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Forests And Blockchains?

Forests And Blockchains?

Written by Jessica Verhagen , Ecosphere+ VP Business Development & Strategy. After writing about forests and aviation a few months back, I started looking at other links to forests that we dont often make. At a conference held in May to further the latest in carbon markets and green finance, there was a panel on the potential of blockchain technology to modernise greenhouse gas emissions data collection, processing and transaction registries. Before diving in, lets back up to the basics. Its just a way to store information in a shared and continuously reconciled form, which is why they are sometimes called distributed ledger technologies. The data stored in a blockchain is not held in any single location; instead, the records it keeps are distributed across a large number of typically globally located nodes. This has many advantages, for example guaranteed availability of data and the fact that anyone with access to the blockchain can verify its content. By storing data across a global network, a blockchain also eliminates the risks that come from storing data centrally, such as localised vulnerability that computer hackers can exploit. Transactions are immutable, meaning that any record that is saved will be there for as long as the blockchain exists, without the possibility of alterations. A transparency dream! The potential with blockchain and forests While there are now more than 700 traded cryptocurrencies like Bitcoin that live on blockchains, there are many other applications for immutable and constantly available data storage, which brings us back to protecting forests. Stopping trees from being cut down is the largest, most immediate and cost-effective action we can take in fighting climate change. Thats why Ecosphere+ is focused on monetising the carbon store Continue reading >>

Bwana: How Blockchain Technology Can Save Our Forests - Business Daily

Bwana: How Blockchain Technology Can Save Our Forests - Business Daily

How blockchain technology can save our forests Aftermath of a forest fire. FILE PHOTO | FILE How could blockchain, a technology originally developed to underpin bitcoins, save Kenyas water catchment areas? Kenyas forests have been plundered in recent times to the extent that the environment impact is threatening not only our food security but our posterity. As an agro-based economy, we heavily rely on rain. The dwindling forest cover has a severe effect on the climate, wildlife, streams and human population especially forest dwellers. Mau Forestis the largest indigenousmontane forestinEast Africa. It has the highest rainfall rates in Kenya and is therefore the largestdrainage basinin the country. ColumnistsMWENDA: How AI can help transform growth in devolved units Its unique plant and animal species have helped industries worth billions of dollars. Many valuable pharmaceutical drugs for example are derived from rainforest plants. The problem is that counties that host such forests see too little of the benefits. Forest are plundered on a daily basis while the counties of origin gain little or no benefit. In a global scenario, the Nagoya Protocol, implemented in 2010 was an attempt to make things fairer. It involved over 100 countries all agreeing that if money was made from biological assets, the country of origin must get a fairer share of the benefits. But in reality, this is hard to implement. Keeping track of where biological assets come from, how they are used and who is profiting from them is difficult. This can change. The Kenya Forest Research Institute could for example take the lead role by mapping all complex life in our forests by sequencing the genomes of the forests unique plants, animals and microbes. This biological big data can be made accessible for s Continue reading >>

Blockchain: The Missing Link Between Climate Finance And Forest Conservation?

Blockchain: The Missing Link Between Climate Finance And Forest Conservation?

Blockchain: the missing link between climate finance and forest conservation? If you havent heard of blockchain yet, you soon will. From its beginnings as a system for verifying Bitcoin transactions, blockchain is now sweeping the world of finance and expanding into other areas of business and public policy. And its already being touted as a tool for facilitating climate-related transactions, including results-based payments for REDD+ as outlined in a recent policy paper from Climate Advisers, Lestari Capital and Lykke. So, what exactly is blockchain? In the jargon, its a distributed ledger technology (DLT), which uses a peer-to-peer network to securely verify and record financial and other transactions. Instead of relying on information stored in a central location, such as a single companys database or server, DLT distributes the data associated with the transaction across an open network. This decentralized process makes it almost impossible to tamper with the data. The system streamlines the transaction process and reduces costs by bypassing traditional intermediaries, including banks, governments and third-party companies. Instead, the validation process is crowd-sourced to other users of the system who verify and confirm each transaction. Once verified, the transaction data is permanently recorded in the system with a timestamp and visible to everyone on the network. This creates trust, transparency and traceability. Any user can access the information in the system through an app or website on any smart device or computer. Users can trace whole series of transactions, reference the data, perform their own analyses, or apply it to other accounting and measurement applications. While it may sound fiendishly complex to the uninitiated, blockchain is easy to use. An Continue reading >>

