#libra#Binance
07/11/19 08:18 UTC-5

Blockchain is fighting illegal logging in the world

Blockchain against logging
Blockchain against logging

Blockchain, the technology underlying cryptocurrencies such as Bitcoin, has been named one of the greatest inventions in recent history. The interest in blockchain technology has spread everywhere, is actively continuing its development in the world and carries with it countless work aimed at improving our life and ecology.

 

What will the massive deforestation lead to

About 30% of the world's land is forested. But unfortunately, sections of forests that make up about half the size of England are lost every year.

The causes of deforestation are mainly related to the production of commodities, but there are also many other reasons, such as:

  • The collection and creation of ingredients for commodities, such as palm oil, which is obtained from palm trees.
  • Cleaning up the territory for new buildings, fields, pastures and farms for the production of meat, crops and other types of products or drinks of mass production.
  • For harvesting wood to create paper, houses, furniture, etc.

 

If the world's rainforests continue to be destroyed at such a pace, they will completely disappear in the next 100 years.

This can cause serious problems for humanity, as trees provide several benefits. They help prevent global warming due to their ability to absorb carbon dioxide and release oxygen in its place, and deforestation actually accelerates the process of global warming.

In places like Indonesia and Brazil, rainforests are being cut down very rapidly. In Indonesia, this is being done to make way for palm oil plantations. In Brazil, due to the lack of a centralized land cadastre in the country to clear pasture land for livestock.

Also, due to deforestation, the population of the world's forests — birds, mammals, amphibians, and reptiles — has declined by more than 50% over the past 40 years. Scientists warn that this could have disastrous consequences for the forest ecosystem and accelerate climate change – many animals play an important role in maintaining tree health.

This is a problem, the effects of which are felt throughout the world.

Blockchain is revolutionizing sectors across the globe, and this technology can be a good tool to prevent further massive illegal logging and the threat of global warming.

 

How blockchain will help to counter the problem of deforestation

Blockchain can fix the existing environmental problem and help prevent further deterioration of the situation. The technology can be used to provide more accurate records, increase the transparency of timber supply chains and ensure the legitimacy of participants in the logging industry.

Blockchain is effective when it comes to maintaining the integrity of any kind of records, such as land records or logging permits. Although enforcement is left to local law enforcement in forest areas, the blockchain can provide governments with a way to track changes in forest cover over time, making land records unchanged. Blockchain can also be used to track pieces of wood from the moment they are registered to their final destination throughout the supply chain.

This will give regulators a much broader view of the entire forestry industry and at the same time encourage loggers to follow the law.

The TreeCoin project is already working on a solution to these global problems.

The project uses Blockchain technology and created Hybrid Token Offering (HTO), an alternative to traditional investments.

“We bought fallow lands on which we plant eucalyptus trees. They grow rapidly and will serve as an alternative to rainforest timber. By offering the wood of our planted eucalyptus trees, we save the rainforests from further deforestation.”

“The mission of TreeCoins is to preserve nature.”

 


The problem of global warming is one of the most important problems of our time, which requires the concerted efforts of all governments and citizens. And although the blockchain will not resume losses, the technology can certainly help us develop the tools that are needed to improve all the tasks of this industry and prevent a global global catastrophe.

Editor: Yuliya Soroka

#blockchain #forest #ecology #catastrophe

Comments

Similar

19/11/19 08:17 UTC-5

Blockchain technology is able to preserve the world's animal population

The consequences of environmental crime and illegal trade are enormous and often irreversible. Environmental issues are at the forefront of the political agenda in many countries. These problems led to the mass extinction of animals on the planet. Wildlife poaching has also become more rampant and unpunished. As a result, thriving wildlife has now become endangered.

25/10/19 21:00 UTC-5

Using Bitcoin cryptocurrency for global charity

In a competitive environment, charity is not easy. According to the National Center for Charitable Statistics (NCCS), more than 1.5 million non-profit organizations are registered in the United States. To successfully exist, they need to fight to be “heard” by society.

20/06/19 08:30 UTC-5

Useful crypto investments: “Gift a Life” – charitable organization

Russia's largest charitable foundation “Podari Zhizn” (translated as “gift a life”) was established on November 26, 2006 by actresses Dina Korzun and Chulpan Khamatova. The main tasks of the organization are to raise funds for the treatment and rehabilitation of children with oncological and hematological diseases, as well as provide financial assistance to specialized clinics.

07/09/19 05:00 UTC-5

Blockchain technology can help poor people around the world

​Cryptocurrency and blockchain are developing rapidly around the world to service virtual peer-to-peer transactions using digital currency. This allows people to send money directly to the recipient without intermediaries. Virtual money has made everyday life a lot easier for many of us, but can it help fight poverty in countries?

08/08/19 11:00 UTC-5

Cryptocurrencies – as a way to help homeless pets

​Governments around the world are increasingly interested in developing the blockchain and adopting a digital currency for charity, although few have introduced clear rules regarding the new type of currency at the legislative level.