Chain News by Thebittimes.Com

Regenerative economy and finance projects are tapping into blockchain technology for increased utility, transparency and decentralization. Blockchain technology is having a tangible positive influence on environmental stewardship through innovative projects that are retiring carbon credits, generating staking yields to support ecological initiatives and incentivizing communities to monitor and protect natural resources. Cointelegraph delved into the world of regenerative economies and finance at Solana Breakpoint in Amsterdam, facilitating a panel featuring three speakers that are intimately involved in projects leveraging blockchain technology to work towards meeting sustainable development goals (SDGs) around the world. The Smith School of Enterprise and the Environment defines a regenerative economy as a movement “away from extractive business models” that aim to power “the potential for positive contributions for nature and society”. GainForest is a prominent example of a blockc...

The platform makes the first use case of a so-called “Proof of Climate” blockchain protocol. Two banks from Sweden and France announced the launch of a new digital bond platform built on blockchain technology. The platform will enable institutional clients to issue, trade and settle bonds digitally, providing a more efficient and secure process than traditional methods. The platform is a joint project of Skandinaviska Enskilda Banken (SEB) and Credit Agricole Bank, called “so|bond.“ According to the announcement from April 3, the blockchain network will be using a validation protocol, “Proof of Climate awaReness,” and minimizing its environmental footprint. The Proof of Climate awaReness protocol is said to enable an energy consumption comparable to non-blockchain systems, and incentivize participating nodes to improve the environmental footprint of their infrastructures. Each node will be remunerated according to a formula linked to its climate impact: the lower the environmental...