Celebrate Vegetarian Day Through a Blockchain Prism

Today is World Vegetarian Day! Digital technologies quickly broke into the sphere of food industry and food retail. Innovations also change the habits of people in buying food and consuming it. New technologies can help us in developing useful "green" habits. Blockchain, for example, helps to monitor the production of food and not only.

To celebrate the World Vegetarian Day, IHODL decided to remind you how close vegetarian community is to the emerging technology of blockchain and how it is used to improve the planet we live on.

Are you a Vegan? Then VeganCoin token is right for you, as it is focused on Vegan-friendly industries and communities. It is identifying itself as a “Cruelty-Free Cryptocurrency.” VeganCoin owners can use it in a meal-sharing platform called VeganPoint and in an online shopping system VeganNation. A pre-sale of the token started back in February in 2018.

The modern consumer is becoming more and more aware. The demand for organic products is growing, and people want to be sure that their food is healthy and safe. Consumers want to know about the origin of the ingredients and to know if the safety rules and ethical standards were observed during the production. But how to make sure that the manufacturer observes the quality standards in all segments of the food path from farm to table? That’s when blockchain comes to the rescue.

While running through the Long Island, don’t miss the opportunity to pop into a vegan bakery Sweet To Lick for a cup of good coffee or tea that would go well with pastries, such as Elvis cookies, Bourbon pecan cookies, Swiss rolls, and Funnybones. Also you can find an excellent lunch menu and take a peep into the vegan products market, full of products. Payments can be made in fiat and bitcoin.

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Technologies bring many useful things and tools to our lives. However, they also have a downside. Growing consumption leads to chaos in the ecosystem of our planet. Every year, more than 1.5 billion tons of waste is produced and analysts predict that this figure will double by 2030. Global climate change now worries almost every person, not just environmental scientists, since it is simply impossible not to notice the annually growing change in the weather. According to the World Wildlife Fund (WWF), the inhabitants of Earth consume more resources than the planet can replenish in one calendar year. People need a planet 1.7 times bigger than ours to provide the necessary resources.

Biologists believe that the main threats to the environment are the lack of control over the consumption of resources, synchronization in the work of customers and suppliers, and the lack of an honest and genuine accounting system. The introduction of blockchain to control the extraction, processing, and supply of various raw materials could help reduce the negative impact on the environment. This system provides transparency of transactions, security, and protection from double write-offs.

At the same time, modern technologies themselves are periodically subjected to attacks and accusations from the environmental activists. The critics of cryptocurrency often say that miners are over-consuming electricity. This point of view was spread due to some studies, which the media reported about. However, there is an opposite point of view, too. The researcher Katrina Kelly of the University of Pittsburgh expressed the opinion that the danger of mining for the environment is greatly overrated. She believes that all environmental concerns about cryptocurrencies are far-fetched and are due to a lack of understanding of the new technology.

Jack Ma plans to do his best to leave a grand legacy before retiring. He draws attention to the positive uses of the blockchain, specifically protecting the environment. He spoke at the World Artificial Intelligence Conference in China and mentioned that emerging technologies must prove themselves useful. “Blockchain and IoT will be meaningless tech unless they can promote the transformation of the manufacturing industry, and the evolution of the society towards a greener and more inclusive direction,” he said.

Liverpool City Council is partnering up with Poseidon Foundation to participate in blockchain-based carbon credits system. Liverpool is working hard to become a climate-positive city by 2020, the first in the world. This means the city will pay more attention to the damages caused by carbon emissions. To achieve that, they are ready to face environmental challenges, expand forests, clean the ocean, increase awareness and apparently partner up with Poseidon. All these efforts are supposed to go on a traceable blockchain platform.

The World Economic Forum (WEF) foundation has offered over 65 ways of using blockchain to resolve the “most pressing” environmental matters. Without a doubt, one of the most relevant challenges we are faced with is the ecological and environmental problems that seem not to be going anywhere, nevermind how hard we try. A report, titled “Building Block(chain)s for a Better Planet,” offers an array of ways that blockchain technology can be used in the fight to preserve our environment, and manage environmental resources. Out of the many presented solutions, eight “game changers” are offered, that have the potential of radically changing the current organization of environmental matters.