How does one get from the current hopped-up non-fungible token craze to a net-zero world in less than 30 years or less? It may start with the Biden Administration. With steep targets to slash greenhouse gas (GHG) to reach net-zero emissions economywide by no later than 2050, global businesses and industrial companies are deeply amid a flurry of churning nerves and strategies aimed at tackling the crisis at hand.
We often hear about applications of technology bound to alter the status quo. Blockchain, notably, has had its fair share in the limelight with much focus on cryptocurrency, tokens and mining. But this is misplaced idolatry, and while several crypto-enthusiasts have made bank (pun intended) on decentralized electronic currencies, the real near-term value of blockchain is in tethering the technology to the mitigation of climate change.