Hack4Climate is a 4-day Climate/Blockchain hackathon, an event to be staged at the COP23 in Bonn Germany with objective to mobilise the ‘blockchain’/DLT (Distributed Ledger Technology) community for #ClimateAction, ensuring the Paris Climate Agreement is successfully implemented.
COP23 is the informal name for the 23rd Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC) which entered into force in 1994, and nearly all of the world’s nations — a total of 195 — have now signed on.
Hack4Climate event is held with the support of the UN Framework Convention on Climate Change (UNFCCC) Secretariat in Bonn, financed by public and private sponsors, and organised as part of the Climate Ledger Initiative (CLI), an international, multi-stakeholder initiative at the intersection of climate and DLT.
Why a climate/blockchain hackathon?
Climate is the world’s most significant challenge and DLT represents one of the world’s most high-potential technologies, and Hack4Climate brings the two together to focus on the innovation potential at the climate/blockchain intersection.
Since few connections between the climate and blockchain communities thus far; the event is a top priority to facilitate the development of practicable solutions in the light of regulatory frameworks and international conventions.
Hack4Climate aims to bring together developers and climate experts to build innovative solutions to fight climate change with 3 goals.
First, to use Blockchain & Distributed Ledger Technologies (DLT) as a decentralized mechanisms that enable new ways to store and share information in a trusted way.
Secondly, to Fight Climate Change with leverage on Blockchain & DLT to mitigate climate change, improve adaptation, and increase climate finance.
Here are 3 ideas how the community in Bengalore addressed increasing CO2 emissions using #blockchain technology:
1) E-commerce: The fact that the rapidly growing e-commerce industry is causing significant CO2 emissions, is unfortunately unknown to most consumers. To tackle Carbon Pricing, one team came up with the idea to create awareness within consumers and to provoke smart buying choices. The overall aim is to identify and see the actual carbon footprint, that is caused when buying a certain product online. The solution for CO2 emissions, caused by e-commerce is #blockchain technology. If a consumer is deciding to purchase a non-local product, these products should get a higher taxation than local products.
2) National CO2 taxation: According to the British news paper The Telegraph, Qatar and Curacao are the worst offenders when it comes to CO2 emissions per capita in 2017, emitting more CO2 than other countries. The Indian community thought of taxing these nations based on their amount of CO2 emissions. This idea will be linked to #blockchain technology, so that relevant data on carbon dioxide is provided and can be tracked, which will automatically provide more transparency. To make this happen, there will be a mobile app, combined with distributed ledger technology (DLT). By determining air pollution also politicians are getting accountable as they are the key decision makers. Another team was thinking of a crowdsourced platform, enabling people to request CO2 emissions from companies, which will in the long-term prevent emission scandals.
3) Time on highway tax: And finally, reducing traffic in the cities by using #blockchain. When driving a vehicle on a highway, you already get a tax. Why not implementing taxes based on the time someone spends on the road?
And lastly to create innovative prototypes and apps as solution to transform our society and fight climate change.