By Hidayat Sultanli
On Sep 12, 2020
The World Economic Forum believes that blockchain can save more than 365 billion dollars by 2030 by reducing food losses and waste in the food supply chain. New technologies can help stimulate economic growth, especially after the COVID-19 outbreak.
According to the “Future of Nature and Business” study published in conjunction with the Cointelegraph, this technology can create 395 million jobs and generate 10.1 trillion dollars in business opportunities by 2030.
Inger Andersen, United Nations Under-Secretary-General and Executive Director of the UN Environment Program, says:
“As we enter a historic decade of action to halt and reverse biodiversity loss by 2030 and address climate change, business has a critical role to play in environmental stewardship of our planet. They have the technology, innovation and financing to make the shifts we need towards increased investment in nature’s infrastructure and nature-based solutions.”
Blockchain technology allows you to save 365 billion dollars by reducing food waste in the delivery of food. Pilot programs were launched in Benin, Ghana, India, and Rwanda. According to the first reports, relatively inexpensive storage and processing methods can reduce food losses after harvest by 60%. They can also increase the income of small landowners by 30%.
The report also claims that the technology could bring in 30 billion dollars in energy and mining supplies by 2030:
“Blockchain applications could grow rapidly over the coming decade, particularly in precious gems, diamonds, tin, tungsten and cobalt (…) Economies of scale will enable companies to unlock significant cost savings from initial blockchain investments, eliminating the need for costly materials verification processes.”
It is also worth noting that the WEF called for starting to use and then scale the potential of blockchain to help create a $ 3.5 trillion value in energy and mining systems.
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