The Environment Needs Cryptogovernance

The Environment Needs Cryptogovernance

The blockchain technology that underpins cryptographic currencies can support sustainability by building trust and avoiding corruption, explains Guillaume Chapron. To improve food traceability, some Indonesian fishermen have logged sustainably caught fish on the blockchain in a trial with UK firm Provenance. Today's modes of governance are prone to corruption and are unable to steer humanity towards sustainability, despite the ongoing global environmental crisis. A technological innovation triggered by another crisis the 2008 financial meltdown offers radical solutions. Bitcoin, an open-source virtual currency, or 'cryptocurrency', was launched by an anonymous developer in 2008 as a way to trade without banks, which were failing. Bitcoin's total market worth exceeds US$28 billion greater than large companies such as Renault. The Bitcoin currency is completely secure because it uses a digital protocol that relies on cryptography: the blockchain. This ledger keeps track of all Bitcoin transactions. No central authority controls the blockchain its operation is distributed across many computer platforms around the world. Bitcoin's strength lies in how it approaches trust. Instead of checking the trustworthiness of each party, the system assumes that everyone behaves selfishly. No matter how greedily traders act, the blockchain retains integrity and can be trusted even if the parties cannot. Bitcoin demonstrates that banks and governments are unnecessary to ensure a financial system's reliability, security and auditability 1 . The arrival of the blockchain has been compared to the invention of double-entry book-keeping (first described in print in the fifteenth century by Italian mathematician Luca Pacioli), which enabled the modern economy. I think that its implications re Continue reading >>

How Will Blockchain Help Tackle The Problem Of Deforestation?

How Will Blockchain Help Tackle The Problem Of Deforestation?

How will Blockchain help tackle the problem of Deforestation? Our world is firmly knot, and this has become fact after the development of the internet technology which has merged the boundaries and brought people together. Another technology which is acting as a catalyst in the creation of universal platform is the blockchain. Being a new technology with a multitude of features makes it the most futuristic technology. We have often heard about blockchain and its association with bitcoin and other cryptocurrencies, but, its application is more than a just financial transaction. There are many different spheres which blockchain can affect and in this blog, I will try to give a new perspective on this technology. Before we head further and understand how blockchain can handle the problem of deforestation, we must first understand the two concepts. Blockchain as many of us know is a shared database where information or transactions are stored in chronological order . This database is not centralized place instead it is distributed across various nodes . So we can say that it is a distributed ledger technology or DLT making use of the peer-to-peer network to validate and verify the transaction. This distribution of data across different nodes makes the information tamper-free and immutable. The basic objective of this technology is t streamline the entire transaction process and reduce the cost by culminating the need for intermediaries to validate the transaction. After the verification of the transaction, the users can trace the entire process of the transaction by viewing the ledger. A deforestation is an act of clearing the wide area of forest for urban use like buying apartments, houses, ranches, etc. This clearance of forest is not merely restricted to climatic change Continue reading >>

Can Blockchain Save Indonesias Forests?

Can Blockchain Save Indonesias Forests?

Twitter Facebook LinkedIn Email Print Article Blockchain technology will be used for the first time this December in an attempt to protect Indonesias rainforests and prevent the peatland haze fires that blight the region on a regular basis. Spearheaded by industry groupCarbon Conservation, the Smart Contract for Good program will automatically distribute funding to villages in Aceh when they successfully reduce incidences of fire in a pilot project beginning next month. This is done through what is known as a smart contract, a computer protocol or set of rules used to verify or enforce the terms of a contract on the blockchain. Rewards will be drawn down from a war chest, or bounty, of $100,000 that has been pledged to the project byIndonesian corporate sponsors and will go toward building infrastructure such as schools and hospitals to benefit thecommunity. Organizers are still working out the details of the payouts but say they arelikely to be capped at $10,000 per village, with the size of therewarddepending on the results achieved. The release of funds is expected to take place on an annual basis, in parallel with Indonesias annual dry season between May and September when fires are the most prevalent.Dorjee Sun, chief executive officer of Carbon Conservation added that mechanisms forrunning the scheme willeventually be put in place to ensure the proper distribution of funds. Carbon Conservation unveiled the project at COP 23, the United Nations Framework Convention on Climate Change meeting in Bonn, Germany. Australia-based Mr. Sun told Eco-Business via email: We want to give communities tangible rewards to support their efforts when they protect their forests. Blockchain technology will be used for the first time this December in an attempt to protect Indonesias Continue reading >>

