“Cryptocurrency is just one use case for blockchain,” Karen Ottoni, director of ecosystem at Hyperledger, tells Cointelegraph in an interview during Paris Blockchain Week.
From “supply chain and trade, finance and capital markets, tokenizing green bonds, tokenizing real estate,” the list of blockchain applicable ideas is numerous and growing.
HyperLedger’s bread and butter is to sort through then support enterprise-grade blockchain software projects. From “managing food, fish, diamonds, minerals–the supply chain,” Ottoni told Cointelegraph.
While HyperLedger works in every industry, for Ottoni personally, it’s the impact on climate and climate action that most inspires her.
“To know whether or not the minerals that are being used for our cell phones, the tungsten being used in our cell phones or computers or cars if they’re coming from a sustainable.”
Blockchain technology has long been hailed as an effective tool against climate change, while a new school of thought on Bitcoin (BTC) evaluates Bitcoin mining as a means to incentivize the buildout of renewable energy plants.
However, the longstanding discussion “do you need a blockchain for that?” crops up. Ottoni cites the aforementioned tungsten mining operation in Rwanda as a successful implementation of blockchain technology that is more effective than a database.
“With a database, you have to trust whoever is managing it. There are a number of different actors in the space: the companies, the refiners, the…