The blockchain and the environment, what’s the connection? How decentralised and peer-to-peer ecological systems can empower social activism? Eco-friendly blockchain startups can be used to solve the major environmental problems we face today.
Transparency and veracity across the digital information ecosystem are some of the reasons. Forestry, energy, fisheries, organic food and mining industries can benefit from blockchain.
But why should you trust blockchain?
This is what we know until now:
- Blockchain forms an unbroken, verifiable chain of custody for whatever good or service is being exchanged and nobody can tamper with the records. Old and new transactions are both saved to the ledger.
- Blockchain maintains independence from financial institutions and national governance.
- It operates through a decentralized platform requiring no central supervision, while still remaining resistant to fraud.
- People can use blockchain as a digital signature.
How can blockchain startups contribute to the society?
It seems that the blockchain can do many things in many industries: increase the sustainability of industries, improve people’s life, evoke humanity and contribute to the environment.
So, take a look at blockchain startups that do their bit to society.
1. Provenance: Trace the Origin of Products
Blockchain records the transactions openly and permanently to the ledger, enabling more secure, transparent monitoring of transactions. It allows you to see how products are coming from the point A to the point-of-sale or final deployment. All transactions are documented, so blockchain reduces time delays, added costs, and human errors.
Provenance is one of the blockchain startups that built the traceability system for materials and products. First of all, it gives consumers information about suppliers by tracing the origins and histories of products.
This platform helps businesses to build trust with their goods and supply chain in order to help shoppers choose the product they need.
- Provenance platform could be great for a variety of industry categories. One of these is the luxury goods industry because the technology can win the battle against counterfeit goods by tracking their origin.
Provenance partnered with the Soil Association to launch an Android app that will help people recognize a fraud. As a result, consumers will be able to scan the digital certification symbol and find out whether the food is gluten free or dairy free and organic.
2. GiveTrack: Fight Charity Frauds
GiveTrack is a great platform for those who want to fight charity frauds. Using the blockchain technology, the startup addresses the perennial complaints around charitable donations with
accountability and transparency.
- The mission of BitGive is to “leverage the power of Bitcoin and Blockchain technology to improve public health and the environment worldwide”.
The project was initiated by the BitGive Foundation that is revolutionizing the way in which people donate to charity. The foundation launched GiveTrack, a multidimensional donation platform to help to transfer, track, and provide a permanent record of charitable financial transactions across the globe. Unfortunately, bribable charity sector still exists, but this startup could destroy it.
GiveTrack can evoke humanity and make people do more by driving stronger trust with donors. Transparency goes with humanity. This relationship could be crucial for donors.
Most people would agree that our economic and organizational structures are unstable. The companies that coordinate with transactions between buyers and sellers grow insanely rich too often, and producers earn less than they should.
That’s why Backfeed wants to decentralize the Internet and help you earn what you deserve.
A small group of graduate students came up with the idea of Backfeed with a vision for a fairer society. Building on the emerging blockchain ecosystem, Backfeed develops technology that enables a scale-free human cooperation.
- The startup provides economic models and strong infrastructure that promote the sustainability of decentralized communities and legacy organizations through fair distribution of co-created value.
Furthermore, Backfeed is building a protocol akin to HTTP and the web browser in order to enable blockchain-based decentralized collaboration.
Sound serious, isn’t it?
Electron is a UK-based startup that aims to help UK households cut their energy usage by using blockchain technology.
The vision of this blockchain startup is “to capitalise on the opportunities presented by the rapid changes in the energy market being driven by decarbonisation, decentralisation, digitisation, and democratisation.
- Peer-to-peer protocols and blockchain technology are already evolving the way the web is structured and operates. This useful technology is recording data and meter readings with cryptography.
However, Electron is providing the greatest benefit to all market participants. Millions of homes in the UK have already fitted with smart meters, which proves to be an advantageous industry for the start-up to progress in.
It seems that Electron is the first energy blockchain platform scaled to a national level, using data to simulate 53 million meters and 60 suppliers.
5. SolarCoin: Pay for The Electricity You Produce
Launched in January 2014, SolarCoin is a cryptocurrency earned by generating solar electricity.
Inspired by BitCoin and blockchain startups whereby transactions are recorded and validated by a peer to peer network of computers. The company provides an automated token system that pays people for the electricity they produce.
Who can profit from this platform?