Blockchain Is Making Inroads Into The Environment Sustainability Industry

Blockchain Is Making Inroads Into The Environment Sustainability Industry

Blockchain is Making Inroads into the Environment Sustainability Industry Join our community of 10 000 traders on Hacked.com for just $39 per month. Businesses are increasingly investigating ways to make their business models more sustainable. Society today is beginning to expect them to mitigate or reduce their negative environmental impacts, while continuing to contribute to the development of society. The blockchain, proponents say, could make this a reality. Experts contend industries such as forestry, energy, fisheries, organic food and mining could be changed by blockchain technology. Many even suggest carbon accounting, air pollution, monitoring, material recycling, and more stands to be transformed thanks to blockchain technology, which provides trust where prior there was none. Big players in the environmental industry are investigating blockchain technology, such as the Programme for the Endorsement of Forestry Certification (PEFC). The PEFC is responsible for more than 300 million hectares (700 million acres) of certified forests, and has investigated the platform as a means for tracing provenance. Other companies investigating the sustainability implications of blockchain technology include impactChoice, Electron, Nasdaq (Linq), L03, IBM and more. Even popular music artist, Sting, has entered the space where blockchain and environmentalism meet. Moreover, the Australian company Power Ledger enables people to buy, sell, and exchange surplus renewable energy without middlemen. The Hack4Climate workshop holds events worldwide to promote the use of blockchain for sustainability measures. The MIT Media Lab promoted climate change and blockchain worldwide at the United Nations COP 23 climate conference held in Bonn, Germany. The May 2017 Conference posited blockc Continue reading >>

How Blockchain Technology Could Save Our Forests?

How Blockchain Technology Could Save Our Forests?

The arrival of blockchain technology has been compared to the invention of double-entry bookkeeping which revolutionized the economy. But it now has implications reaching far beyond finance, to government and sustainability. In terms of sustainability, blockchain development could be a big game-changer as it can generate trust where there is none, empower citizens and bypass central authorities. Especially, most of environmentalists are currently dreaming about blockchains potential to boost the sustainability of forest preservation. So, is it real or just a mirage? Or is there any immense potential in the use of blockchain technology against illegal timber harvesting? But first, lets start from the beginning. Almost any civilization in the history of human beings has been built on timber. For example, if it wasnt for timber, humanity could not have crossed the oceans. Energy, construction, biospheres, as you already know, are all liked to wood. As you can see, the global wood sector is massive in which many people profiting from it. Wherever there is big money involved, corruption, exploitation and illegal activities will be part of the equation. It is no exception for the timber market. In fact, people already completely screwed up forests while the industrial revolution was happening. People destroyed almost all of primeval forests and there is less than 1% left. The oldest and most natural forest in Europe is the Bialowieza Forest in Poland which is on the best way to get destroyed as well. Forest are getting cut down for commodities. Enterprises are trying to address illegal logging, but how can we, as consumers, be sure of the origin of our timber? This is where blockchain technology has to be inserted. Blockchain development and forest preservation Lets take a l Continue reading >>

How Does Blockchain Technology Work?

How Does Blockchain Technology Work?

Vote for CoinDesk's Most Influential People in Blockchain 2017 As stated in our guide "What is Blockchain Technology?" , there are three principal technologies that combine to create a blockchain. None of them are new. Rather, it is their orchestration and application that is new. These technologies are: 1) private key cryptography, 2) a distributed network with a shared ledger and 3) an incentive to service the networks transactions, record-keeping and security. The following is an explanation of how these technologies work together to secure digital relationships. Two people wish to transact over the internet. Each of them holds a private key and a public key. The main purpose of this component of blockchain technology is to create a secure digital identity reference. Identity is based on possession of a combination of private and public cryptographic keys. The combination of these keys can be seen as a dexterous form of consent, creating an extremely useful digital signature. In turn, this digital signature provides strong control of ownership. But strong control of ownership is not enough to secure digital relationships. While authentication is solved, it must be combined with a means of approving transactions and permissions (authorisation). For blockchains, this begins with a distributed network. The benefit and need for a distributed network can be understood by the if a tree falls in the forest thought experiment. If a tree falls in a forest, with cameras to record its fall, we can be pretty certain that the tree fell. We have visual evidence, even if the particulars (why or how) may be unclear. Much of the value of the bitcoin blockchain is that it is a large network where validators, like the cameras in the analogy, reach a consensus that they witnessed the s Continue reading >>

What Can Blockchain Do For The Environment?

What Can Blockchain Do For The Environment?

