AgreementIf we talk about the promises made by the leaders sometimes left incomplete as we are able to judge by itself or the agreement between two companies had been cancelled due to not completing the task assign to it .But what about the environmental agreement is that visible to all of us or are we going to observe itself only? Are we going to measure the impact of these agreements how much completed—how much left out? It is not possible for an individual to do all these things. For tracing the real impacts of environmental treaties there’s a blockchain platform. In the long run the government and authorities are also not interested in keeping their promises. If data is presented it presents two main concerns: one is scamming, other is molding. To eradicate this problem, a centralized system-blockchain makes the whole system crystal clear by allowing the tracking of environmental data and peeking at every instance of all the commitments that were fulfilled or not. Not only does it do transparent tracking its job but also in reporting the progress made at what location and by what quantity Blockchain could dampen associations, business companies and governments from taking u-turns from promises related to environment. Blockchain has the potential to remove the fraud and manipulation by storing legalized records. Approximately 980 million per annum has been spent to administrate the blockchain system which is under scheme of global carbon credits.5 Profitless ContributionIn India if we say the south region, it’s common to have typhoon or flood. In 2007, there were terrible series of floods that occurred called as south Asian floods in which 30 million people suffered so that all citizens gathered to provide monetary help of which they donated very huge amounts. But have you ever thought that the amount we do donate for charity whether online or offline is reaching the proper recipients. Many people have donated money for Covid-19 (a viral disease)—though they have been provided IFSC codes. But one question that remains in our mind is will the amount really reach the affected people. If not, then how will it be spent. Looking at today’s scenario, corruption has been inserted deeply into the roots or as they say to the tip of the roots where osmosis begins. Blockchain technology assures that the money which is intended for this purpose will help the affected people or for specific programs and will not be filling unintended pockets. The money can undoubtedly target its correct audience if it is based on blockchain platform (crypto currencies). Some rural areas are still lacking banking infrastructure and when there will be a natural hazard, in going to the bank or ATM for withdrawing, Blockchain technology has the potential to transfer the amount directly without making interruptions from the centralized system or any middleman. Two charities working with crypto currencies are Bit give and Bit hope.
6 Carbon TaxThe factors which have adverse impacts on the environment initiates from the automobiles, household items and so forth. Nowadays, sources include those that have to do with a lavish lifestyle whiuch directly or indirectly affects the environment, but by how much? Can you determine how much every product is making an effect on the environment? It can be calculated if we are aware of the carbon imprints. When planning to buy a four-wheeler petrol, diesel or CNG vehicle, which one would you prefer apart from monetization point of view? Obviously, that one which has less carbon emission so that global warming will not go beyond its alarming rate. Carbon tax is the tax which is applied at the time of extraction of fuel which is an indirect strategy to control emission of greenhouse gases produced when burning hydrocarbon (carbon compounds). The private sector imposed tax on the carbon with aim of lessening the emission of Co2 in the environment which results to degradation of forests. When these taxes are collected they should be used in the afforestation program but due to the many political winds the funds collected are used somewhere else. Blockchain technology has driven towards afforestation and degradation. It directly transfers the funds to the environmental ecosystem not in the pockets of intermediaries. In this context, the blockchain keeps the transparency between all the participants so that the funds obtain by depositing carbon will be applied in forest conservation program only. Considering the effect of CO2, manufacturers and producers also join hands by giving incentives to those companies who are selling products with low carbon footprints and a little piece of cake to the consumers also who are following this trend. Blockchain acts as a game changer as it is provides the tracking of carbon imprints of every product. However some companies are producing products which have high carbon footprints so that Blockchain technology will compel them to change their supply chain as well as customers to buy products that have less adverse effect on the environment. The score based on the carbon footprints of the products sold by each company is determined by the blockchain-based system. Thus by adapting blockchain, there will be more transparency and termination of practices which are harmful to environment. The main Interest of this technology is to construct a global market of carbon trading for communities and businesses.
7 Earth Management PlatformsTelecom companies (such as Voda, Airtel or Jio) have to face new problems each day in order to increase the customer satisfaction and revenue. The perspective of the organization is the expansion of the network which involves the choice of location which requires a geo platform—a platform which conveys information about the location. Similarly Earth’s natural system also needs attention which are under unknown stress due to the boundation of the planet. The New Blockchain Geospatial platform interprets geographic data and helps to understand the new patterns not only on the surface of the earth but deeper in the sea as well, i.e., it traces the data of the ocean. This platform analyzes, visualizes and manages the data of the earth in a ledger of geospatial platform. After the scaling the data blockchain technology ensures transaction across the globe and environmental domains are verifiable and trustful. This technology helps in protecting life not only on land but also the live of sea animals by improve their health. By removing the unbiasness and providing proper visualization to the water resources, blockchain enables to secure fishing rights whereas on land it strengthens the property rights of the participants and all the actors. The Geospatial Blockchain environmental ecosystem has the potential to observe the weather conditions and monitor the performance of the forecast required with the help of Internet of Things.The above-mentioned game changers provide the power to structure the sustainable future with the collaboration of upgrading technologies. The blockchain environment ecosystem should target the right problem in order to empower the communities.
2.3 Blockchain in Business Ecosystem
By 2025, global investment in blockchain technology in energy markets is set to reach $34.7 billion. Although $35 billion seems high, it’s exceeding by the net worth of $1.85 trillion for the energy market as a whole. Key actors using blockchain and DLT in the field include Accenture, AWS, Bigchain db, Deloitte, IBM, Infosys, Microsoft, Nodal block, Oracle, SAP, Enosi, and Electron.
Blockchain is used within energy markets for data management, financial tracking and interactions. Drivers for adoption include reducing operational costs and capital expenditure. Increasing automation will see blockchain employed for data security and integrity. On top of the list are banking and financial applications whereas the Medicare businesses, regulators and retailers are progressively speeding up in this blockchain market. Interest in this technology is increasing rapidly which drives its route towards the business ecosystem. New entrepreneurs have started to look for the business solution within the blockchain business ecosystem.
2.3.1 Business Ecosystem
A business ecosystem comprises of a huge number of participants, which can either be business organization or actors. They are linked in such a manner that they can affect each other. Interrelation enables assorted interaction among the members. Interaction can be competitive or cooperative. Together with interconnectedness they proportioned consequences between the organizations. The members are reliant on each other—the downfall of one organization result in failure of other firms.
2.3.1.1 What Is Business Model?
A model which provides an overview of how the organization is going to make maximum profit in which field, whether in selling services or producing products or selling businesses without any intermediate to the right choice of consumers. It can be online or offline mode. This model includes a plan of all the
