BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
FOLLOW
BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
BlockNews

Blockchain Technology Spearheads Climate Action at COP28

by BlockNews.com Team
December 7, 2023
in Breaking News, Business, Technology
A A
2
SHARES
Share on TwitterShare on Reddit
  • Blockchain projects are unveiling initiatives at COP28 to use blockchain technology to contribute to climate change efforts through transparency and innovation.
  • Organizations like Envision Blockchain and TII created blockchain platforms to digitize and track carbon credits and climate finance.
  • Crypto exchanges and organizations like KuCoin and DLT Earth are donating funds or holding hackathons to support sustainability projects and develop climate assessment tools.

As the 2023 United Nations Climate Change Conference (COP28) takes place in Dubai, blockchain projects are unveiling initiatives to contribute to the fight against climate change. From carbon trading platforms to donations for sustainability efforts, crypto organizations aim to leverage blockchain technology to drive transparency and innovation in climate action.

Bringing Transparency to Climate Finance

On December 4, Envision Blockchain, the HBAR Foundation, and the United Nations created an open-source platform called Managed Guardian Service to streamline carbon markets using blockchain. Built on Hedera Hashgraph, the project digitizes measurement, reporting and verification for trading carbon credits.

On December 5, the Technology Innovation Institute (TII) revealed a blockchain platform for verifiable carbon trading. The tracking and trading platform aims to accelerate investments in sustainability efforts while protecting transaction privacy and integrity.

On December 7, Allcot, the Carbon Opportunities Fund and Tolam Earth partnered to adopt the Guardian platform and develop digital carbon credits. This provides transparency in climate finance and allows the creation of tokenized carbon credits that can be traded.

Donations and Other Contributions

On December 7, crypto exchange KuCoin donated $100,000 to projects addressing climate change and sustainable development. The funds will help provide solar lighting in Africa, protect children from pollution, and support young disadvantaged women.

Meanwhile, DLT Earth and the DLT Science Foundation planned a 12-week hackathon starting January 8 to develop digital climate assessment methodologies. This aims to bring transparency to climate market analysis.

Conclusion

At COP28 and beyond, blockchain technology shows promise for decentralizing climate action. From tokenizing carbon credits to funding sustainability projects, crypto organizations are driving innovation and transparency in the fight against climate change. Their contributions at COP28 and other climate events highlight the potential for blockchain to transform climate finance and emissions tracking.

Tweet1ShareShare1

DON'T MISS THESE! HOT OFF THE PRESS

JRNY CLUB Announces $JRNY Token and EARN Platform
Breaking News

JRNY CLUB Announces $JRNY Token and EARN Platform

May 7, 2025
Federal Reserve Holds Rates Steady Amid Tariff Uncertainty: Trump Disappointment Grows
Breaking News

Federal Reserve Holds Rates Steady Amid Tariff Uncertainty: Trump Disappointment Grows

May 7, 2025
Google Stock Tumbles Over 9% Amid Apple’s AI Search Plans: Is This a Buying Opportunity?
Business

Google Stock Tumbles Over 9% Amid Apple’s AI Search Plans: Is This a Buying Opportunity?

May 7, 2025
CZ Binance Shares Top 3 Crypto Sectors He’s Bullish on Right Now: What You Need to Know
Crypto

CZ Binance Shares Top 3 Crypto Sectors He’s Bullish on Right Now: What You Need to Know

May 5, 2025
$TAO Heating Up: Can Bittensor Lead the AI Wave?
Crypto

$TAO Heating Up: Can Bittensor Lead the AI Wave?

May 1, 2025
Meta’s Reality Labs Reports Massive $4.2 Billion Q1 Loss: Should Zuckerberg Give Up Hope?
Business

Meta’s Reality Labs Reports Massive $4.2 Billion Q1 Loss: Should Zuckerberg Give Up Hope?

April 30, 2025
Load More

Related News

JRNY CLUB Announces $JRNY Token and EARN Platform

JRNY CLUB Announces $JRNY Token and EARN Platform

May 7, 2025
Everything You Need to Know About Doodles Upcoming DOOD Token

Everything You Need to Know About Doodles Upcoming DOOD Token

May 7, 2025
Federal Reserve Holds Steady as Trump Tariffs Threaten Economic Stability: The Hard Truth Exposed

Federal Reserve Holds Steady as Trump Tariffs Threaten Economic Stability: The Hard Truth Exposed

May 7, 2025
Mark Cuban Slams Trump’s Crypto Ventures as Self-Serving Disaster: Is This True?

Mark Cuban Slams Trump’s Crypto Ventures as Self-Serving Disaster: Is This True?

May 7, 2025
Federal Reserve Holds Rates Steady Amid Tariff Uncertainty: Trump Disappointment Grows

Federal Reserve Holds Rates Steady Amid Tariff Uncertainty: Trump Disappointment Grows

May 7, 2025
Discord Twitter Youtube TikTok Instagram

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Newsletter
  • Advertise
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano China Coinbase crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX Gary Gensler grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology twitter US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • Home
  • Crypto
  • Memecoins
  • Technology
  • Politics
  • Finance
  • NFT
  • DeFi
  • Opinion

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.