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ACTAI Global’s 4th Annual Blockchain Summit: Saving the Planet (A Bit at a Time)

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ACTAI Global’s 4th Annual Blockchain Summit: Saving the Planet (A Bit at a Time)

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As reported by Bitcoin News this week, Sir Richard Branston is hosting this year’s ACTAI Global’s Fourth Annual Blockchain Summit in Marrakesh, with sustainability on the agenda.

Reputedly some of the brightest minds in the blockchain space are assembled at the Kasbah Tamadot in Marrakesh to discuss how to use blockchain to impact issues that will change lives, according to Forbes.

With the Atlas mountains as a backdrop, Bill Tai of the Bitfury Group and the man who conceptualized the Blockchain Summit four years ago sees the location as totally appropriate. Bitfury’s CEO Valery Vavilov said:

“These regions are cradles of innovation, home to communities with the ambition and perspective to solve some of the oldest (and newest) challenges facing our world today… Working together, we have one goal — to bring global leaders from every sector to the table to speak openly about our greatest challenges and take meaningful steps to fix them.”

Vavilov explained that he saw blockchain as very much part of that scenario. A panel titled ‘Saving the Planet (A Bit at a Time)’ presented sustainable chains to solve one of the region’s burning issues: how to achieve transparency so consumers can base purchasing choices on accurate facts about a given product.

Gigi Brisson, founder and CEO of Ocean Elders explained the problem with the current status quo:

“As a consumer, I can see who fished that fish, where they got it, if it was reported, if it was legal. As a consumer, I can start supporting those companies and those people I want to support… I can support the products and companies that I feel good about. It’s the transparency that is missing.”

Another sustainability topic discussed at the desert setting was renewable energy and carbon credit trading with Power Ledger advisor Maria Atkinson explaining that buildings represent a massive greenhouse gas footprint with 40% of the world’s greenhouse gas emissions. One proposed solution to this problem was to connect buildings power supplies via the blockchain and enable trading between buildings.

Carbon crediting was also discussed and how blockchain could be used to track the credits efficiently. Similar projects are underway in California’s biggest multi-story car park in amalgamation with Silicon Valley Power.

While at the summit, Tai also announced his initiative called Barking Dog to assist national governments with land recognition.

Ingenious ways to tackle carbon crediting are out there. In Australia, feral camels have become an environmental problem according to The Telegraph. States have decided to tackle two problems in one; too many camels and too many emissions.

The animals supposedly belch out a ton of methane annually, so NorthWest Carbon, a carbon trading company, has allocated carbon credits for widespread camel culling to take place. The company has argued that the plan to cull the camels and feed them to crocodiles would benefit the Outback while helping to save the planet.


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