acm-header
Sign In

Communications of the ACM

ACM TechNews

World Bank Program Looks to Blockchain to Solve Carbon Emissions Data Issues


View as: Print Mobile App Share: Send by email Share on reddit Share on StumbleUpon Share on Hacker News Share on Tweeter Share on Facebook
Carbon emissions from a manufacturing facility.

The World Bank Climate Warehouse, which launched in the spring of 2018, aims to deliver the next step in carbon-tracking with help from blockchain startups.

Credit: Luke Sharrett/Bloomberg

The World Bank's Climate Warehouse program is consulting with cryptocurrency startups like the Chia Network to build a "public-good layer" for climate. Chia's

Gene Hoffman said the layer would impart trust and transparency by sitting atop a blockchain, and allow countries and groups to disclose and vet carbon assets in a centralized fashion.

Chia's data layer harnesses its permissionless public blockchain to allow project peers to exchange data in an auditable manner without ceding control of the data owned by each peer.

Nations using the platform could indicate compliance with the Paris Agreement on reducing carbon emissions by submitting a verifiable dataset.

From Bloomberg Green
View Full Article

 

Abstracts Copyright © 2021 SmithBucklin, Washington, DC, USA


 

No entries found

Sign In for Full Access
» Forgot Password? » Create an ACM Web Account