Blockchain will make sure green pledges aren’t just greenwash: a new initiative by young leaders at the World Economic Forum

blockchain

(Hitesh Choudhary, Unsplash)

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum.

Author: Robin Pomeroy, Journalist, World Economic Forum


When a country or a company makes a promise to reduce carbon emissions, respect fishing quotas or cut toxic output, how can we be sure they’ll keep their word?

The truth is, it’s often extremely hard. But a new initiative – Global Ledger – led by a group of World Economic Forum Young Global Leaders (YGLs) aims to change that.

Using data from a nearly-infinite array of observation devices – drones, cameras, nano-satellites and soon-to-be-ubiquitous Internet of Things applications – reliable and unbiased information can be gathered and then stored using blockchain technology, which ensures data is verified and almost impossible to manipulate.

“There will be so much data they won’t be able to game it,” said Dorjee Sun, co-founder of blockchain startup Perlin and one of the YGLs behind the Global Ledger project. The initiative was launched Tuesday at the World Economic Forum’s Annual Meeting of the New Champions in Dalian, China.

Most countries around the world have promised to limit their greenhouse gas emissions, but, as Sun said, “what’s quite surprising is today there isn’t really concrete, globally accepted, standardized scientific data that can show those commitments are met.”

For example, the UK recently promised to reach net-zero emissions by 2050.

“This could actually be substantiated by Global Ledger because we would have the ability to aggregate data from public sources as well as corporates – what we call data philanthropy – and would be able to create meaningful results and monitoring and report cards.”

Global Ledger’s other leader is Helen Hai, a UN Goodwill Ambassador for industrialization in Africa who also heads the Blockchain Charity Foundation,which aims to use blockchain to achieve sustainable development.

Helen Hai and Dorjee Sun, founders of Green Ledger, at the World Economic Forum’s AMNC19
Image: Robin Pomeroy

Hai defines the Ledger as “a transparent platform providing trackable, non-changeable data.”

The plan is to make the data available open to anyone – governments, NGOs, companies and the general public – so they can verify environmental commitments are being kept.

“Young people today want more than just activism, they want participation. So if they are able to participate by securing this distributed ledger, by running a node – a way of participating in the blockchain process – by also lobbying and pressuring for more data to be disclosed, I feel that it allows the young people to do more than just strike,” Sun said.

Problems such as climate change, deforestation, over-fishing, pollution and garbage disposal will remain tough challenges, but the leaders behind Global Ledger believe those issues will at least be easier to monitor – something that should mean more environmental promises will be kept.

the sting Milestone

Featured Stings

Can we feed everyone without unleashing disaster? Read on

These campaigners want to give a quarter of the UK back to nature

How to build a more resilient and inclusive global system

Stopping antimicrobial resistance would cost just USD 2 per person a year

‘Stealing’ food from hungry Yemenis ‘must stop immediately’, says UN agency

US migrant children policy reversal, still ‘fails’ thousands of detained youngsters: UN rights experts

The 5 mistakes we’re making in the fight against global energy poverty

EU Commission expects consumer spending to unlock growth

EU-UK Statement following the High Level Meeting on 15 June

5 futuristic ways to fight cyber attacks

Remarks by Commissioner Lenarčič on the deployment of EU Medical Teams to Italy

How the digital finance revolution can drive sustainable development

IMF: When high yield goes boom

UN relief official in Yemen condemns ‘horrific’ attack on passenger buses

National parks transformed conservation. Now we need to do the same for the ocean

UN member states express their will to tackle global migration but specific actions are still missing

New UN-supported farming app is cream of crop in tackling Sahel pest

COVID-19: EU co-finances the delivery of more protective equipment to China

Parliament backs a modernised EU electoral law

Is your business model fit for the Fourth Industrial Revolution?

