QuarkChain, a blockchain infrastructure provider has announced a cooperation with an ecological department under a Chinese province government. The two bodies will collaborate to develop what is called an Environmental Governance Platform on Blockchain (EGPB).
The EGPB will be used by the Shanxi Province in the NorthWestern part of the country for construction resource management and trading.
Using Blockchain to Enhance Construction Management
With the scarce resources available for building and construction purposes, there is a need to develop a system that can enhance construction management. The ultimate role of blockchain in construction resource management is to ensure the traceability of the resource mining data and establish effective market supervision from core participants as chain nodes. The statement read:
“EGPB adopts the consortium chain design, and the core participants in the sand mining, transport, trade, etc. will become the nodes of blockchain. Different government departments will share the information and supervise the exploitation and transportation of resources. By linking the data of the industrial process, the industrial data can be traced.”
These traceable data will be unchangeable enhancing transparency and accountability among the project’s active participants. The EGPB is currently under testing and will be adapted to different cities and different types of resources.
Blockchain Driving Environmental Sustainability
The integrity of blockchain technology in preventing data falsification has found application beyond the financial ecosystem. Blockchain is currently being used to trace the conversion of Ocean Plastics into eco-fabric. This rare use case will help drive ecological balance by tracking, storing, and making data available in the complex process of forming Eco-fabric from ocean wastes.
The viability of blockchain technology to monitor and promote gun safety has also been highlighted. As the world embraces and integrates more of blockchain, we would see initiatives that will draw the technology’s strength to join the race to save our planet.
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