How can blockchain technology contribute to sustainability efforts?
An example of an AI chatbot conversation about blockchain's role in promoting sustainability.
How can blockchain technology contribute to sustainability efforts?
Blockchain can enhance transparency in supply chains, ensuring sustainable practices are followed.
Can you give me an example of a company using blockchain for sustainability?
Sure! IBM's Food Trust uses blockchain to trace food products, reducing waste and ensuring ethical sourcing.
What are the challenges of implementing blockchain in sustainability?
Challenges include high energy consumption, scalability issues, and the need for regulatory frameworks.
How does blockchain improve traceability in supply chains?
It creates an immutable ledger of transactions, allowing all stakeholders to verify the origin and journey of products.
Are there any successful projects that combine blockchain and renewable energy?
Yes, projects like Power Ledger enable peer-to-peer energy trading, promoting the use of renewable energy sources.
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