Is blockchain the singularity point for the environment?
“Put simply, blockchain is the name for a digital ledger in which transactions (often made with “tokens” or a cryptocurrency such as Bitcoin) are recorded chronologically and publicly. Applying this to carbon credits to create a “carbon currency” is the key to demystifying and consolidating the carbon market so it can scale up. Carbon credits are the perfect candidate for a digital currency as they are data-driven, rely on multiple approval steps and exist separately to the physical impacts to which they correlate.
Imagine a world in which carbon emissions and credits can be tracked transparently and reliably. Retailers will be able to sell a product and take into account the carbon impact it creates at the same time. Governments will be able to measure, track and trade emissions transparently. And crucially, for the first time, consumers will be able to understand the environmental impact of the products they are buying — both positive and negative — at the point of sale, and will be able to mitigate this in an instant, with millions of micro-transactions scaling up to make a huge collective impact…”
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https://www.greenbiz.com/article/blockchain-singularity-point-environment