Climate Chain Coalition releases report on blockchain and emerging technologies at COP 27


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The Climate Chain Coalition (CCC), a network of organizations dedicated to leveraging blockchain technology for effective climate action, including Cointelegraph as a member, announced on November 11 at the 27th United Nations Climate Change Conference. Submitted a stock take report at the change conference (COP 27). In Sharm el-Sheikh, Egypt.

Founded five years ago, the coalition has been working on initiatives related to consumption accounting systems and greenhouse gas emissions accounting. Climate Chain Coalition Chairman and Founder Tom Baumann said:

“In that time, the Coalition has grown from 12 founding organizations to over 360 organizations in 69 countries. It was founded in spirit.”

Member of the Climate Chain Coalition at COP 27 in Egypt.

The mission of this coalition is to create resources to support shared data and digital infrastructure, support networking and capacity building, and partner between the digital and climate communities to drive groundbreaking digital climate innovation. It is to solve the problems and issues necessary to promote

Related: How Blockchain Technology Is Changing Climate Action

Cointelegraph Editor-in-Chief Cristina Lucrezia Cornell speaking at COP 27 on the relevance of blockchain in the fight against climate change.

Cointelegraph Editor-in-Chief Christina Lucrezia Cornell commented during a panel discussion:

“Education is important here and the responsibility of the media is incredibly high. The mission of the conference is about climate action, and climate change is much more than that. [than] Just climate change. It’s about sustainability, it’s about our future. ”

Also participating in the panel, Alexey Shadrin, co-founder and CEO of Evercity, a platform for sustainable financial management, issuance and oversight, said the coalition’s efforts will provide use cases and guidance for implementing blockchain technology. highlighted how it supports the organization in To the new projects that are emerging rapidly in the market now. “We believe that these projects are not only innovative and cool, but are out there today and are in line with core UN values ​​and standards developed by many experts inside and outside the UN process. I would like to confirm the

Digital assets have been criticized for being energy intensive, but such accusations are inaccurate. Because there is a distinction between cryptocurrencies and underlying blockchain platforms that are energy efficient and capable of supporting climate initiatives.