We’ve been hearing a lot of buzz in recent times of the wonders of the applications of blockchains and cryptos, especially for the environment. Whether it is for its potential for reducing scalability issues or for it’s breathtaking transparency, blockchain has been at the forefront of fighting the good fight.
That’s why we’ve compiled a list of some of the ways companies are using this amazing tech to bring environmental friendly solutions to us all.
Our first pick is a solar energy based operation which was founded in 2014. We all know the immense benefits of solar energy as opposed to non renewable and quickly depleting resources such as fossil fuels and that’s where SolarCoin comes in! Consumers who already have solar panels integrated within their homes can avail this service through the crypto’s wallet.
SolarCoin has incentivized people to engage in more solar energy productive activites in exchnage for rewards such as reduced costs of solar installations and not only create more opportunities for employment but also instill a greater adoption of solar power.
The Plastic Bank Recycling Corp.
The Plastic Bank Recycling Corp. is the next fascinating enterprise that is using blockchain technology to reduce their carbon print in the world. Founded in 2013 and based in Canada, this firm uses an end-to-end app that links both vertical and horizontal members of multiple industries that produce waste. These may include vendors, manufacturers and recycling businesses both locally and globally.
It even provides a platform for safe digital savings for any individual that is unable to make a bank account. According to their official website, the aim is simple; “To stop Ocean Plastic by gathering a billion people together to monetize waste while improving lives. Plastic Bank is a root cause solution to prevent the flow of plastic into our oceans.”
The Provenance official website claims that the company aims to “Help brands and retailers build customer trust through transparency. Using blockchain technology Provenance empowers shoppers to choose your product.”
“Every Product Has A Story”
Established in London in 2013, Provenance helps produce and empower the idea of transparent supply chain operations by allowing consumers to put in that extra effort to make better choices for themselves and the planet. The firm uses blockchain technology to track the origin and progress of any product’s supply chain.