Climate Chain Coalition advocates for the creation of a green economy at COP26

Blockchain for Climate Foundation’s Denby McDonnell joined the Climate Chain Coalition in advocating for accelerated use of blockchain technologies to help beat climate change.

Cointelegraph’s Tom Farren covered the proceedings HERE.

“Hosted by CCC strategic director Miroslav Polzer, the panel of expert representatives, including Denby McDonnell, Tia Kansara and Cointelegraph editor-in-chief, Kristina Cornèr, among others, spoke unequivocally about the importance of subjects ranging from carbon nonfungible tokens (NFTs) to accountability in corporate practices. 

Programme manager at the Blockchain For Climate Foundation Denby McDonnell spoke on the panel about her organization’s endeavor to place the Paris Climate Agreement on the blockchain, specifically mentioning article 6.2, as well as discussing the recent launch of a new crypto-carbon platform, BITMO.

“The BITMO platform enables issuance and exchange of blockchain internationally transferred mitigation outcomes as ERC-115 nonfungible tokens [NFT’s] on the Ethereum blockchain.”

McDonnell revealed the potential implications of the BITMO platform for facilitating transparent and openly accountable carbon data reporting, stating:

"BITMO is a secure record of issuance, transfer and retirement for each country's internationally transferred mitigation outcomes that can be reconciled with national carbon registries and meet future UN requirements.”

Read more in Cointelegraph’s article: https://cointelegraph.com/news/climate-chain-coalition-advocates-for-the-creation-of-a-green-economy-at-cop26