The United Nations has announced that it has created a new assembly titled the Climate Chain Coalition, which will utilize blockchain technology to aid in ending climate change.
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“[The coalition] will cooperate to support the rapid advancement of DLT solutions to address climate change across mitigation and adaptation through enhanced climate actions, including but not limited to the measurement, reporting and verification (MRV) of the impact of all sorts of intervention, and the mobilization of climate finance from diversified sources,” the U.N. wrote in an official post.
The U.N. will be exploring the application of the technology for solutions to observing carbon emissions, exchanging clean energy, and fund allocation.
“To fully and promptly mobilize this potential, broad collaboration among stakeholders is needed to direct resources to priority areas, avoid duplication of effort, and help avoid the pitfalls of working on a new technology with countless unknowns,” stated Massamba Thioye, Manager of the United Nations Framework Convention on Climate Change.
32 U.N. members have partnered together seeking participation from programmers with expertise in the blockchain space.
The U.N. has already accomplished a trial resulting in philanthropic assistance to Syrian migrants utilizing the ethereum blockchain.