IOTA (MIOTA) Gears to Conquer Climate Change and Greenwashing with DigitalMRV

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IOTA (MIOTA) Gears to Conquer Climate Change and Greenwashing with DigitalMRV

IOTA trusts in the positive impact of IoT technologies on their economic system and everyday lives alike. IOTA’s Chrysalis and Green IT ecosystem ensure transformational change towards sustainable and regenerative practices. EU officials have called for joint commitment and action worldwide to lower emissions by 2030 to fight against climate change.

A Partnership Built on Prosperity

The IOTA Foundation and ClimateCHECK, a famous international climate and cleantech services and solutions, recently announced a strategic collaboration. The partnership seeks to advance innovative technologies for climate transformation, polished technologies, and sustainability that foster an open ecosystem in sustainable DLT protocols. 

They shared the first results of their joint ambition to create the DigitalMRV TM solution that streamlines and digitizes a process known as Measurement, Reporting, and Verification (MRV). IOTA partnered with a global network of climate programs and designed their DigitalMRV solution.

IOTA’s Chrysalis 2.0

With the transition and launch of the most significant update that IOTA has had to date coming on April 28th, 2021, the use of the IOTA Tangle reaches a critical point in its development. The target for ClimateCHECK and IOTA in their strategic partnership for climate and sustainability markets is to scale DigitalMRV implementations across various sectors and activities. The activities entail expanding facility integrations and partnerships, refining solutions to eliminate greenwashing, and increasing their understanding of their impact on the planet.

Earth Day 2021 enthusiasts are focused on implementing ambitious policies and transformational solutions to help restore the earth for future generations to flourish sustainably. Digital transformation is usually viewed as an essential part of the path forward.

Climate Smart Decisions

Several initiatives are focused on solving the climate crisis. They expect digital solutions to generate trusted data and automate the analytics to support better and more climate-smart decision-making. Additionally, they seek to achieve at least 15% of the GHG emission reduction goals of the UN Paris Agreement

CEO of ClimateCHECK, Tom Baumann, said that they have been working on climate change issues since 1998 in various roles and focusing since 2009 on bringing onboard digital solutions into reporting, measurement, and verification (MRV) systems. Digital innovations are rapidly advancing and becoming more critical for efficient and effective scaling of climate actions and nationally determined contributions under the Paris Agreement.

Although there’s a lot of attention on transformative technologies to solve the climate issue, the energy consumption of digital solutions continues to increase significantly. It has occurred despite several energy efficiency improvements. 

The unsustainable carbon footprint of blockchain reported for years by numerous studies was again recently in the spotlight. Several stakeholders are justifiably disillusioned with the possibility of digital solutions, including blockchain, as the planet’s liberator. 

Wayne Jones

Wayne is an all-rounded cryptocurrency writer who has written for several publications in the fintech industry. Having graduated from the University of Essex Colchester, he developed a passion for blockchain technology and has been curious about how the blockchain can modify the traditional financial industry.