“…what can the new blockchains do for the environment? As a paper presented to the European Council for an Energy Efficient Economy, or ECEEE, argued: Blockchain can streamline processes, eliminate wasteful portions of a supply chain, and cut inefficiency-driving middlemen. The authors also call attention to blockchain’s potential for tracking and thereby discouraging environmentally destructive behavior.
Utility companies, to take just one example, could use blockchain to prove to consumers that the energy they use derives from clean and sustainable sources, rather than oil, gas and coal. In one case, blockchain helps the environment by stopping unsustainable practices. In the other case, blockchain spurs change by shining light on bad actors. In both scenarios, the world changes for the better…”