How Blockchain Tech Can Help Drive a Sustainable Future

As we mentioned last week, this is part two of our two-part series of “Blockchain meet ESG,” an exploration of the challenges and opportunities that confront the crypto and blockchain communities as investors and businesses increasingly demand compliance with environmental, sustainability and governance objectives. This episode was recorded live Tuesday, May 25 2021 at Consensus 2021.

This episode is sponsored by Unique One Network, Mimo and Quantstamp.

In this second episode, our guests address subtleties and niches within environmental, sustainability and governance (ESG). Increasingly, blockchain technologies are employed in a variety of forms across the world to combat specific areas within ESG. These range from indigenous resource allocation and tracking to building sustainable supply chains from the ground up and applying big data to consumer water conservation. And that’s just a taste of what’s underway. At the same time, the blockchain back end’s impact on ESG is being refined, with initiatives angling to avoid worst-case scenarios of innovation, accurately quantify bitcoin energy consumption and reinforce incentives for using clean energy sources.

This time we’ll hear from a diverse array of fascinating guests:

Julius Akinyemi, founder and CEO of UWINCorp, and Lucía Gallardo, founder and CEO of Emerge, discuss blockchain solutions for free and fair trade. The two companies both focus on resource assessment. UWINCorp encodes the data and location of indigenous plants onto the blockchain, while Emerge is building an agricultural resource database.

Tanya Stephens, senior innovation leader at Procter & Gamble, addresses ways to track sustainability through supply chains and a consumer-focused water conservation coalition. The “50L Home” initiative believes that if consumers have the right data at the right time, they will be able to reduce their water consumption to only 50 liters a day.

Austin Hill, founder of Brudder Adventures and the first CEO of Blockstream, explains the “Vulnerable World Hypothesis,” which investigates how current innovations could be abused or misused in the future. Though “Vulnerable World” predicts a dim future, Hill outlines several strategies to avoid the worst-case scenarios.

Meltem Demirors, chief strategy officer of Coinshares, and Anton Dek, research associate at the Cambridge Centre for Alternative Finance, outline methods for quantifying bitcoin’s energy consumption and interpret recent figures. A trend of co-locating mining facilities and renewable energy plants is placing decentralized, smaller-scale facilities on the grid.

Mike Colyer, CEO of Foundry (Foundry is owned by Digital Currency Group, the parent company of CoinDesk), and Jesse Morris, chief commercial officer of the Energy Web Foundation, present the miner’s perspective on the incentives of clean energy sources.

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