Climate Change & How Blockchain Tech Would Send Help

From upsetting the food supply chain to increasing emissions of dangerous gases, climate change has wreaked havoc on many fronts and altered the functioning of our environment. Raj Chowdhury, the CEO of HashCash, discusses the ways in which blockchain technology might aid the movement to combat climate change.

Climate change is an increasing difficulty that needs rapid action in the midst of a global energy crisis, the Russia-Ukraine conflict, and rising prices. Food production is in jeopardy as a result of the abrupt change in weather patterns, which is also contributing to the unpredictable rise of famines and cyclones around the world and melting arctic ice, which might lead to catastrophic flooding.

On the 12th of December 2015, 19 countries ratified an international convention on climate change commonly referred to as “The Paris Agreement.” The temperature increase caused by human activities on Earth is to be kept to under 1.5 degrees Celsius, as per the treaty’s stated goal. Blockchain technology is at the forefront of the climate action movement, which aims to speed up efforts to combat climate change and related problems.

Mr. Raj Chowdhury, CEO of HashCash and a pioneer in the blockchain space, claims that “the Paris Agreement, intends to preserve 1.5 degrees Celsius to avert global warming.” Decentralized ledger technology is crucial for the precise monitoring, generation, and distribution of the energy used to combat climate change while developing countries raise climate financing to meet the goal.

In recent years, blockchain technology has skyrocketed in popularity as it disrupted numerous markets. Data integrity and transparency are critical variables in creating effective climate policies and initiatives. Since blockchain is immutable and transparent, it can be used to help in the fight against climate change. Supply chain management, clean energy, renewables, forestry, agriculture, food, and many other industries stand to benefit greatly from this technology.

A worldwide shift calls for worldwide collaboration to improve government. Chowdhury argues that blockchain technology might be used to exchange data instantly around the world without the risk of data tampering. He has already talked on the importance of blockchain technology in patent claims and the possibilities of blockchain in the educational sector.

When it comes to blockchain innovation, HashCash is a world leader. The company has strategic partnerships with international brands, allowing it to sell its highly regarded items in more than 26 countries across 6 continents. Retailers are increasingly interested in accepting crypto payments using the HashCash-developed payment processing software. All of the company’s white-label goods, including the ones that serve as a link between banking and fintech, are currently on sale.

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Several countries’ intentions and goals were outlined at the recent COP27 Climate Change Conference in Egypt. Even as the globe struggles with inflation and war, the fight against climate change continues indefinitely. Climate change is only one of many global problems that can be addressed thanks to blockchain technology, which is transparent, permanent, and easily verifiable.

Specifically, Raj Chowdhury:

Blockchain innovator Raj Chowdhury serves as the Managing Director of HashCash Consultants. The first use of Blockchain Technology for interbank Trade Finance and Remittance was pioneered by Raj, who did so between two of the world’s major banks. In the Blockchain and cryptocurrency communities, Raj is a well-known figure who frequently communicates with regulators. He has advised major corporations on how to best implement Blockchain technology and has written for publications such as Economic Times, Business World, and CNNMoney. He is involved with Asha Silicon Valley, an organization that promotes literacy and learning in developing nations. Raj is a member of the philanthropic community, an investor in blockchain and cryptocurrency companies, and the author of the book The Dark Secret of Silicon Valley.

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