Researchers from the United Arab Emirates (UAE) have developed a blockchain platform to track carbon emissions. This platform aims to provide transparency and accountability in the carbon credit market, which is estimated to be worth $400 billion. The platform will use blockchain technology to accurately measure and record carbon emissions from different industries, and will also allow for the trading of carbon credits. This will help businesses and governments meet their emissions reduction goals and incentivize them to invest in sustainable practices. The researchers believe that this platform will play a crucial role in the fight against climate change and position the UAE as a leader in the development of sustainable solutions.
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Blockchain Revolutionizes Climate Action…
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Researchers from the United Arab Emirates (UAE) have developed a blockchain platform to track carbon emissions. This platform aims to provide transparency and accountability in the carbon credit market, which is estimated to be worth $400 billion. The platform will use blockchain technology to accurately measure and record carbon emissions from different industries, and will also allow for the trading of carbon credits. This will help businesses and governments meet their emissions reduction goals and incentivize them to invest in sustainable practices. The researchers believe that this platform will play a crucial role in the fight against climate change and position the UAE as a leader in the development of sustainable solutions.