A Blockchain supported ecosystem for Digital Circular Economics
The United Nations Climate Change (UNFCCC) secretariat recognizes the general potential of Blockchain technology. In particular, transparency, cost-effectiveness and efficiency advantages, which in turn may lead to greater stakeholder integration and enhanced creation of global public goods are currently viewed as the main potential benefits.
The secretariat, therefore, specifically supports initiatives that lead to innovation at the intersection of
Blockchain and climate.
Blockchain is a cryptographically secure distributed ledger. It is immutable, therefore it can not be altered. This enables transparency and accountability for various applications which require secure data transfer and and record keeping.
Blockchain Networks are made up of interconnected nodes which share blocks of data. Different methods of verification are utilized for different blockchain algorithms to validate blocks of data. Series of data blocks make up a chain to produce a blockchain.
EcoLedger is a BFT (Byzantine Fault Tolerant) Consensus Protocol written on the Hyperledger Fabric. It is a modular Blockchain Technology which can operate on either permissioned or distributed networks.
EcoLedger supports both smart contracts and tokenization. The EDLT (Ecoledger Distributed Ledger Technology) is optimized for energy efficiency (i.e. no mining), with transactional speeds greater than 100k/tps.
Digisphere is a secure interactive environment built with the EDLT. It has been designed to support individuals, corporations, governments and organizations in accordance with the Paris Climate Agreement and the UNFCCC.
Digisphere enables users with tools for Digital and Intelligent Assets Management to facilitate sustainable business practices in a Circular Economy.
In an economy based on recycling, materials are reused. For example, waste glass is used to make new glass and waste paper is used to make new paper.
To ensure that in the future there are enough raw materials for food, shelter, heating and other necessities, our economy must become circular. That means preventing waste by making products and materials more efficiently and reusing them. If new raw materials are needed, they must be obtained sustainably so the natural and human environment is not damaged.
DigiSphere Labs and it's family of enterprise technology partners is set to implement change by facilitating the solution rather than trying to fix the problem. Digisphere will prove the traditional as-is approach will to no longer be sufficient as markets realize new industry leadership.
Just as Bitcoin has revolutionized the Financial Sector, Digisphere will revolutionize and simplify the processes to enable growth of Sustainable Systems and become the vital component in the modernization of mainstream Industrial Systems.