ECO Fashion Week | San Francisco presents : Blockchain for Sustainability
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A newfound use case for blockchain proves that the technology could solve one of the world's most pressing issues: climate change. Blockchain is a term that people, from finance to food safety to supply chain operations, are encountering. . For this transformation towards sustainability Blockchain based applications could be an important enabling technology.
Blockchain offers the possibility to digitize and monitor clean energy production and consumption in a manner where more proactive decisions can be made, and more enduring and sustainable energy initiatives created. As a new digital age arrives, blockchain-based solutions oriented towards clean energy management stand to be automated through smart contracts, with additional decision making being done by artificially intelligent and “big-data” based machinery. In many ways, the tip of the iceberg is just being discovered.
In the fashion industry, that has seen major sweatshop scandals, consumers are becoming increasingly interested in ethical production. Organizations are now working with small textile producers to increase awareness around the value of what they produce, sharing the information as data on the blockchain with final consumers.
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