The mass timber revolution needs blockchain

By Henry Ines, CEO, Chainparency
Ledger Insights
September 23, 2024
Category: Wood, Paper & Green Building
Region: United States

…With their environmental benefits and lower carbon footprint outcomes, the mass timber movement is countering the legacy construction industry, which currently contributes to almost 40% of total carbon emissions globally. …The strong demand for mass timber projects is accompanied by growing concerns over deforestation, land conversion, and other potentially negative impacts to our forests. …Determining the net environmental benefits of mass timber projects will ultimately require the collection of high integrity data …Blockchain technology ensures the integrity of the collected data …Leading organizations and early adopters are already starting to utilize blockchain technology in forestry supply chains. For example, The U.S. Endowment for Forestry & Communities and its ForesTrust Network, a growing consortium of enterprises and organizations, are using blockchain technology in forestry supply chains to validate product claims, optimize supply chains and digitally streamline workflows, comply with global regulations, and to advance sustainability and climate-smart goals.

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