How blockchain technology is helping fight climate change - C+Charge!
2022 saw a string of environmental disasters happen everywhere in the globe. Widespread flooding was reported from Africa to Asia and in Europe. The loss of life, damage to property and utter destruction of entire livelihoods caused by natural disasters cannot be accurately put to scale. While we can easily point to nature as the source of such tragedies, human activities on our planet is actually the main culprit here. For example, we know about climate change.
Depletion of the Ozone layer have brought disaster in recent times. Man's activities tinkering with the delicate balances in nature have meant that the earth is no warmer than it should be. The amount of greenhouse gases sent into the atmosphere on a daily basis - for example by automobiles - is on a high side. In a bid to help, automobile companies have continued to work hard to reduce the carbon footprint of each product they send out. But see these efforts as producing so little result that at this pace, it will take a very long time to arrest climate change. Hence, some vehicle owners have switched to electric vehicles (EV)
EV's do not use fossil fuel..
...hence they are considered more climate-friendly than gas powered vehicles. But the number of EV owners is still dwarfed by those that drive gas-powered vehicles. In order to encourage more people to buy EV's, a lot of incentives, strategies and technologies have been put to use. And one of the technologies that is doing a great work to encourage EV use and hence fight climate change is blockchain technology.
There are many ways in which blockchain technology is being utilized to fight climate change. One of them is the use of blockchain to capture and disseminate data about vehicular emission. Since the blockchain is a decentralized ledger, it can be used to capture the carbon footprint of each vehicle. This data is stored on the blockchain and could be used to determine how much emissions is done by a particular vehicle brand, brands, company or users in a specific area. Such publicly available information could help vehicle owners see by how much they are contributing to climate change. Maybe it will move them to work hard to reduce their carbon footprint. Additionally, players in the climate and auto sector could also use this data to work on solutions to make vehicles more climate friendly.
Coming into the EV industry, blockchain technology is already proving useful in the fight against climate change. For example,
A blockchain project called C+Charge is already pioneering blockchain rewards and payment system for EV owners
This is a live use-case of blockchain against climate change. C+Charge is a company and the name of a utility token that could be used by EV owners to pay after charging their vehicles in a charging station. This solves the problem of universally accepted means of payment for EV owners.
So no matter where you take your EV to, you wouldn't bother about how to pay after charging. Through your C+Charge wallet, you can directly pay a public or private charging station. That is a P2P payment solution for EV owners.
Beyond the payment processing, the C+Charge mobile app provides a blockchain-powered map of charging stations closest to you. Identifying charging stations along your route has been a challenge to EV owners as there are not too many around. So with the app, its easy to find one, so you do not run out of power and get stranded along the road.
C+Charge also rewards its users with Carbon credits..
Earning carbon credits is no longer limited to charging station owners. No, EV drivers can earn carbon credit simply by becoming part of the C+Charge network. As they accumulate the credits, they can simply swap it for C+Charge tokens which is also a payment means for using charging stations.
It is evident with this usecase that blockchain technology has proved useful to fight climate change. Beyond being just a decentralized data network, C+Charge has shown that it can be used to incentivize EV users and serve as a blockchain payment processor.
Want to get involved?
Even if you do not own an EV, you can still become part of this blockchain project to fight climate change. As seen below in this tweet, C+Charge has already raised in excess of $200k in pre token sales:
As shown below, the presale still has 68 days from now before it ends. Their toke CCHG is currently trading at 0.013 USDT.
Final thoughts
Blockchain technology has been so good in many areas. As we have seen here, its equally great in fighting climate change. We are still pushing for mass adoption and hopes it comes sooner than later. Projects like C+Charge above are doing great as they provide live usecase for blockchains. We can get involved personally by reducing our carbon footprint - the amount of carbon emission we contribute through personal activities. And if you wish to support a project like C+Charge, then why not?
None of the above is professional advice. Always do your own research before putting your money into any crypto project. That way, you have no one to blame in case of any asset loss events.
Posted Using LeoFinance Beta
