Blockchain and society
Evangelos explains that we don’t yet fully understand the ethical, environmental, and societal implications of blockchain technology. He describes several examples of the current challenges.
In this step we would like you to respond to a scenario by deciding whether blockchain would be a successful solution and what the challenges might be, considering any social, legal, environmental, and ethical issues.
Scenario:
A climate change organisation would like to introduce a technology to enable it to trace the carbon footprint of companies and citizens as a way to incentivise actions that reduce their carbon footprint. Could blockchain be a trustworthy, ethical technology to use for this?
Suggest
- Discuss and reflect with other learners on the social, legal, environmental, and ethical considerations of using blockchain technology to address this issue.
- How should such blockchain technology be designed and applied to be successful in this context?
- What challenges and opportunities exist?
- Share your thoughts in the comments below.
Engage with your peers by responding to their reflections and offering constructive feedback to deepen their understanding.
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