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Blockchain & Sustainability | Codezeros

When talking about sustainability the general public often thinks about environmental sustainability only.

However, sustainability researchers and activists have a much broader definition: Sustainability is defined as meeting the needs of the present without compromising the ability of future generations to meet their needs.

While this is a simple and therefore appealing definition, the devil is in the details. For instance, it is rather hard to know the needs of future generations — as we often struggle to understand even our own needs.

What is quite clear by now is that such an approach, aiming at a good livelihood for all, has to consider both: natural systems as well as human systems and think them together. Today, we still struggle to meet even the basic needs of many people of our present generations.

While on the other side those who are already well off, live lifestyles that more often than not are depleting and destroying nature and natural systems at an unprecedented speed, possibly corrupting everyone’s ability to meet their needs in the long and increasingly also on the short run. Sustainability problems like the climate and biodiversity crisis, economic inequality, poverty pose great challenges to humanity.

To help tackle these global challenges the United Nations have defined the 17 Sustainable Development Goals (SDGs) intending to produce a set of universal goals that meet the urgent environmental, political, and economic challenges facing our world.



Isn’t Blockchain un-sustainable?

Blockchain-based applications provide many opportunities to help us create a more sustainable world.

They can provide

  1. More transparency about individual and collective action, as well as reliable provenance within global supply chains.
  2. Strengthen accountability loops and reduce bureaucracy and power asymmetries enabling new types of applications
  3. Incentivize environmentally friendly behavior with purpose-driven tokens.

The lack of transparency along the supply global supply chains creates challenges regarding fraud, pollution, human rights abuses, and other inefficiencies. The sustainable behavior of individuals and companies is therefore currently hard to track and not well rewarded. In this context, Blockchain has the potential to provide unprecedented levels of transparency, with a shared, decentralized database were immutable and encrypted copies of the information stored on every computer (node) in the network. This enables otherwise trust-less parties, such as individuals and firms that do not know each other, to engage in near-frictionless peer-to-peer transactions. Blockchains can therefore serve as a transparent bookkeeping machine that everyone can inspect (public and permissionless blockchain) or a limited group of people can inspect (private and federated blockchains, also referred to as DLT). This type of transparency has applications (1) along the supply chain of goods and services, (2) in institutional settings, for less corruption and more accountability.

You can contact us or directly send a mail to hello@codezeros.com for further inquiries regarding Blockchain development. Share your ideas with and create a secure world together.

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