Web3 technologies are generally known for their fundamental role in cryptocurrencies, but they have many applications beyond finance.
In 2023, we are uniquely positioned to leverage cutting-edge technologies to address and solve some of the most important environmental challenges of our time.
The digital and decentralized paradigm of Web3 is no longer a distant future or an abstract concept, it is our current reality. It is time to exploit its full potential, particularly in our fight against deforestation and the environmental problems linked to it.
Marc Johnson is Head of Climate and ESG at Filecoin Green, a nonprofit and public benefit company working to decarbonize the Filecoin network.
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One of these issues is deforestation, a persistent global concern that has devastating consequences for climate change, biodiversity and indigenous communities.
Recent European Union legislation requires that products sold in the common market do not contribute to deforestation anywhere in the world. This is a significant step forward, but it also poses complex verification and compliance challenges.
This is where Web3 technologies come into play, offering a potentially revolutionary solution.
Web3 technologies are generally known for their central role in cryptocurrencies, but they have many applications beyond finance.
Using content-directed data and decentralized data storage, these technologies can help ensure that every product, from cocoa to printed paper, that enters or leaves a market can be traced back to its origin.
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