This post was written on Earth Day 2023 (4/22/23).
This tradition which began in 1970 following the 1969 Santa Barbara oil spill. Each occasion is accompanied by a theme. In recent history:
-
2020: Climate Action
-
2021: Restore our Earth
-
2022: Invest in our Planet
The Invest in our Planet theme is continued in 2023. Importantly, this year beckons Accountability.
If Accountability is indeed what we require, then there can be no better impetus for the widespread adoption of Blockchain/Distributed Ledger Technology.
Ethereum’s Smart Contract platform employs Triple-Entry Accounting to simultaneously and synchronously (across network nodes) verify the crediting, debiting, and auditing of transactions.
Whereas the Bitcoin network pioneered this breakthrough by facilitating Peer-to-Peer Value Exchange, Ethereum network innovated upon this by pairing the Peer-to-Peer Exchange of Value with the Peer-to-Peer Execution of Contracts.
Smart Contracts Enforce Accountability
This has promoted the emergence of Decentralized Finance (#DeFi), and directly relevant to Earth Day – Decentralized Science (#DeSci).