Using blockchain to fight climate change.

August 8, 2018 Exergy Storylabs Particapants @ WeWork FiDi

New technological breakthroughs like blockchain have lower the barriers of entry for people to play a role in shaping many industries. Could the same be done for energy?

This morning at the WeWork space in Lower Manhattan's Financial District, a group of like-minded strangers gathered to discuss how people can strategically disrupt the causes behind climate change by using blockchain managed platform. If emissions from burning coal, oil and gas are among the top reasons behind climate change, what known actions can people take today to reduce the impact as individuals?

Here is a summery of today's workshop:

If blockchain technology could be used to build a new kind of energy exchange that’s keen on local preferences, what’s an example of new energy standards people would value and want to see offered?

  • Peer-to-Peer transactions of local energy

  • Keeping money spent on energy in the community

  • Empowered to choose source of energy

What if trust could be established through mass collaboration and clever code, how could aggregating data from a mass quantity of energy consumers and producers be useful in advancing new energy standards that address the climate change crisis?

The Opportunities:

  • Empowering individuals to make choices that align with their values

  • Quantify carbon emissions for actions

  • Data quantitatively and qualitatively to reduce waste and increase efficiency

The Challenges:

  • Being able to collect accurate data

  • Avoiding the generation gap effect and driving more inclusiveness

  • When in pursuit of everything smart, know the hidden costs, downside and risks

4 views0 comments
  • Black Facebook Icon
  • Black Twitter Icon
  • Black YouTube Icon
  • Black Instagram Icon