Blockchain technology as a platform for climate change

Why tackling climate change is important.

Climate change – awareness and its - environment changes are affecting (in a bad way) pretty much every country on every continent. It is a disruptor in itself and a forceful changer, but as people are like resistors to changes, sometimes the results are negative such deaths, landslides, flooding or forest fires. The greenhouse gas emissions from human activities are driving climate change and continue to rise. They are now at their highest levels in history. Without action, the world’s average surface temperature is projected to rise over the 21st century and is likely to surpass 3 degrees Celsius this century—with some areas of the world expected to warm even more. The poorest and most vulnerable people are being affected the most.

Using BLOCKCHAIN to mitigate climate change.

Blockchain technology is software to structure data in a decentralized way. A blockchain for lifecycle cost analysis is a distributed database that hosts continuously growing number of records. The database stores records in blocks rather than collating them in a single file. Each block is then “chained” to the next block, in linear, chronological order, using a cryptographic signature; as a result, records cannot be revised, and any attempted changes are visible to all participants. This process allows blockchains to be used as ledgers, which can be shared and corroborated by anyone with the appropriate permissions. These distributed ledgers can be spread across multiple sites, countries or institutions. Although blockchain technology is the foundation for cryptocurrency (such as bitcoin), there are a variety of business applications beyond the realm of cryptocurrency. One that we are developing at HOMEPOD is to measure a product lifecycle cost through an blockchain assessment. This could enforce sustainability declarations, reducing cost and paper on the short term but on the long term could counter evasion while saving the environment.

Making it real with HOMEPOD.

Our work on HOMEPOD begun as early as 2008 when we looked at new space polarization, in particular at habitual shifts in human’s interactions. The shifts were the primary source of embedding information into chains that we can develop what is today the HOMEPOD. Homepod started as Hybrid Value Chain (HVC) that leveraged the capabilities of the business and citizen sectors to enable the delivery of architectural resources to populations in a more cost-effective way. A later market research identified that blockchains could increase performance of HVC model and build trust between businesses and citizens

Added value to the hybrid blockchain

Companies are already identified by their registration information but their products, once entered in the commercialization cycle, with exception with cloud connected electronics, are difficult to find.
Now, as we enter new shifts in climate change, we need more information on these products for recycling purposes, and here hybrid blockchains are creating order. Companies tap into new markets and expand their client base. HOMEPOD enables populations to buy sustainable rated products from a global database of distributors that provides a cost-effective way for citizens but also for micro, small and medium sized businesses.

Here is how it works.

To create the hybrid value blockchain, Homepod uses an algorithm with a function that provides a real price from multiple indicators such as:
Internal indicators: materials used, product size, product price (asked), commodity price (exchange)
External indicators: strike price, volatility, time until expiration, interest rates and dividends paid by component securities
Commodities such as plastic, wood, ceramic, glass, steel, fabrics within the HOMEPOD are benchmarked through the EURONEXT and CME. CO2 emissions or embodied energy is benchmarked using lifecycle cost analysis procedure reinforced by European Platform on Lifecycle cost analysis

What can you do to contribuite?

Perhaps you are already interested to take part in Hybrid Value Blockchain. At the moment we are going through series of investments and we started to sign up companies

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Last updated: 20.09.2017
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