{"id":189651,"date":"2023-11-08T16:39:17","date_gmt":"2023-11-08T11:09:17","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=189651"},"modified":"2023-11-08T16:39:17","modified_gmt":"2023-11-08T11:09:17","slug":"blockchains-positive-impact-on-sustainable-development-solana-breakpoint-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/blockchains-positive-impact-on-sustainable-development-solana-breakpoint-crypto-news\/","title":{"rendered":"Blockchain\u2019s positive impact on sustainable development: Solana Breakpoint &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div data-v-8081b7b6=\"\">\n<p>Blockchain technology is having a tangible positive influence on environmental stewardship through innovative projects that are retiring carbon credits, generating staking yields to support ecological initiatives and incentivizing communities to monitor and protect natural resources.<\/p>\n<p>Cointelegraph delved into the world of regenerative economies and finance at Solana Breakpoint in Amsterdam, facilitating a panel featuring three speakers who are intimately involved in projects leveraging blockchain technology to work toward meeting sustainable development goals (SDGs) around the world.<\/p>\n<p><iframe loading=\"lazy\" title=\"Breakpoint 2023: Building Blocks of a Regenerative Economy\" width=\"740\" height=\"416\" src=\"https:\/\/www.youtube.com\/embed\/CAA-gjG7OUg?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe><\/p>\n<p>The Smith School of Enterprise and the Environment defines a regenerative economy as a movement \u201caway from extractive business models\u201d that aims to power \u201cthe potential for positive contributions for nature and society.\u201d<\/p>\n<p>GainForest is a prominent example of a blockchain-based project that aims to foster stewardship of natural environments by local communities. As co-founder Simge Sandal explained, GainForest uses blockchain to autonomously direct funding to different projects in the global south using \u201cmeasure-to-earn\u201d technology, which focuses on measuring biodiversity data.<\/p>\n<p>\u201cOur core business is to create incentives that make environmental protection attractive for the local communities and also financially beneficial for them,\u201d Sandal explained.<\/p>\n<p>Private stakeholders can pledge money to indigenous communities and forest conservation projects through GainForest\u2019s smart contracts. The platform automatically unlocks donations to communities responsible for maintaining ecosystems when monitored milestones are achieved.<\/p>\n<figure><figcaption style=\"text-align: center\"><em>Satellite imagery, complemented by field data gathered by community members in Uganda, gives investors and donors a transparent view of ecological initiatives. Source: GainForest<\/em><\/figcaption><\/figure>\n<p>This monitoring is carried out by locals on the ground using devices like smartphones and drones to provide images and other rich data of the environment.<\/p>\n<p>A key characteristic that has made blockchain technology key to GainForest\u2019s service is transparency. Sandal believes this is core to a regenerative economy, whether it\u2019s monitoring the side effects of externalities or the growth of its net effects:<\/p>\n<blockquote><p>\u201cFrom the beginning to the end, we can provide this transparency and have an economy where everyone can see what\u2019s happening and make better decisions.\u201d<\/p><\/blockquote>\n<p>An element of trust also comes into the equation when trying to onboard users and community members to make use of the technology to both benefit the environment and make a living from their efforts.<\/p>\n<p>\u201cSome of the communities, when we start working with them, are literally sitting there looking at this, and they\u2019re like, \u2018What do you want? Just go away.\u2019 It takes some time to break the ice,\u201d she added.<\/p>\n<p>Cointelegraph will explore the GainForest project at length in an upcoming feature, but the project stands out as an innovative initiative harnessing nascent technology and hardware.<\/p>\n<p>James Bettauer, co-founder and CEO of ecoToken, outlines how their Solana-based platform allows users to retire environmental credits directly on Solana and receive impact certificates as well as fungible credits.<\/p>\n<p>Bettauer explained that the existing carbon credit system is \u201ctop-down,\u201d with a large barrier to entry to be able to generate these types of credits.<\/p>\n<p>\u201cBlockchain enables a bottom-up approach where you can empower the actual project developer to create credits and add new revenue streams because to create a credit class in the existing system is over $1 million,\u201d Bettauer explained.<\/p>\n<p>As a result, smaller-scale projects and companies face significant hurdles to accessing credits online. For the ecoToken CEO, blockchain technology enables a \u201cton of new applications\u201d and ways to develop consumer demand that presently don\u2019t exist.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-11\/dce2055e-b55a-4429-940a-db7011191231.jpg\" alt=\"\" title=\"\" \/><figcaption style=\"text-align: center\"><em>ecoToken co-founder and CEO James Bettauer, GainForest co-founder Simge Sandal, Sunrise Stake founder Daniel Kelleher and Cointelegraph journalist Gareth Jenkinson at Solana Breakpoint 2023<\/em>.<\/figcaption><\/figure>\n<p>Daniel Kelleher is the founder of Sunrise Stake, a decentralized finance protocol built on Solana that allows users to stake SOL (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/solana-price-index\">SOL<\/a>) to receive green SOL (gSOL). These staking yields can then be donated toward climate impact programs to \u201cpassively offset carbon emissions.\u201d<\/p>\n<p>\u201cWe route some of our staking yield to different projects to ensure that we have a spread of climate impact, from offsetting carbon through projects like Toucan as well as ecoToken,\u201d Kelleher explained.<\/p>\n<p>The Sunrise Stake founder also believes that blockchain technology empowers regenerative economies, which inherently have net positive effects for communities, economies and the environment:<\/p>\n<blockquote><p>\u201cWhy is it a powerful tool for creating regenerative economies? Because we have this power of smart contracts. We have this power of programmable money. You can build the rules for an economy right down at the code level, at the protocol level.\u201d<\/p><\/blockquote>\n<p><strong><em>Magazine:<\/em><\/strong> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/magazine\/slumdog-billionaire-incredible-rags-riches-tale-polygon-sandeep-nailwal\/\"><strong><em>Slumdog billionaire: Incredible rags-to-riches tale of Polygon\u2019s Sandeep Nailwal<\/em><\/strong><\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Blockchain technology is having a tangible positive influence on environmental stewardship through innovative projects that are retiring carbon credits, generating staking yields to support ecological initiatives and incentivizing communities to monitor and protect natural resources. Cointelegraph delved into the world of regenerative economies and finance at Solana Breakpoint in Amsterdam, facilitating a panel featuring three [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":189652,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-189651","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/189651","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=189651"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/189651\/revisions"}],"predecessor-version":[{"id":189654,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/189651\/revisions\/189654"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/189652"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=189651"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=189651"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=189651"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}