More efforts needed to boost trust in business and finance

3 reasons why Singapore is the smartest city in the world

Although Greece is struggling to pay salaries and pensions Varoufakis is “optimistic”; the Sting reports live from EBS 2015

A shipping industry leader explains how to keep supply chains moving amid a pandemic

EU and China in search of a win-win agreement through strategic cooperation ahead of the EU-China summit

Burning Amazon rainforests: Darting towards the doom of Human Race

FROM THE FIELD: ‘Hope’ on the horizon as UN Peacekeepers push deep into Mali

“Is Europe innovative? Oh, Yes we are very innovative!”, Director General of the European Commission Mr Robert-Jan Smits on another Sting Exclusive

Spread of polio still an international public health concern

New citizenship law in India ‘fundamentally discriminatory’: UN human rights office

EU unveils plan to accelerate Capital Markets Union ahead of London’s departure from the bloc

Mali just took a huge step towards universal healthcare

Women outliving men ‘everywhere’, new UN health agency statistics report shows

First-ever World Braille Day underscores importance of written language for human rights

The West and Russia impose a new order on the world

Praising Roma’s contributions in Europe, UN expert urges end to rising intolerance and hate speech

Security Council welcomes Yemen breakthrough, but lasting peace remains a ‘daunting task’

This woman changed the world of work – and you’ve probably never heard of her

Can Obama attract Iran close to the US sphere of influence?

UN launches plan to promote peace, inclusive growth in Africa’s Sahel

European Commission presents comprehensive approach for the modernisation of the World Trade Organisation

SMEs are driving job growth, but need higher investment in skills, innovation and tech to boost wages and productivity

Structuring Your Perception: The Key to a Good Mental Health during COVID-19

Does the world have strong enough institutions to handle risks like Trump and Brexit?

5 facts to know about Africa’s powerhouse – Nigeria

Prevention is key to ‘breaking the cycle of HIV transmission’, UN chief tells General Assembly

Trump’s Pandemic Failure: A Missed Opportunity

Greece: Tsipras’ referendum victory does not solve the financial stalemate of the country and its banks

5 lessons from China on how to drive sustainable growth

Public climate finance to developing countries is rising

Canada has the most comprehensive and elaborate migration system, but some challenges remain

How much time has the ‘European Union of last chance’ left?

Long-term EU budget: Parliament wants safety net for beneficiaries

Yemen: Security Council backs new mission in support of key port city truce

The result of European Elections 2019 seals the end of the business as usual era in Brussels

Syrian civilians must be protected amid ISIL executions and airstrikes: Bachelet

UN Committee says Ebola in DR Congo still an international public health emergency

OECD will follow Canadian proceedings addressing allegations of political interference in foreign bribery prosecution

Hunger in Yemen: WFP considers aid suspension in face of repeated interference by some Houthi leaders

Ten UN peacekeepers killed in a terrorist attack in northern Mali

New General Assembly President brings ‘valuable insights’ into key UN challenges

The G7 should take the lead on ocean targets for 2020

The DNA of the future retail CEO

‘Cataclysmic events’ in Hiroshima, Nagasaki, began ‘global push’ against nuclear weapons says Guterres, honouring victims

More Stings?

Advertising

Trackbacks

  1. […] Blockchain will make sure green pledges aren’t just greenwash: a new initiative by young leade… […]

  2. […] Blockchain will make sure green pledges aren’t just greenwash: a new initiative by young leade… […]

  3. […] Blockchain will make sure green pledges aren’t just greenwash: a new initiative by young leade… […]

  4. […] (function(d, s, id) { var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) return; js = d.createElement(s); js.id = id; js.src = ‘https://connect.facebook.net/en_US/sdk.js#xfbml=1&appId=249643311490&version=v2.3’; fjs.parentNode.insertBefore(js, fjs); }(document, ‘script’, ‘facebook-jssdk’)); Source link […]

  5. […] (function(d, s, id) { var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) return; js = d.createElement(s); js.id = id; js.src = ‘https://connect.facebook.net/en_US/sdk.js#xfbml=1&appId=249643311490&version=v2.3’; fjs.parentNode.insertBefore(js, fjs); }(document, ‘script’, ‘facebook-jssdk’)); Source link […]

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s