Home → News → World Bank Program Looks to Blockchain to Solve Carbon... → Full Text

World Bank Program Looks to Blockchain to Solve Carbon Emissions Data Issues

By Bloomberg Green

November 8, 2021

[article image]

The World Bank's Climate Warehouse program is consulting with cryptocurrency startups like the Chia Network to build a "public-good layer" for climate. Chia's

Gene Hoffman said the layer would impart trust and transparency by sitting atop a blockchain, and allow countries and groups to disclose and vet carbon assets in a centralized fashion.

Chia's data layer harnesses its permissionless public blockchain to allow project peers to exchange data in an auditable manner without ceding control of the data owned by each peer.

Nations using the platform could indicate compliance with the Paris Agreement on reducing carbon emissions by submitting a verifiable dataset.

From Bloomberg Green
View Full Article


Abstracts Copyright © 2021 SmithBucklin, Washington, DC, USA


No entries found