BNBForest Contributes to Global Carbon Emissions, Using Technology to Govern Carbon Emissions

2022-04-18

In the past 20 years, a series of phenomena such as global warming, melting glaciers, rising sea levels, and smog weather have shown that climate change brought about by the greenhouse effect is seriously affecting the future survival of human beings. As countries around the world pay more and more attention to global climate change, climate change has become a severe challenge facing human development today, and low-carbon transition has become a global consensus.A series of carbon emission plans such as global carbon peaking and carbon neutralization are gradually implemented. Through vegetation restoration and protection, increasing forest carbon sinks to mitigate and adapt to climate change is becoming an increasingly important development issue and the most economical and most economical way to address climate change realistic means.

 

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However, at present, the global carbon emission management system is not perfect, and the carbon emission verification systems at all levels in each country are relatively low, and cannot effectively verify and support the verification results at the global level, which is not conducive to the global decomposition and implementation of carbon neutrality goals.

 

At the same time, the process of carbon emission control is complex and arduous. Not only does it need to establish an efficient and credible system, but it also needs to promote enterprises to upgrade carbon reduction technologies and establish and implement personal carbon concepts. In order to meet a series of demand frameworks for carbon emission governance, blockchain is an appropriate information technology. As a new type of information processing technology, blockchain has irreplaceable advantages in trust establishment, value representation and trust transmission. It has now demonstrated its value and vitality in cross-industry collaboration and social and economic development.

 

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BNBforest is planting trees around the world through cooperation with international environmental groups. BNBforest aims to help developing countries reduce deforestation and forest degradation through a variety of policy approaches and positive incentives, while also including forest conservation, sustainable forest management, and increasing forest carbon credits.

 

BNBforest will use the technology of combining blockchain and forest carbon sink energy to provide reliable measurement and credible interaction for green and low-carbon partner companies, and ensure the authenticity of all data on the platform. Based on the characteristics of decentralization, all participants can participate in the decision-making process, avoiding the existence of third parties. Moreover, enterprises, institutions, organizations and individuals on the chain directly have internal commercial connections, avoid invalid nodes, improve energy transaction efficiency, and directly discard transaction data irrelevant to the industry, making BNBforest itself an Continuously improving the big data ledger in the field of forest carbon sink trading.

 

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In addition, BNBforest will also use blockchain technology, DeFi, NFT, DEX and the concept of the metaverse to develop related application scenarios such as NFT and metaverse space. Through the global spread of BNBforest, more people can pay attention to and participate in the protection and construction of the global forest ecology, and through the gradual increase in value of BNBforest, let more people participate in the dissemination of BNBforest. Everyone has enough economic foundation to contribute to the global forest ecological protection and public welfare.

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