Bridging the Gap to Circular Construction The construction industry has the potential to transform into a model of sustainability through circular economy (CE) principles, reducing waste and maximizing resource efficiency. Central to this transformation are robust data management practices and innovative technologies like blockchain. While the promise is clear, the path forward is obstructed by significant challenges that must be addressed to unlock the full potential of circularity. First, data management remains a critical barrier. According to recent studies, a mere 5% of the information handed over to clients in construction projects is accurate. This level of mismanagement undermines trust, complicates material tracking and hinders the ability to reuse or recycle materials effectively. Without reliable data, the industry's shift toward CE practices remains stalled. Blockchain offers a solution for validating and tracing project data across the supply chain. Its potential to ensure data integrity is unmatched, but implementation costs and complexity present formidable obstacles. Current blockchain systems are often too expensive and technically demanding for widespread adoption, particularly for smaller firms that lack the resources to integrate such solutions into their workflows. The road ahead requires practical solutions to these challenges. By prioritizing accessible data management technologies and making blockchain more affordable and user-friendly, the construction industry can take meaningful steps toward circularity. Overcoming these barriers is essential to reshaping the industry into one that is not only efficient but also sustainable for future generations. https://loom.ly/lw1gfUI #architecture #construction #sustainability
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💡 Blockchain and Sustainability: Powering a Greener Future As the world grapples with climate change and environmental challenges, blockchain technology is emerging as a powerful tool to drive sustainability. From tracking carbon footprints to enabling renewable energy trading, blockchain is opening up new ways to promote eco-friendly practices and transparency in environmental initiatives. 🔍 How Blockchain is Driving Sustainability: Carbon Tracking and Offsetting: Blockchain enables companies and individuals to track their carbon emissions transparently. By recording and verifying carbon footprints on an immutable ledger, blockchain ensures that carbon credits and offsets are accurate and traceable, reducing the risk of greenwashing. Supply Chain Transparency: Blockchain provides transparency across supply chains, helping businesses ensure that their raw materials are sourced ethically and sustainably. This visibility promotes responsible consumption and production, encouraging companies to adopt eco-friendly practices. Energy Trading: Blockchain is enabling peer-to-peer energy trading platforms where individuals and businesses can trade surplus renewable energy, like solar power, without intermediaries. This promotes the use of clean energy, reduces energy waste, and encourages decentralized energy grids. Circular Economy Initiatives: Blockchain supports circular economy models by tracking products from production to disposal. This allows businesses to optimize resource use, minimize waste, and promote recycling initiatives, ensuring materials are reused rather than discarded. Sustainable Finance: Green bonds and other financial instruments tied to sustainability goals can be issued and tracked on blockchain, ensuring that funds are allocated transparently to environmentally friendly projects. Blockchain's transparency helps build trust among investors and stakeholders. 💡 Why It Matters: Sustainability is a global priority, and blockchain offers innovative solutions to some of the biggest environmental challenges. By promoting transparency, reducing inefficiencies, and supporting eco-friendly practices, blockchain is helping create a greener, more sustainable future. As businesses and governments increasingly prioritize sustainability, blockchain is becoming an essential tool to ensure that environmental goals are met with integrity and transparency. #Blockchain #Sustainability #GreenTech #CircularEconomy #CarbonTracking #RenewableEnergy #SupplyChainTransparency #EcoFriendly #ClimateChange #FutureOfSustainability
