Protocol is the largest buyer of carbon displacements worldwide. This blockchain project is developing a carbon market infrastructure. It is designed to bring the carbon market to individuals who want to support a more sustainable future. Running on the Polygon network gives them access to a layer 2, energy efficient blockchain.
Klima DAO was founded by a pseudo-anonymous group of developers. It operates as a decentralized autonomous organization (DAO) and is community-led. The main focus of Klima DAO is to motivate companies to reduce their carbon emissions by focusing on increasing the costs of carbon emissions. Individuals can purchase BCTs on the market and tie them with KLIMA for a discount. After five days, they receive discounted KLIMA, which they can either sell at a profit or decide to bet with the protocol to expand their share of the KLIMA supply.
RedemptionDAO is a movement to buy rainforest in the Democratic Republic of Congo. Congo has one of the richest reserves of natural resources in the world, but current economic systems reward extraction over conservation. RedemptionDAO aims to launch a winning bid for one or more blocks of land.
The Sovereign Nature Initiative (SNI) promotes the exploration and development of technologies that can allow nature to become self-governing. SNI strives to reconfigure the intersection between ecology, economy and new technologies. Using advanced NFT technology in collaboration with Unique Network, SNI is experimenting with alternative ways to give nature a voice. The team are passionate, experienced experts working on the development of a sustainable future.
Moss.earth is a Sao Paulo-based climate technology company pioneering the digitization of environmental resources, starting with the conservation of the Amazon rainforest. The first product is MCO2, a tokenized carbon credit listed on the world’s largest crypto exchange. Furthermore, it is used by leading global companies and institutions to instantly offset their companies’ and customers’ carbon footprints. In one year, MOSS and their customers have sent more than 15 million dollars to the Amazon forest, helping to preserve approximately 500 million trees. MOSS is the largest dealer of voluntary carbon credits in Brazil and one of the largest in the world overall
Founded in 2017, Nori is a blockchain-backed carbon removal marketplace. Nori is on a mission to reverse climate change by removing billions of tons of CO2 from the atmosphere. This project supports farmers who adopt regenerative agriculture projects that sequester CO2 from the atmosphere.
Now that the climate crisis has reached a tipping point, it is crucial to use innovative solutions. Using green blockchains to develop tools that help tackle the world’s biggest problem. With improved management mechanisms and transparent access to information, organizations can reduce the risk of the climate crisis.
