Dfinity founder and chief scientist Dominic Williams told Cointelegraph that blockchain networks can support the creation of trustless infrastructure that incentivizes climate positive action.
Dominic Williams, founder and chief scientist at Dfinity, says blockchain technology and its decentralized and trustless nature, gives it a unique ability to assist in the fight against climate change.
Williams told Cointelegraph there are three ways in which blockchain can address climate challenges. Blockchain networks can support the creation of trustless infrastructure that offers incentives for climate action, increases efficiency and provides an alternative to traditional information technology, which has a “huge carbon footprint.”
According to Williams, blockchain networks like the ICP provide trustless infrastructure that eliminates third parties and allows for secure and transparent data verification. “This can be leveraged to ensure proper recycling and handling of waste materials by tracking them from origin to destination,” he added.
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