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♻ In the fight against climate change, innovative solutions like carbon credits have emerged to measure and reduce greenhouse gas (GHG) emissions. Nevertheless, the traditional carbon market is complex and vulnerable to fraud. Carbon credit tokenization, powered by blockchain technology ⛓ , addresses these challenges by streamlining the market, enhancing transparency, and improving effectiveness in reducing global carbon footprints. ℹ A couple of definitions: ⛳ 𝐓𝐨𝐤𝐞𝐧𝐢𝐳𝐚𝐭𝐢𝐨𝐧 is the process of converting real-world assets into unique digital tokens on a blockchain, bringing transparency, efficiency, and accessibility to traditional systems. ⛳ 𝐂𝐚𝐫𝐛𝐨𝐧 𝐜𝐫𝐞𝐝𝐢𝐭 𝐭𝐨𝐤𝐞𝐧𝐢𝐳𝐚𝐭𝐢𝐨𝐧 involves creating digital tokens that represent carbon credits, which can be easily bought, sold, and traded like other DA. This process begins with verifying and quantifying carbon emission reductions, recording data on the blockchain, and issuing tokens via smart contracts. 💡 Carbon credit tokenization offers numerous benefits, such as fractionalization, increased market efficiency, liquidity, and the elimination of double counting. moreover, it reduces the need for intermediaries, leading to cost savings and faster transactions. By addressing the challenges in the voluntary carbon market, this process promotes a healthier, more accessible, and liquid marketplace for individuals and organizations seeking to offset their carbon emissions and contribute to a greener future. 💡 Blockchain technology plays a crucial role in enhancing the accessibility, liquidity, and efficiency of carbon assets, which are historically illiquid markets. Tokenized assets increase transaction flow competition, leading to better pricing and secondary market liquidity. Tokenization likewise allows for the almost instantaneous settlement process, expediting corporate actions and enabling automated transactions through smart contracts. 🎯 For carbon assets, tokenization presents an opportunity to overcome key challenges by promoting greater volumes and liquidity through effective real-time settlement and composability. Tokenized carbon credits can be representations of off-chain Verified Carbon Units or natively digital carbon credits, distinguished by traceability across the underlying carbon offsetting chain. This traceability ensures a carbon credit's value on the market by creating inherent quality and preventing double spending. 𝐈𝐧 𝐜𝐨𝐧𝐜𝐥𝐮𝐬𝐢𝐨𝐧 This is a revolutionary step towards a more transparent, efficient, and accessible carbon market. By leveraging blockchain technology, tokenization addresses the complexities and vulnerabilities of the traditional carbon market, paving the way for a greener and more sustainable future. Credit: Menthol Protocol #CarbonCreditTokenization #Blockchain #Sustainability #ClimateChange #CHG Harry Lars Ghillemyn Güneş Ünüvar Roger Bamba, LL.M Tristan Husson Julien Choveton-Caillat Daniel R.
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THE LAKE ECOSYSTEM ENSURES ACCESSIBILITY,AVAILABILITY ,SUSTAINABLITY OF WATER LAKE Ecosystem provides a means of investment in water-related opportunities, enabling users to fund and support projects aimed at improving water accessibility and quality in underserved regions. Process of Water Distribution The process of water distribution through LAKE Ecosystem is simple and user-friendly. Users select from available water sources, and transactions are facilitated using LAKE (LAK3) token. A buyer initiates a transaction by choosing the water sources they’re purchasing from. Once the buyer input their details, including their address, delivery fees are computed in LAKE (LAK3) depending on the delivery zone. The buyer has a limited time-window to confirm their purchase. By sending a specified amount of LAKE (LAK3) to the platform, the transaction is concluded and recorded on the blockchain, providing a transparent and immutable trace. The smart contract then verifies the transaction, and the water is delivered to the buyer via the agreed method. LAKE (LAK3), with its decentralized nature and user-centric approach, redefines the dynamics of the traditional water market. By ensuring transparency, promoting fair access, and prioritizing sustainability, LAKE Ecosystem brings a new paradigm to water distribution, making water a resource that everyone can access equitably
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🌱 Embracing Blockchain for Environmental Sustainability 🌍 Many are surprised to learn how Blockchain technology is revolutionizing environmental sustainability efforts. At Dhiway, we're leveraging the CORD blockchain to tackle challenges in environmental data reporting. This helps in enhancing transparency and reliability. In the fight against climate change, transparency is key. Blockchain (or call it a Decentralized Ledger Technology aka, #DLT) offers a solution by establishing a 'public balance sheet' that enables real-time tracking of greenhouse gas emissions (GHGs). This transparency is crucial for informed decision-making and effective climate action. Traditional emissions tracking is not easy. The complexity of supply chains and limited data repositories pose significant challenges. But with initiatives like the Carbon Emissions Token (CET) and ISO standards, we're setting a framework for standardized GHG reporting, encouraging market adoption and offering verifiable emission records. With Blockchain, data integrity is ensured, inspiring confidence in data provenance and authenticity. Our CORD blockchain, as part of Digital Public Infrastructure (#DPI), enables innovative approaches in emissions data management. By digitizing emissions data and ensuring reliability, we're empowering efficient emissions tracking and accounting. Investments in high-quality data tools are essential for accurate emissions management. Dhiway is helping progress towards global sustainability goals, by offering digitally verifiable data assets and efficient emissions management. Let's harness the power of Blockchain to build a more sustainable future together! 💡🌿 #BlockchainForSustainability #EnvironmentalInnovation #Dhiway #Blockchain #ClimateChange
