Ensuring a Greener Blockchain with DSC2021
Greener Blockchain, Cleaner Crypto and Sustainable Energy Aligned with UAE 2030 Vision
The growing consensus is that businesses must play a crucial role in combating climate change. Over the past four years, investments in digitization and sustainability have doubled, peaking at $40 trillion in 2020. Driven by new insights in environmental, societal, and governance data, leaders in clean technology have started positioning blockchain solutions as an important element in the path to a greener, digital future.
The desire to transition to a low-carbon economy is shaping transformation across many sectors. In line with the UAE’s 2030 vision, a roadmap to a greener blockchain is an important theme that will run throughout DCS 2021.
Ola Lind – Executive Chairman of the DCS Organizing Committee stated that: “In 2020 we saw the dynamics of the global industry evolve and adapt to the way people do business. The distributed cloud storage and blockchain industries need real targets and collective action, alongside the innovation and group responsibility that many initiatives are already introducing. However, we want to show how solutions will not just be practical but also create massive value and growth across the board.”
The global green technology and sustainability market is expected to grow from USD 11.2 billion in 2020 to USD 36.6 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 26.6%. Thanks to innovation in smart contracts, the blockchain will be a key element of that exciting growth.
This novel approach relies on networks of ‘oracles’ — entities that enable the blockchain to interact with and influence real-world data. Suddenly, decentralized finance (DeFi), such as smart currencies, can affect traditional economic sectors like transportation, driving a low-carbon future.
Reduced greenhouse emissions are one of several exciting applications for this green fintech. Distributed ledger technologies like the blockchain can also enhance international and intersectoral collaboration. Even video game developer Ubisoft is investing in blockchain, having recently joined the Aleph.im network as a channel node operator. Jonathan Schemoul, Aleph.im Founder and CEO, said, “the company’s primary mission is to make decentralized cloud services a reality.”
DCS 2021 will be held at the Abu Dhabi National Exhibitions Centre, UAE, between December 15–17, 2021. The event is expected to bring in 20,000+ attendees, 200+ experts, 50+ leading enterprises, and 1 million+ followers, with the goal of becoming a leader in decentralized culture and innovation across the region.
About CloudTech
Headquartered in the United Arab Emirates with a subsidiary in Australia, CloudTech Group is the leader in Fintech and one of the world’s leading blockchain technology groups, providing services covering every aspect of the blockchain industry. Our services range from cooperation with governments to technical research and legal & compliance consulting.
In an effort to help establish the blockchain industry’s ecosystem, we have formulated a complete industrial layout plan to explore the underlying blockchain technology.
