With increasing mainstream adoption in 2021, blockchain is emerging as an important solution for automating the data behind carbon accounting.
The initial demonstration project, Zero Genesis, takes place at a carbon sequestration site in Alberta.
The project’s carbon tokens have been issued on the low-energy consumption Cardano public blockchain network.
From his perspective at AWS, the key to scaling blockchain sustainability initiatives is engagement from a full spectrum of government and economic participants.
According to Blockchain Revolution author Don Tapscott, the synthesis of blockchain, IoT and AI is the key to the next era of digital transformation. “This new generation of technology — the “trivergence” — represents a new paradigm,” he said in a recent interview, citing the risks of supply chain complexity and the climate pressures on oil and gas as “demand pulls” towards adoption.
While GuildOne and partners like Validere and AWS are starting with individual carbon sequestration facilities, the critical path for these types of projects is rapid scale and adoption across the industry.
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