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💡 Blockchain and Sustainability: Powering a Greener Future As the world grapples with climate change and environmental challenges, blockchain technology is emerging as a powerful tool to drive sustainability. From tracking carbon footprints to enabling renewable energy trading, blockchain is opening up new ways to promote eco-friendly practices and transparency in environmental initiatives. 🔍 How Blockchain is Driving Sustainability: Carbon Tracking and Offsetting: Blockchain enables companies and individuals to track their carbon emissions transparently. By recording and verifying carbon footprints on an immutable ledger, blockchain ensures that carbon credits and offsets are accurate and traceable, reducing the risk of greenwashing. Supply Chain Transparency: Blockchain provides transparency across supply chains, helping businesses ensure that their raw materials are sourced ethically and sustainably. This visibility promotes responsible consumption and production, encouraging companies to adopt eco-friendly practices. Energy Trading: Blockchain is enabling peer-to-peer energy trading platforms where individuals and businesses can trade surplus renewable energy, like solar power, without intermediaries. This promotes the use of clean energy, reduces energy waste, and encourages decentralized energy grids. Circular Economy Initiatives: Blockchain supports circular economy models by tracking products from production to disposal. This allows businesses to optimize resource use, minimize waste, and promote recycling initiatives, ensuring materials are reused rather than discarded. Sustainable Finance: Green bonds and other financial instruments tied to sustainability goals can be issued and tracked on blockchain, ensuring that funds are allocated transparently to environmentally friendly projects. Blockchain's transparency helps build trust among investors and stakeholders. 💡 Why It Matters: Sustainability is a global priority, and blockchain offers innovative solutions to some of the biggest environmental challenges. By promoting transparency, reducing inefficiencies, and supporting eco-friendly practices, blockchain is helping create a greener, more sustainable future. As businesses and governments increasingly prioritize sustainability, blockchain is becoming an essential tool to ensure that environmental goals are met with integrity and transparency. #Blockchain #Sustainability #GreenTech #CircularEconomy #CarbonTracking #RenewableEnergy #SupplyChainTransparency #EcoFriendly #ClimateChange #FutureOfSustainability
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(Day - 38) How Blockchain is Revolutionizing Carbon Credit Markets What are Carbon Credits? Carbon credits represent a tradeable certificate that allows an entity to emit a certain amount of carbon dioxide or other greenhouse gases. The goal? To incentivize organizations to reduce emissions and offset their carbon footprint. #100DaysOfWeb3 The Problem with Current Carbon Credit Markets 🔸 The traditional carbon credit system faces significant challenges: 🔸 Lack of transparency: Difficult to track the origin and legitimacy of credits. 🔸 Double counting: Credits may be sold multiple times. 🔸 Inefficiencies: Manual processes lead to delays and increased costs. Enter Blockchain Technology Blockchain offers unique solutions to these challenges through its core properties: 🔸 Transparency: Immutable records of transactions. 🔸 Traceability: Full visibility into the lifecycle of a carbon credit. 🔸 Automation: Smart contracts to streamline trading and enforcement. Use Cases of Blockchain in Carbon Credit Markets 🔸 Tokenized Carbon Credits: Representing credits as digital tokens on the blockchain. 🔸 Real-Time Tracking: IoT devices + blockchain for live monitoring of emissions. 🔸 Peer-to-Peer Trading: Decentralized platforms for trading carbon credits without intermediaries. Projects Leveraging Blockchain for Carbon Credits 🔸 Toucan Protocol: Tokenizes carbon credits and integrates them into DeFi ecosystems. 🔸 KlimaDAO: Uses blockchain to create a transparent and accessible carbon market. 🔸 Flowcarbon: Bridges traditional carbon markets with blockchain technology. Advantages of Blockchain in Carbon Credit Markets 🔸 Enhanced Transparency: Prevents fraud and double counting. 🔸 Increased Efficiency: Automated processes reduce costs and delays. 🔸 Global Accessibility: Democratizes participation in carbon markets for small organizations. 🔸 Innovation: Opens the door for integrating carbon credits into DeFi and NFTs. Challenges of Using Blockchain 🔸 Adoption Barriers: Resistance from traditional players. 🔸 Regulatory Uncertainty: Carbon credit regulations vary across regions. 🔸 Technical Complexity: Requires infrastructure and expertise to integrate blockchain effectively. A Future with Blockchain and Carbon Credits Imagine a world where: 🔸 Carbon credits are traceable in real-time. 🔸 Individuals can offset their carbon footprint with tokenized credits. 🔸 Companies are held accountable through decentralized tracking systems. Why It Matters With the global climate crisis intensifying, blockchain can make carbon markets more effective and trustworthy. This technology is not just a tool—it’s a catalyst for achieving a sustainable future. What’s your take on blockchain in carbon markets? Is it the game-changer we need to fight climate change? Share your thoughts! #Blockchain #ClimateChange #CarbonCredits
