Blockchain and the Climate Adaptation Imperative: Social Impact and Sustainability Working Group publishes its latest report

With a growing set of climate change-induced impacts affecting human and environmental systems, adaptation to these changes is increasingly needed. However, society in general is mostly unaware of the required actions beyond mitigation. Stakeholders lack a ‘toolkit’ that provides resources on analytical, financial and operational technologies, particularly related to adaptation. This is particularly true for blockchain technology, despite its potential to offer groundbreaking solutions for the climatically vulnerable.

The International Association of Trusted Blockchain Applications (INATBA) urges the blockchain community to actively collaborate with governments, communities and climate-vulnerable businesses to identify and develop a favourable environment for the development of blockchain applications that support better climate adaptation planning, investment and implementation. The industry needs a concerted, multi-stakeholder programme that promotes mutual awareness raising, engagement and standards-setting to marshal blockchain technology for climate adaptation.

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