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

blockchain 19

(Thought Catalog, 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.

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

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

Benefits of rural migration effect often overlooked, new UN report suggests

Politicization of migrant ‘crisis’ in Hungary making them scapegoats, independent UN human rights expert warns

What do the economic woes of Turkey, Argentina and Indonesia have in common?

Latvian economy is thriving, but boosting productivity, improving social protection and transitioning to a low-carbon productive model are vital for sustainable and inclusive growth

EU elections: The louder the threats and the doomsaying the heavier the weight of the vote

Bundestag kick starts the next episode of the Greek tragedy

The Europe we want: Just, Sustainable, Democratic and Inclusive

Blockchain can change the face of renewable energy in Africa. Here’s how

FROM THE FIELD: Weather reports come to aid of Uganda’s farmers

Concern rising over fate of Rohingya refugees sent home by India: UNHCR

The MWC14 Sting Special Edition

We don’t need to ban plastic. We just need to start using it properly

Huawei answers allegations about its selling prices

How telehealth can get healthcare to more people

Eurozone stuck in a high risk deflation area; Draghi expects further price plunge

EU-Japan trade agreement enters into force

UN agency chief calls Ethiopia’s revised refugee law ‘one of most progressive’ in Africa

Digital transformation and the rise of the ‘superjob’

The next Google in biotech: will it be Chinese?

DR Congo: efforts to control Ebola epidemic continue, UN food relief agency doubles assistance to affected people

Amsterdam is getting a 3D-printed bridge

I cycled over 6,000km across the United States to document climate change. Here’s what I learned

3 ways to fight stress at work

Germany’s strong anti-bribery enforcement against individuals needs to be matched by comparably strong enforcement against companies

We all have a ‘hierarchy of needs’. But is technology meeting them?

Technology can help us end the scourge of modern slavery. Here’s how

Saudi Arabia, China, among 14 nations under UN human rights spotlight: what you need to know

European Parliament and Eurovision sign partnership for European Elections

France is building a village for people with Alzheimer’s

Greece’s last Eurogroup or the beginning of a new solid European Union?

UN ‘prioritizing needs’, ramping up aid, as Hurricane Dorian continues to batter the Bahamas

Gender equality and medicine in the 21st century

“Leaked” TTIP document breaks post 8th negotiations round silence and opens door to critics

‘Crippling to our credibility’ that number of women peacekeepers is so low: UN chief

Women must be at ‘centre of peacekeeping decision-making’, UN chief tells Security Council

This app lets you plant trees to fight deforestation

Africa Forum aims to boost business, reduce costs, help countries trade out of poverty

EU–US: What is the real exchange in a Free Trade Agreement?

Eurozone: Even good statistics mean deeper recession

The EU Commission vies to screen Chinese investment in Europe

With security improving in DR Congo’s Kasai, thousands of refugees head home from Angola

Partnerships key to taking landlocked countries out of poverty: UN Chief

These are the world’s 20 most dynamic cities

Biggest London City Banks ready to move core European operations to Frankfurt or Dublin?

New Erasmus: more opportunities for disadvantaged youth

What is digital equality? An interview with Nanjira Sambuli

‘Race against time’ to help women who bore brunt of Cyclone Idai: UN reproductive health agency

At UN, Cuba slams US ‘criminal’ practices undermining country’s development

UN chief hopes for new agreement after Israel concludes international observation mission

Migrant workers sent more money to India than any other country last year

Security Council condemns ‘heinous and cowardly’ attack in Iran

Opening – Parliament expresses support for victims of Fuego volcano in Guatemala

Kenya wants to run entirely on green energy by 2020

A Sting Exclusive: “The Digital Economy and Industry are no longer opposing terms”, Commissioner Oettinger underlines live from European Business Summit 2015

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

This is what the world’s CEOs really think of AI

COP21 Breaking News: “We must accelerate the process”, Laurent Fabius cries out from Paris

Migrant caravan: UN agency helping ‘exhausted’ people home

European Citizens’ Initiative: Commission registers ‘Mandatory food labelling Non-Vegetarian / Vegetarian / Vegan’ initiative’

More Stings?

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