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I recently learned about the transformative power of blockchain technology in my Global Supply Chain module under the Global Business course in my MBA program Nexford University . The concept struck me as a game-changer for positioning global businesses for sustainability, which is crucial for our world today. Here's how blockchain can make a difference: - Transparency and Traceability: Blockchain ensures that every transaction is recorded and visible, allowing businesses to trace the origin of their products and verify sustainability claims. This transparency ensures ethical sourcing and builds trust. -Reducing Fraud and Waste: Since blockchain transactions are immutable, it significantly reduces the risk of fraud and waste. This accuracy helps in using resources more efficiently and responsibly. - Efficient Resource Management: With smart contracts, processes can be automated, cutting down the need for intermediaries. This leads to lower operational costs and better resource management, promoting efficient energy use. - Enhancing Recycling Programs: Blockchain can track materials throughout their lifecycle, making recycling programs more manageable. By recording each stage, businesses can ensure sustainable reuse or disposal of materials. - Innovating Energy Markets: Blockchain supports decentralized energy markets, allowing peer-to-peer trading of renewable energy. This efficient use of renewable resources encourages green energy adoption. - Streamlining Supply Chains: Blockchain reduces paperwork, speeds up transactions, and improves coordination among stakeholders, leading to less energy consumption and a smaller carbon footprint. - Engaging Stakeholders: Transparency builds trust among customers, investors, and regulators, showing a genuine commitment to sustainability. - Simplifying Compliance and Reporting: Blockchain makes it easier to comply with environmental regulations and reporting requirements, providing verifiable data on sustainability efforts. Integrating blockchain technology into business operations not only enhances sustainability but also improves efficiency and strengthens stakeholder relationships. This dual benefit is essential for the long-term success and positive environmental impact of businesses today. #Blockchain #Sustainability #GlobalBusiness #MBA #Innovation #SupplyChain
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#Blockchain #Usecase #37: Leveraging Blockchain for a Sustainable #Future! Thrilled to share how blockchain technology is revolutionizing #waste #management systems! In an era where sustainability is paramount, integrating blockchain into waste management systems offers a game-changing solution. Here's how: Transparency & Traceability: Blockchain ensures transparency throughout the waste management process, from collection to disposal. Every transaction is recorded on an immutable ledger, providing stakeholders with real-time insights into waste movement and management. Improved Efficiency: By streamlining operations and eliminating intermediaries, blockchain reduces administrative overhead and speeds up processes. Smart contracts automate tasks like waste pickup scheduling and payment processing, enhancing efficiency across the board. Enhanced Accountability: With blockchain, each participant in the waste management ecosystem is held accountable for their actions. Tamper-proof records prevent fraud and ensure compliance with regulations, fostering trust among stakeholders. Supply Chain Optimization: By digitizing and optimizing waste management processes, blockchain facilitates better coordination among stakeholders, leading to a more efficient and resilient supply chain. Incentivizing Recycling: Blockchain-based incentive programs reward individuals and businesses for proper waste disposal and recycling. Through tokenized rewards, participants are motivated to adopt eco-friendly practices, driving sustainability efforts forward. Excited to see how blockchain continues to transform waste management, paving the way for a cleaner, greener future! Let's collaborate to harness the power of technology for environmental conservation. #Blockchain #WasteManagement #Sustainability #Innovation #GreenTech
