On January 22, 2018, the United Nations announced the creation of the Climate Chain Coalition (emphasis ours). The partnership includes at least 32 organizations working to apply blockchain technology to keep accurate records.
According to the Climate Chain Coalition's (CCC) official announcement, the UN hopes that blockchain technology will help to improve the process of reporting and verifying climate actions, providing stronger monitoring capabilities. The consensus-based immutable nature of a blockchain platform allows for added transparency in the keeping of global data related to climate change as well, which the UN hopes will help to build trust among participants.
Massamba Thioye, a manager of sustainable development of the United Nations Framework Convention on Climate Change (UNFCCC), described the necessity of across-the-board collaboration for the development of blockchain technology. As per the CCC's membership charter, those working together in the coalition are unified under the auspices of the climate accord known as the Paris Agreement.
"To fully and promptly mobilize this potential, broad collaboration among stakeholders is needed to direct resources to priority areas, avoid duplication of effort, and help avoid the pitfalls of working on a new technology with countless unknowns."
Other guidelines in the charter include the crafting of technology-agnostic platforms, implementation of standardization practices, and efforts to reduce fraud.
Within the UNFCCC is the Secretariat, a division created in 1992 central to global warming, whose membership encompasses individuals from over 100 countries. Recently, The Secretariat has identified blockchain technology as a beneficial innovation, prompting the creation of the CCC. According to Thioye, "the UN Climate Change Secretariat recognizes the potential of blockchain technology to contribute to enhanced climate action and sustainability."
The Secretariat's creation of the CCC to deploy blockchain systems, among the tools industries and governments have at their command to combat climate change, is a testament to the malleability of this technology as it continues to see new innovative applications thanks to deliverable metrics of verifiable provenance, transparency, and overall efficiency.