Carbon Negative with Blockchain Technology

Blockchain technology is undoubtedly the greatest game-changing innovation of our time because it eliminates the need for middlemen while simultaneously enabling safe, transparent, and almost instantaneous value transfers between users. However, since Bitcoin and many other popular chains continue to use the energy-intensive proof of work (PoW) algorithm, the progress we’ve made toward economic freedom comes at the expense of our planet’s natural resources.

Blockchain technology can offer an institutional-grade infrastructure that is capable of hosting a diverse range of decentralized apps (dApps) and digital assets. This technology has made the claim that it is the most environmentally friendly and the most efficient. At a time when there is a rising concern all over the world about the climate issue, blockchain technology offers solutions that are not only effective but also ecologically friendly.

With blockchain technology, there are many ways in which we can contribute to a sustainable future. One of the ways is by introducing carbon negative projects, which offer users or organizations a way to profit while contributing to a better cause. By creating a blockchain powered carbon negative project, people and organizations can contribute their eco-friendly knowledge or ideas that would help reduce the emissions associated with the emission of greenhouse gases. Thus, a carbon-negative project is actually an investment in the well-being of our future generations.

By using this technology, we can create a better and more sustainable world for our children by making them aware of the environmental issues that are happening on our planet. The blockchain technology itself has been evolving day by day, and hence it has proven to be reliable in many situations. 

source: https://www.linkedin.com/pulse/carbon-negative-blockchain-technology-dr-rehan-altaji-cdaa-