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Blockchain Technology: A Catalyst for Scaling and Enhancing Trust in Carbon Markets The Voluntary Carbon Market (VCM) is poised for significant growth, but challenges related to transparency and trust must be addressed. Blockchain technology offers innovative solutions to these challenges, enabling the creation of more robust and reliable carbon markets. Key Points: Enhanced Transparency and Accountability: Blockchain's immutable ledger provides a tamper-proof record of transactions, fostering trust and reducing the risk of fraud. Automated Validation and Verification: Blockchain-enabled carbon registries automate validation and verification processes, increasing efficiency and reducing costs. Real-Time Tracking and Tracing: Transactions and retirements can be tracked in real time, ensuring the integrity and traceability of carbon credits. Lower Costs and Wider Accessibility: Blockchain reduces account management costs and streamlines onboarding, making the carbon market more accessible to a broader range of participants. Case Studies: Open Forest Protocol (OFP): Integrates crowdsourced data and satellite imagery to expedite project registration and credit issuance, enhancing project credibility. Coorest: Utilizes satellite data and smart contracts to automate carbon credit issuance for afforestation projects, reducing human intervention and improving accuracy. Climate Action Data Trust: Aims to create a trusted, standardized data platform for carbon markets, facilitating informed decision-making and increasing transparency. Blockchain technology has the potential to transform the VCM by addressing key challenges and unlocking new opportunities. By leveraging its inherent transparency, automation capabilities, and interoperability, blockchain can help create a more robust, scalable, and trusted carbon market that plays a vital role in mitigating climate change. Join the movement to harness blockchain technology for a more sustainable future. Explore innovative blockchain-based solutions and advocate for their adoption to drive the growth and integrity of carbon markets. #BlockchainForCarbonMarkets #CarbonTrust #climateaction #Sustainability #transparency
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Blockchain and GHG Accounting: Integrating Carbon Footprint Data for More Reliable Reporting Traditional carbon footprint calculation and greenhouse gas (GHG) reporting processes are often time-consuming, costly, and lack transparency. Dr. Kun-Hsing Liu and Dr. Shih-Fang Chang have proposed an innovative framework that integrates blockchain technology to address these challenges. The Limitations of Current Practices As highlighted in the research, calculating and disclosing a product's carbon footprint can cost companies between $16,000-27,000 USD and take up to 12 months, especially for products with complex supply chains. This is due to the tedious process of collecting emissions data through questionnaires and interviews with suppliers. Furthermore, there are accountability issues with traditional GHG reporting that relies on self-reported data prone to errors, omissions or misrepresentation - enabling "greenwashing" practices. The Proposed Blockchain Framework The research proposes a three-layered framework that integrates blockchain with carbon footprint accounting: 1) Calculation Layer: Companies collect emissions data from suppliers either manually or via automation like IoT sensors. 2) Blockchain Layer: Certified emissions data is recorded on an immutable, distributed blockchain ledger. This enables verification, consensus, and transparency. 3) Integration Layer: A carbon footprint database integrates emissions data from the blockchain and traditional reporting. This provides an auditable, centralized source for review and analysis. Key Benefits of the Framework * Decentralized and immutable emissions data storage on the blockchain prevents tampering. * Smart contracts automate verification of reported emissions against standards. * Tokenization of carbon credits enables secure, authenticated trading and tracking. * Transparency allows audits by regulators, investors and the public - reducing greenwashing. * Integration database consolidates scattered blockchain data for decision-making. * Improves efficiency by automating data collection and reusing verified blockchain emissions data. The research study emphasizes how this blockchain integration can enable more systematic carbon management - helping companies select lower-emission suppliers, aiding government carbon strategies, and allowing environmental groups to monitor emissions transparently. While technical challenges around implementing compatible blockchain systems remain, the researchers argue this framework provides a credible path toward more reliable, tamper-proof GHG reporting and carbon footprint accounting. In summary, this pioneering research proposes a blockchain-based solution that could revolutionize emissions accounting - increasing transparency, auditability and trust in carbon data to drive more effective climate action. reference ---> #ghg #blockchain #sustainability #carbonfootprint
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