United Citizens Organization launches as a blockchain initiative at COP26

A panel of experts from the tech and environmental sector addressed global citizens about how to improve coordination and support climate action using blockchain technology at COP26’s press conference in Glasgow, Scotland, Wednesday.

At COP26, the GloCha United Citizens Organisation (UCO), for Action for Climate Empowerment, was launched as a blockchain-based quasi international organization in Klagenfurt. It will use blockchain technology to help advance climate change goals in accordance with the United Nations’ Sustainable Development Goals.

The UCO is rooted within the Action for Climate Empowerment Innovation Project (or ACE_AT), as well as in the Global Challenges Action Empowerment Consortium (or GloCha). It facilitates open discussion about the society’s collective vision of climate action and empowers large-scale resource mobilisation.

GloCha, the U.N. Habitat Youth Programme, and the Climate Chain Coalition have partnered to work with youth climate groups in order to build the institutional and technological infrastructure necessary to achieve the U.N. SDGs through impact-oriented entrepreneurial models.

Miroslav Polzer, founder of GloCha, hosted the panel. Among others, Romi Sumaria, Dairou sidiki, and Kristina Corner, editor-in-chief at Cointelegraph, were among those on the panel.

Romi Sumaria, Oblique Life’s co-founder and CEO, spoke out about how blockchain technology can be used to mobilize financial and human capital for climate change projects.

“Blockchain will enable us to ensure that those who invest in these projects understand where their money and time are going, what the metric is they are looking at, and what their return on investment (ROI) is.”

The organization’s roadmap describes its goals to publish a whitepaper report in February 2022 and then to offer registration in April 2022.

Other considerations include the distribution and mobilization of carbon footprint compensations Cryptostamps, resource mobilisation through decentralized autonomous organisations (DAOs), and support for several society engagement projects.

UCO will be working with the respective governmental systems to create these partnerships in the coming months. Expected deployment will begin at the COP27 hosted on the continent of Africa, November 2022.

Representatives from United Citizens Organization will be on the panel at COP26

Dairou Sidiki (CEO of APCD Chad) commented on the importance to engage African citizens in sustainable development issues and foster the development of innovative solutions.

“We believe that it is a great idea to establish this partnership to fundraise for and mobilize resources to climate action in Africa, particularly to consider what solutions Africans could have and to help them implement those solutions on the ground.”

Similar: How do you measure success in implementing adoption strategies?

During the COP26 conference, a variety of thought leaders from both the crypto and environmental ecosystem expressed valid concerns over the increasing energy-intensive activities on blockchain networks like Bitcoin.

The leading digital asset hasdiscouragedclimate experts for its heavy reliance on fossil fuels to sustain the production of mining activities, a fundamental pillar of its establishment and operations.

An expert research team from the University of Cambridge released the Bitcoin Electricity Consumption Index earlier this year. It calculated that Bitcoin uses 121.36 Terawatt-hours per year. This is a staggering figure that places it above other countries such as Argentina.

In recent months, a number of cryptocurrency companies have gained popularity. They are working on solutions to decarbonize Blockchain activities and researching for them.

Ark Invest and Jack Dorsey’s Square teamed together this year to promote a memorandum arguing Bitcoin offers a unique opportunity for innovation in and adoption of a green network system powered exclusively by renewable energy sources.

This problem can be solved by creating an ecosystem in which solar/wind, battery, and bitcoin mining all co-exist to create a green grid that almost exclusively uses renewable energy. This is possible without compromising the sector’s profitability.
Square Crypto (@sqcrypto), April 21, 2021

The report concludes by citing analytical data metrics like the levelized cost or LCOE and transmission capacity, to determine the ease of transitioning towards green production.

“The Bitcoin and the energy markets are merging and we believe that the energy asset owners today will become the miners tomorrow.”

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