What can blockchain do for the environment? The digital technology behind Bitcoin is poised to revolutionize how we certify sustainability, use renewable energy and more We are glad to share Ensia articles free of charge under the terms of Creative Commons Attribution-NoDerivs 3.0 Unported license . At the beginning of your post, please attribute the writer and Ensia as the original source and link to the Ensia article. You must use the Get Article link below and use the copied text for your repost. Stories may not be edited without permission from Ensia. Please send an email to [email protected] with a link to the republished story on your site once posted. Images and other visuals are not included in this license. For specific questions related to visuals, please contact Todd Reubold . For other inquiries, email [email protected] . The post is now in your clipboard. You can paste it directly into the WYSIWYG editor of your site. January 26, 2017 A lot of crypto-currency proponents say that blockchains are going to save the planet. Well, I just cant see it. This is not the resounding endorsement you might expect from widely acknowledged blockchain expert Michael Mainelli for the technology most famously associated with the internet-based currency known as Bitcoin . Director of the London-based commercial think tank and venture firm Z/Yen , Mainelli says that the use of blockchains for crypto-currencies is limited because such application tends to be slow and energy-hungry. At the same time, he sees blockchains holding huge promise in an entirely different area. As permanent, tamper-proof databases for any kind of data, shared by a community and owned by no one, they are particularly interesting to environmental groups Mainelli says, because they make it possible to tr Continue reading >>

Hackathon Explores Ways Blockchain Can Tackle Climate Change

Hackathon Explores Ways Blockchain Can Tackle Climate Change

Hackathon explores ways blockchain can tackle climate change Blockchain is increasingly enabling a number of disruptive innovations working to tackle climate change in areas like identifying and tracking emissions , carbon pricing , distributed energy , sustainable land use , and sustainable transport . Following on from a number of blockchain co-creation events and workshops around the world earlier this year, 100 of the top distributed ledger technology and blockchain talents from 30 countries came together for Hack4Climate , a 24-hour hackathon held next to theCOP23 climate change conference. Twenty groups came up with a range of ideas to tackle climate change, and Climate-KICs Daily Planetwas there to see the action. Below are some of the propositions emerging from the event: Autonomi describes itself as the anti-Uber.Despite companies like Uber claiming they would reduce car ownership, Autonomi argues that it has actually led to increase of 600 million vehicles miles. To come up with an idea that really reduces emissions, the team created a new type of mobility service which enables existing public transport and private transport to complement each other, resulting in less vehicles on the road and less carbon footprint. The end-to-end transport booking and payment platform allows users to transition between public and private transport. Blockchain would be used to negotiate payment mechanisms in a system with so many stakeholders, allowing users to offset the carbon footprint of their travel, take out short-term insurance, and collect data for better freight delivery and public transport planning. Another winning team, Gain Forest , wants to incentivise anyone in the world to become a caretaker of the Amazon rainforest (and is now looking for partners for a pilot Continue reading >>

Black Forest Digital Trust Platform

Black Forest Digital Trust Platform

Zero Knowledge Trust Layer = New Paradigm for Digital Trust Digital businesses hold an enormous and growing amount of sensitive information. Despite billions of dollars spent on cybersecurity, breaches of sensitive information continue to grow. Information spends most of its life in a vulnerable state within a database in the enterprise data layer. Your customers trust that this information is safe. Our breakthroughs in high performance searchable encryption keeps your information safe and useful by transforming your data layer into a zero knowledge trust layer. Your trust layer will only receive strongly encrypted information from applications and will never possess the encryption keys needed to decrypt it, making it impervious to theft. Our technology makes this a reality by allowing strongly encrypted information to be efficiently indexed and searched by applications with access to the encryption keys. Today's business ecosystems are inefficient and insecure. Blockchain/distributed ledger has the potential to fundamentally transform how digital businesses interact with their customers, suppliers, and partners by eliminating trusted intermediaries. However, blockchain is a limited technology with serious privacy, security, performance, scale, and consistency limitations. Our breakthroughs in high performance searchable encryption and massively parallel consensus deliver on the promise of blockchain to the enterprise by eliminating these limitations. Our technology provides unprecedented security, privacy, performance, scale, and consistency. We really want to be in the position where only the customer has access to the data. Not us and not anybody else. What is the Black Forest Digital Trust Platform? Black Forest Digital Trust Platform delivers two key components of Continue reading >>

