Crypto Is Actually Green-Friendly? | Web3 Daily

TL;DR

• This past week, at the United Nations Climate Change Conference in Dubai, blockchain companies showed the hell up and helped to shake the stereotype that blockchain is bad for the environment.

• For example: Technology Innovation Institute (TII) released a blockchain-powered platform that would allow for carbon trading…helping push for net-zero emissions.

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Growing up, we had a buddy (Kyle) who was labelled a ‘bad egg’ by many of the parents in our area.

Not because he was, but because his older brother was.

It was a whole “guilty by association” type thing.

That’s kinda what has happened with the crypto industry and net-zero emission targets.

Bitcoin (the big brother to all other coins/tokens) is a ‘bad egg’ as far as emissions goes.

…but the majority of crypto tokens are stupidly energy efficient by comparison.

This past week, at the United Nations Climate Change Conference in Dubai, blockchain companies showed the hell up and helped to shake the stereotype.

The goal of this conference is to join hands on initiatives like net-zero carbon footprints, and help push green investments.

Stereotype or no stereotype, blockchain tech might feel out of place at such a conference, but it’s actually really well suited to supporting many green initiatives…

For example:

Technology Innovation Institute (TII) released a blockchain-powered platform that would allow for carbon trading…helping push for net-zero emissions.

This platform will allow businesses to create tokens that track the amount of Co2 they’ve removed from the environment (tokens that are tracked n’ traded on open and auditable blockchains!).

Crypto and green investments going hand-in-hand.

Who would’ve thought!