TECH & AI
Immutable data on the
BLOCKCHAIN holds businesses to account
The unchangeable nature of a decentralised ledger makes blockchain a unique prospect for publicly managing and reporting emissions data from energy
WRITTEN BY : TOM SWALLOW
We often hear business leaders called out on transparency of their energy and the emissions byproduct of their electricity . The world of tomorrow is one powered by zero-emission fuels , clean energy sources , and non-emitting processes , but none of this can be achieved , as businesses explain , without proper measurement , reporting , and ultimately action .
Tackling that first step requires its own level of security – and the blockchain conversation has been raised many times in this regard , as an enabler of data storage for transparency .
Without overusing the word too much , the blockchain can provide an unchangeable record of data that will inform the generations for business in such credible ways as books are published to record key events in history . In fact , we dare say that blockchain could be used as the modernday library for information , a place where data resides and , unlike a book , cannot be removed from the shelf .
86 February 2024