UNFCCC weighs blockchain use cases to combat climate change with Cointelegraph

by · July 4, 2022

UNFCCC weighs blockchain use cases to combat climate change with Cointelegraph

The United Nations Framework Convention on Climate Change (UNFCCC), together with climate entrepreneurs and Cointelegraph, delved into the role of new technologies, such as blockchain solutions to global problems such as climate change.

During the DigitalArt4Climate press conference, editor-in-chief Kristina Cornèr took the stage to understand the various blockchain initiatives that actively combat climate change. The start of the conversation was Anna Dart, a digital avatar by DigitalArt4Climate who shared the idea of ​​bringing artists together to inspire climate change:

“We are blessed to have the opportunity to influence our world with the transformative power of art and environmentally friendly blockchain technology together.”

As part of the initiative, the finalists’ digital art will be displayed as pure non-fungible tokens (NFT) across various UN initiatives related to climate change. Miroslav Polzer, founder and CEO of the IAAI and the strategic director of the Climate Chain Coalition, took over the conversation as he explained the next phase of the initiative – which involves mobilizing resources or resources.

Panelists at the UN climate conference. Source: UNFCCC

Polzer explained that the sale of the pure NFT aims to support the UN’s youth-focused Sustainable Development Goals initiative – with 15% of the artists’ income and 35% to the Youth Climate Action Fund. The remaining 50% will be dedicated to institutional and technological infrastructure for non-party stakeholders including DigitalArt4Climate management, United Citizens Organization DAO setup, education and GloCha GoodLifeApp.

Irina Karagyaur, Head of Ecosystem Growth and BD at Unique Networks, delved into the technical aspects of climate change NFTs, bringing power back to creators and humans.

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She supported Unique Network’s decision to build proof-of-stake (PoS) NFTs over Polkadot, citing the need for a lower carbon footprint, especially in combating climate change:

“In general, the industry is moving to PoS to enable climate and ESG initiatives and to improve and reduce energy consumption by 99%.”

Dolphine Magero, CEO of the Global Youth Climate Action Fund Institution, also stressed the importance of including artists who want to participate in the global fight against climate change.

According to Karagyaur, the embossing of an NFT on Unique is equivalent to releasing a carbon footprint of a single human breath, which can be used to conduct climate action. Unique Networks saw widespread use of the technology, and launched an open NFT marketplace where artists can create environmentally friendly NFTs to drive various climate change:

“It is a blue sea to do good, please contact us, give us your idea and become part of the movement.”

Related: Iota Foundation joins Dell to develop real-time carbon footprint tracking

Dell’s edge solutions team announced the introduction of the Iota Foundation, technology company ClimateCHECK and BioE, which focus on climate change to develop a solution on top of Dell’s internal Data Confidence Fabric (DCF) and Project Alvarium initiatives.

Mathew Yarger, Head of Sustainability at the Iota Foundation, stated:

“Transparency and trust in data are crucial to tackling the global problems of climate change and the transition to climate action.”