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Blockchain is commonly associated with but blockchain offers greater transparency it can also be used applying new forms of energy.
Blockchain is commonly associated with but blockchain offers greater transparency it can also be used applying new forms of energy.
Prev Post Next Post. This might revolutionize the trading of energy commodities and give individuals new opportunities to exchange extra energy, carbon credits, and other items. Existing energy companies can participate too, but they would have to adapt their existing technology and business plans. By tracking the effectiveness of nature-based solutions for carbon capture and avoided emissions, blockchain can prevent the double-counting of carbon credits, maintain the quality of reforestation or conservation projects, and ensure the transparency of the carbon market. Additionally, the platform will be implemented in the Power to Green Hydrogen project, designed to create a green ecosystem on the island of Mallorca Spain.
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