Yesterday the World Economic Forum (WEF) published a report where it revealed how important it considers the implementation of Blockchain technology in digital finance.
Digital finance and Blockchain go hand in hand
Like Bitcoin, the Blockchain has managed to demonstrate its potential. In fact, we have observed how it begins to be implemented in various areas.
Thus the WEF saw potential in the Blockchain to be used in sustainable digital finance. But what are they?
The WEF report explains that sustainable digital finance “Take advantage of emerging technologies” to support sectors that “Support a transition to a low-carbon economy.”
In this way, when the WEF mentions emerging technologies, it refers to Blockchain technology along with artificial intelligence and the Internet of Things as cornerstones of sustainable digital finance.
The WEF’s perspective is that these technologies can help governments and companies meet their sustainable development goals.
“We believe that sustainable digital finance will play an essential role in the efficient channeling of this capital”, UBS executive Karin Oertli explained.
We must care about our environment!
Our environment has suffered as a consequence of our growth and development as a society. Time to do something to help him!
The idea of using the technologies we have created for friendly purposes with our environment are excellent. Previous OECD research also found potential in the Blockchain.
According to the research, the Blockchain must be viewed as a “Digital enabler for sustainable finance”; as well as a tool for the reduction of carbon emissions.
«The main properties of the Blockchain can allow a deeper technological integration, standardization and the possibility of new business models.
Various countries have incorporated their efforts to reduce their annual CO2 emissions. However, globally, these CO2 levels continue to rise.
So, the fight for the recovery of the environment continues.
An essential tool
Blockchain technology was long underrated; mainly due to the few projects that successfully implemented the technology.
Mainly the Blockchain had to stop being associated with crypto. In general, that gave it a bad connotation.
However, over the last few years, the Blockchain has proven its versatility. And in doing so, it has earned the respect of the industry.
Thus, the number of projects that use it have increased; which range from economic to social purposes.
The question now is: How useful will it be for the environment? Will it help us in this fight? Probably yes.