Blockchain technology could help drive global job creation

A report published by the World Economic Forum (WEF) highlighted the crucial role played by the technologies of the fourth industrial revolution. New technologies such as blockchain could stimulate growth through implementation “Positive for nature” solutions after COVID-19.

According to the study “The future of nature and economy” Together with Cointelegraph, nature-friendly solutions could create 395 million jobs by 2030 and create $ 10.1 billion in business opportunities.

Inger Andersen, UN Secretary General and Executive Director of the United Nations Environment Program (UNEP), commented on this matter:

“As we move into a historic decade to stop and reverse biodiversity loss by 2030 and address climate change, companies play a critical role in our planet’s environmental responsibility. They have the technology, innovation, and funding to make the relevant changes we need to invest more in nature’s infrastructure and nature-based solutions. “

Blockchain and the food supply chain

Blockchain technology could help drive global job creation
Blockchain technology could help drive global job creation

Blockchain technology could save $ 365 billion by reducing waste in the food supply chain.

Several pilot programs have been launched in Benin, Ghana, India and Rwanda. Your results suggest this Relatively inexpensive storage techniques and handling practices can reduce food loss after harvest by more than 60%. You can also increase the income of small producers by more than 30%, according to the message.

One example that FEM presents in this study is the IBM Food Trustthis project has already started to implement blockchain-based supply chains Partners like Walmart, Tyson Foods, Nestle and others.

A billion dollar opportunity

The report explains that blockchain applications in mining and energy supply chains could create a $ 30 billion opportunity in 2030:

“Blockchain applications could grow rapidly over the next ten years, especially gemstones, diamonds, tin, tungsten and cobalt (…). Economies of scale can help companies achieve significant cost savings through initial blockchain investments. The need for costly material testing processes is eliminated.”

The report states that innovations like Additive manufacturing, precision forestry and blockchain in energy supply chains and in mining can enable a “positive path for nature” by supporting both value creation and conservation goals.

The EMF encouraged to harness the potential of the blockchain to create $ 3.5 trillion worth of energy and mining systems.

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