Unraveling the Potential of Artificial Intelligence-Driven Blockchain Technology in Environment Management

Title

Unraveling the Potential of Artificial Intelligence-Driven Blockchain Technology in Environment Management

Creator

Sivarethinamohan R.; Sujatha S.

Description

Blockchain as an emerging technology provides a ray of hope to the most intensive environmental issues facing the planet. Blockchain with its decentralized business model has great relevance not only in the field of finance but also in environmental sustainability. The World Economic Forum has identified blockchain as a repair mechanism to the most challenging global environmental issues. It is a highly promising technology gaining traction in diverse fields. Blockchain through this technology unveils its capabilities as a decentralized ledger of all dealings across peer-to-peer networks, where participants can ratify transactions without any central authority. Blockchain technology is an indestructible electronic ledger of transactions designed to record and store everything of value in addition to financial transactions. Blockchain can ensure a shift to cleaner and more resource conserving decentralized solutions, unravel natural capital and to empower communities. This chapter attempts to study the applicability of blockchain in protecting and sustaining the global environment at various levels including life on land, life below the earth and climate changes. Deployment of blockchain technology is needed in areas like climate change, biodiversity conservation and healthy water bodies to overcome the threats they face. 2021, The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd.

Source

Lecture Notes in Mechanical Engineering, pp. 693-700.

Date

2021-01-01

Publisher

Springer Science and Business Media Deutschland GmbH

Subject

Biodiversity; Climate change; Supply chain; Waste management systems; Weather conditions

Coverage

Sivarethinamohan R., Department of Professional Studies, CHRIST (Deemed To Be University), Bengaluru, India; Sujatha S., K Ramakrishnan College of Technology, Trichy, Tamil Nadu, India

Rights

Restricted Access

Relation

ISSN: 21954356; ISBN: 978-981160941-1

Format

Online

Language

English

Type

Conference paper

Identifier

https://doi.org/10.1007/978-981-16-0942-8_66

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