El Salvador has left the whole world wondering whether it should follow suit after adopting bitcoin as legal tender this month, despite critics saying it comes with huge social, economic and political burdens. Africa, particularly Tanzania, could become a carbon copy of El Salvador.
As the main reason for drastic climate deviations taking place recently is considered to be carbon emissions, and conventional methods of its regulation obviously do not work well, countries are forced to seek innovative alternatives. Among other technologies, special attention has been paid to blockchain.
The small enclave nation bordered by Italy, iRepublic of San Marino, has signed a Memorandum of Understanding (MoU) with VeChain Foundation Ltd and DNV GL, to adopt blockchain so they can define blockchain systems that have the potential to boost adoption of upright behavior by residents and set favorable conditions which will attract fresh projects to the country, hence embracing the digital revolution and evolution of the whole economic structure. The country is trying to consolidate its strategy of developing, promoting and implementing the technological novelty ecosystem using groundbreaking blockchain tech.
In the effort to achieve zero tolerance to carbon dioxide emissions using blockchain and other groundbreaking technologies in Italy, the international certification authority DNV GL partnered with VeChain, a giant technology service provider, to establish a platform with the potential to apply the technology and reduce the bi-oxygen demand (BOD) and other carbon emissions.
Crypto and rare metallic chemical elements of high economic value, such as gold and platinum share some significant similarities and eleutheromaniacs love them very much. They are both mined, consume too much energy under complex conditions and their valences are social produces.
A study reveals that implementing Bitcoin (BTC) at the same rates at which other major technologies have been incorporated could itself create enough emissions to increase world temperatures by 2°C by 2033.
Right now the world is experiencing the environmental pollution problem. Even waste recycling affects the nature, and we’re not talking about damage done in the process of dumping the waste into the sea.