Well, both individuals living in homes with solar energy panels on their roofs and commercial solar electricity producers. This platform is free and any solar owner receives SolarCoins for electricity that his photovoltaic installation generates.
The SolarCoin can be sent to a BitCoin wallet, but it can also be converted into hard cash after.
ElectriCChain is an open solar energy generation data project which is the leading business development unit in the SolarCoin ecosystem.
This platform helps government institutions and the solar industry to deliver cheap and clean solar energy for future generations. Using blockchain technology and SolarCoin as a digital asset, ElectriCChain connects other related affiliates that act in the field of blockchain and digital assets aiming to initiate the energy transition.
The ElectriCChain is developing Solar Energy Blockchain-related projects under Observation of Business Partners such as GridSingularity / Ethereum, Chain of Things, IOTA, BitSeed and the MIT, NASA, and IBM.
This platform is a great opportunity for solar owners, energy and utility companies and… everyone else. Anyone can use the revolutionary digital currency SolarCoin to obtain real-time energy tracking, while also benefitting global trade markets through accurate, real-time data.
- Solar owners get 1 SolarCoin for every 1 MWh they produce.
The goal ultimately is to enable stakeholders in the energy universe to drive efficiency, save millions, and have an impact on the global renewable energy marketplace.
As a part of the SolarCoin Foundation, Solcrypto acts as a claiming portal for SolarCoin rewards. Together with SolarCoin Foundation and other associated sites, Solcrypto is consistently communicating and developing the SolarCoin ecosystem.
Solcrypto has a strong team of coders, developers, designers and security experts. Also, they are using their long-term experience and expertise in solar energy prediction modelling in order to build a machine learning for SolarCoin verification algorithm.
Based in Hong-Kong, Solcrypto is focusing mainly on the Asia Pacific Region including Australia and New Zealand, Japan and Korea.
They want to provide the strong base infrastructure for sharing important trading information so that users can make choices before they buy and sell.
Finally, Solcrypto does not hold any crypto assets, coins or tokens on behalf of the user. The SolarCoin Foundation is the one who takes care of all data and information.
9. Social Plastic (aka Plastic Bank): Stop Ocean Plastic
The Plastic Bank is globally recognized as one of the most important solutions to stop Ocean plastic.
By turning waste into currency, Plastic bank is trying to stop the flow of plastic into an ocean. They are setting up collection centers in third world countries where people can set down used plastic in exchange for currency, services like phone charging, or items like cooking fuel or soap. Plastic collected through The Plastic Bank is recycled and sold at a premium as Social Plastic.
Plastic Bank is a partner with IBM and they are trying to unite and empower recycling ecosystem to safely transfer as much value as possible into the hands of collectors.
The goal is to help people who live in poverty to build a better future. That can happen by enabling the exchange of plastic for money, items or Blockchain secured digital tokens.
10. RecycleToCoin: Receive Rewards for Plastic Bottles & Aluminum Cans
The RecycleToCoin system is rewarding you for plastic bottles and aluminum cans with digital currencies, providing a way for you to help charity.
This blockchain app gives people the opportunity to return their used plastic containers while giving them a token, through automated machines in Europe and around the world.
Furthermore, when you leave bottles or cans in a collection point, you get the tokens.
- The key is to increase the supply of renewable energy directly to the grid. These projects will produce clean electricity via solar, biomass, wind powered and ground source systems.
This is just one example of how blockchain startups can allow anyone to be an activist for their community and for their planet.
It’s no secret that many generated funds don’t end up with the final beneficiary.
- Thanks to the amazing characteristics of cryptocurrency, BitHope can help you check the balance and transaction history of that address you aim to donate, but only the BitHope Foundation has access to them.
Made by BitHope Foundation, this platform is the first Bulgarian non-governmental organization for the public benefit that only uses the cryptocurrency. BitHope converts your bitcoins into concrete good for the people, animals, and the environment.
The great thing about the foundation is that it can help local charities promote their campaigns internationally. They receive bitcoin donations and improve the image of cryptocurrencies, but only if it is able to sustain itself. Therefore, your bitcoins can give hope!
As you can see, there is a great opportunity to connect the blockchain and environment and change our social and ecological environment. The number of blockchain startups and those that use cryptocurrencies is constantly growing.
Do you know of any blockchain startups focused on ecology or social good?
Let us know in the comments.