Blockchain Forest (@treetoken) | Twitter

Blockchain Forest (@treetoken) | Twitter

Pending Pending follow request from @treetoken Cancel Cancel your follow request to @treetoken Are you sure you want to view these Tweets? Viewing Tweets won't unblock @treetoken Carbon Contract at Asia BlockChain Expo Message From Founder Sir Nik Tree Thanks. Twitter will use this to make your timeline better. Undo Asia Blockchain Expo 2018 Highlight - - Nik Tree Thanks. Twitter will use this to make your timeline better. Undo unep ! Join the movement for a pollution-free planet: Thanks. Twitter will use this to make your timeline better. Undo Dow J straight up looking like crypto currencies Thanks. Twitter will use this to make your timeline better. Undo Thanks. Twitter will use this to make your timeline better. Undo Come to my event Kuala Terengganu Bitcoin Workshop Preview via Thanks. Twitter will use this to make your timeline better. Undo Verifying my Blockstack ID is secured with the address 13YFNAZPhWoBueCGFQjhYbqmGhuVqzorFL Thanks. Twitter will use this to make your timeline better. Undo Come to my event Tambunan Bitcoin Workshop Preview! via Thanks. Twitter will use this to make your timeline better. Undo Thanks. Twitter will use this to make your timeline better. Undo Thanks. Twitter will use this to make your timeline better. Undo Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information. You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. You always have the option to delete your Tweet location history. Learn more Here's the URL for this Tweet. Copy it to easily share with friends. Add this Tweet to your website by copying the code below. Learn more Add this video to your website by copying the code below. Learn Continue reading >>

Blockchain And Forestry Fraser Larock Medium

Blockchain And Forestry Fraser Larock Medium

The recent announcement for a UN coalition on blockchain technology and the SDGs is a clear sign there could be value, and I think there is huge potential in the forestry/bioproduct industry and carbon in the marketplace. Bioproducts are made from cellulosic (woody) inputs. They could be used for energy, like bioenergy or biojet-fuel, or for plastics and other products. A distributed ledger is digital data shared/replicated/synchronized across multiple sites. Ari David Paul Its a simple way to transfer data in a distributed or disbursed way. Distributed means that it doesnt need a bank or some third party to verify the data, because everyone can verify it that is part of the system or chain. A critical factor for DLT though, its a database, not a data collector. The most obvious benefit of DLT is supply chain transparency and management. Large, multinational supply chains are built on numerous transactions and contract fulfillment. If you cut a tree in Canada, sell it to a broker, who then puts it in a pile to be shipped to Japan, which then gets distributed to a mill, then sold to a housing project in Kyoto. The layers of contracts, transactions and red type is a real challenge, especially when considering timber trading laws, sustainability regulations and forest management practices. This is the main issue with palm oil and biodiesel in the EU right now. Governments pay for bio-diesel, but they end up funding massive deforestation in Indonesia and other places. Because of greed, lack of oversight and transparency. Now, we can set the record straight. Now we dont have to rely on another countrys documentation. DLT can provide transparent, legal documentation as evidence. Evidence that there was no land-use change when creating this bio-diesel or that biofuel. Because Continue reading >>

Mapping The Blockchain Project Ecosystem

Mapping The Blockchain Project Ecosystem

Joshua Nussbaum is a partner at the New York-based venture firm, Compound . Blockchain technology, cryptocurrencies, and token sales are all the rage right now. In the 5+ years Ive been working in the VC industry, this is by and large the fastest Ive seen any area of technology take off in terms of new company (or project) formation. It wasnt too long ago that founders and VCs were mainly focused on centralized exchanges, enterprise or private blockchain solutions, wallets, amongst several other popular blockchain startup ideas that dominated the market from 2012 to somewhere around 2016. However, as I wrote about a few months ago, the rise of Ethereum with its Turing-complete scripting language and the ability for developers to include state in each block, has paved the way for smart contract development. This has led to an influx of teams building decentralized projects seeking to take advantage of the most valuable property of blockchains the ability to reach a shared truth that everyone agrees on without intermediaries or a centralized authority. There are many exciting developments coming to market both in terms of improving existing blockchain functionality as well as the consumers experience. However, given the rapid pace at which projects are coming to market, Ive found it to be difficult to keep track of each and every project and where each one fits into the ecosystem. Furthermore, its easy to miss the forest for the trees without a comprehensive view of what the proverbial forest looks like. As a result, heres a compiled a list of all of the decentralized blockchain-based projects that I have been following, and was able to dig up through research, along with recommendations from friends in the ecosystem. A quick disclaimer: While its difficult to pigeonhole Continue reading >>

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