Climate Chain Alliance releases report on blockchain and emerging technologies at COP 27

The Climate Chain Consortium (CCC), a network of organizations dedicated to leveraging blockchain technology for effective climate action, including Cointelegraph as a member, presented its stocktaking report on November 11 at the 27th United Nations Climate Change Conference, or COP 27 , in Sharm El Sheikh, Egypt.

The consortium was established five years ago and has been working on initiatives related to consumption accounting systems and greenhouse gas emissions accounting. Tom Baumann, chairman and founder of the Climate Chain Alliance, said:

“In those years, the consortium has grown from 12 founding organizations to more than 360 organizations in 69 countries. The consortium is built on the ethos of blockchain and emerging technologies as an open distributed network where members can Self-organize into member-driven programs.”

Climate Chain Alliance members at COP 27 in Egypt.

The Alliance’s mission is to address the issues and challenges needed to advance transformative Crypto climate innovation by creating resources to support shared data and Crypto infrastructure, support networking and capacity building, and collaboration between Crypto and climate communities.

Related: How Blockchain Technology Can Transform Climate Action

Cointelegraph Editor-in-Chief Kristina Lucrezia Cornèr speaks at COP 27 on the relevance of blockchain in fighting climate change.

Cointelegraph editor-in-chief Kristina Lucrezia Cornèr commented during the panel discussion:

“Education is key here and the responsibility of the media is very high. We think that is our biggest mission, not only to talk about the inner nature of the blockchain industry, but also to talk about what is going on beyond the blockchain industry. And because it is Out-of-the-box things unite us because this conference is about climate action and climate is so much more than that [than] Just climate change. It’s about sustainability, it’s about our future. ”

Also participating in the panel was Alexey Shadrin, co-founder and CEO of Evercity, a platform for managing, issuing and monitoring sustainable finance, who highlighted how the coalition’s efforts are supported by use cases for implementing blockchain technology as well as guidance New projects that are rapidly emerging in the organization market. “We wanted to make sure that these projects were not only innovative and cool, but also aligned with the core values ​​and standards that currently exist at the UN, developed by many experts within and outside the UN process.”

Although Crypto assets have been criticized for their high energy consumption, such accusations are inaccurate because of the distinction between cryptocurrencies and the underlying blockchain platforms that can save energy and support climate initiatives.

Source of information: Compiled from COINTELEGRAPH by 0x information.The copyright belongs to the author Ana Paula Pereira and may not be reproduced without permission

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