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UN Launches “Climate Chain Coalition” Blockchain Exploration

UN Launches “Climate Chain Coalition” Blockchain Exploration

Reading Time: 2 minutes by on January 26, 2018 Blockchain, News, Tech
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On January 22, 2018, the UN announced the formation of a group called the “Climate Chain Coalition” (CCC). The coalition has the specific purpose of exploring and applying blockchain technology as a tool to mitigate climate change, in line with the Paris Climate Agreement and the UN’s Sustainable Development Goals (SDGs). This initiative was described in a blog post that shares the coalition’s charter and invites new tech-minded organizations to join.

A Mission to Use Blockchain for the Environment

“The UN Climate Change secretariat recognizes the potential of blockchain technology to contribute to enhanced climate action and sustainability,” Manager of the Sustainable Development Mechanism Program of the United Nations Framework Convention on Climate Change (UNFCCC) Massamba Thioye says. He is taking the lead on the UN’s investigation of using this technology for climate progress.

The UN feels blockchain technology could strengthen its ability to monitor, report and verify the impacts of climate initiatives; build trust between participants in the programs, boost transparency and “traceability,” save money, support green finance, and provide incentives for climate change action more accessible to poor communities.

CCC’s charter names nine shared principles and values, described here in brief; alignment with the Paris Agreement, advancement of distributed ledger technology (DLT)/ blockchain to address climate change, collaboration between members, taking a neutral stance toward DLT use as it evolves, establishing standardization in methods and tools, disseminating blockchain program benefits fairly and cost-effectively, mitigating fraud, recognizing and addressing the blockchain’s energy usage and environmental impact challenges, and contributing to the SDGs.

Coalition Seeks New Member Organizations

The CCC was first proposed during the One Planet Summit, which was held in France in December 2017 on the anniversary of the Paris Climate Accord. The UN post states that 25 organizations already experienced with distributed network technology met and agreed to establish the “open global initiative.”

There are now 32 members and other organizations with applicable technical know-how and interest in supporting climate action are invited in the January post to explore membership by contacting Tom Bauman of ClimateCHECK, a member company that “provides innovative service and digital solutions for climate change, sustainability and cleantech.” Bauman is the co-founder and CEO of ClimateCHECK and his Twitter profile reads, “Nextgen #Governance for #Blockchain and #Climatechange… ”

The UN also discussed the blockchain’s efficacy for environmental initiatives at the UN Climate Change Conference in Bonn in May 2017. The supranational entity has embraced and utilized this technology in other areas as well, including for humanitarian aid distribution, the creation of digital ID systems and in the fight against child trafficking.

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