July 24, 2024

Blockchain fights illegal deforestation in the world”/>

Blockchain fights illegal deforestation in the world"/>
Blockchain against deforestation

Blockchain, the technology behind cryptocurrencies such as Bitcoin, has been calledone of the greatest inventions in modern timesstories. Interest in blockchain technology has spread everywhere, continues its intensive development in the world and brings with it countless efforts aimed at improving our lives and the environment. 

What will mass deforestation lead to?

About 30% of the world's land is forested. But unfortunately, sections of forests that make up about half the size of England are lost every year.

The causes of deforestation are mainly related to the production of commodities, but there are also many other reasons, such as:

  • The collection and creation of ingredients for commodities, such as palm oil, which is obtained from palm trees.
  • Cleaning up the territory for new buildings, fields, pastures and farms for the production of meat, crops and other types of products or drinks of mass production.
  • For harvesting wood to create paper, houses, furniture, etc.

If the world's rainforests continue to be destroyed at such a pace, they will completely disappear in the next 100 years.

This can cause serious problems forhumanity, because trees provide several benefits. They help prevent global warming due to their ability to absorb carbon dioxide and release oxygen in its place, and deforestation actually accelerates the process of global warming.

In places like Indonesia and Brazil,tropical forests are being cut down at a very fast pace. In Indonesia, this is being done to make way for palm oil plantations. In Brazil, due to the lack of a centralized land cadastre in the country to clear pasture land for livestock.

Also, due to deforestation, the population of residentsworld forests – birds, mammals, amphibians and reptiles – over the past 40 years has decreased by more than 50%. Scientists warn that this could have catastrophic consequences for the forest ecosystem and accelerate climate change – Many animals play an important role in maintaining tree health.

This is a problem whose effects are felt throughout the world.

Blockchain is revolutionizing sectors across the globe, and this technology can be a good tool to prevent further massive illegal logging and the threat of global warming.

How blockchain will help counter deforestation

Blockchain can fix the prevailingenvironmental problem and help prevent further deterioration. The technology can be used to provide more accurate records, increase the transparency of timber supply chains and ensure the legitimacy of participants in the logging industry.

Blockchain is effective when it comes tomaintaining the integrity of any kind of records, such as land records or logging permits. Although enforcement is left to local law enforcement in forest areas, the blockchain can provide governments with a way to track changes in forest cover over time, making land records unchanged. Blockchain can also be used to track pieces of wood from the moment they are registered to their final destination throughout the supply chain.

This will give regulators a much broader view of the entire logging industry while encouraging loggers to follow the law. 

The TreeCoin project is already working to solve these global problems. 

The project uses Blockchain technology and created a Hybrid Token Offering (HTO) – an alternative to traditional investments.

“We bought fallow lands on whichwe plant eucalyptus trees. They grow quickly and will serve as an alternative to tropical forest wood. By offering wood from our planted eucalyptus trees, we are saving the rainforest from further deforestation.”

“TreeCoins Mission – save nature”

The problem of global warming is one of thethe most important issues of our time, which requires the concerted efforts of all governments and citizens. And while blockchain won't reverse the losses, the technology can certainly help us develop the tools we need to improve everything in this industry and prevent a global catastrophe.