WEFin collaboration with Binance and Perlin launch Global Ledger for Environement

WEFin collaboration with Binance and Perlin launch Global Ledger for Environement

GLOBAL LEDGER is a coordinated international initiative now launched by a coalition of Young Global Leaders (YGL) from the World Economic Forum (Forum) to support greater environmental transparency and accountability using blockchain technology. Based on distributed ledger technology (DLT) and leveraging the rapid growth of data from sensors, nano-satellites, drones, camera and IoT devices, the Global Ledger will provide open access for NGOs, Governments, businesses and citizens to track the performance of sustainability commitments and build report cards on public commitments.

Initiated by Forum YGLs Dorjee Sun of Perlin and Helen Hai of Binance Charity Foundation, the Global Ledger will be supported by Perlin and Binance Charity Foundation for five years, and based with the ICC Centre of Future Trade established by the International Chamber of Commerce (ICC) and Perlin with support by Enterprise Singapore. YGLs Zachary Bogue of Data Collective, Ronaldo Lemos of Columbia University, Jonathan Rake of SwissRe, Victoria Alonsoperez of Chipsafer, Kristin Rechberger of Dynamic Planet and Nicole Schwab of Nat Geo will be contributing access to data, AI capacity, hardware, software capabilities and alignment with the "Campaign for Nature".

Mariah Levin, Head of the Forum of YGLs for the Forum said: The Forum of Young Global Leaders seeks to create unusual alliances to establish innovative approaches for positive long-term impact. Global Ledger is a project that draws from the Forum’s platform and builds on the emerging impact of artificial intelligence and big data to protect the environment. This effort reflects the incredible potential of this community to pioneer new solutions to seemingly impossible challenges".

It is globally recognised that urgent action is needed to address the world’s most pressing environmental issues and while the UN’s Sustainable Development Goals (SDGs) have gained significant traction worldwide, the loss of trust for self-monitoring by centralised institutions and the need for objective measurement remain key challenges. By putting big data from multiple sensor networks on a decentralised, immutable and public blockchain in real time, the architecture of the Global Ledger provides confidence that objective assessments can be made.

Helen Hai, Head of the Binance Charity Foundation commented, "Binance Charity is focused on harnessing the power of decentralized technology to benefit people at a very human level. Given the billions of people who rely on the global commons for their livelihoods, we believe that this blockchain based report card for environmental and social impact will create meaningful and broad-based positive impact. By partnering with Forum YGLs and Perlin, we are showing our commitment to finding token-based economic models to address challenges exactly like those addressed by Global Ledger."

For example, In the past where car companies have gamed laboratory-based emissions tests, they would now be obliged to put IoT sensors on every vehicle and publish the emissions levels publicly and in real time on Global Ledger where any NGO, individual or government agency could readily access and see the results. "It’s time to put up or shut up about green commitments" stated Perlin CEO Dorjee Sun, "Even admirable declarations like the 2050 Net Zero greenhouse gas emissions targets by the UK Government need to be independently and scientifically measured, authenticated and published real-time on an immutable Global Ledger. Perlin is committed to supporting Global Ledger because we see the game changing explosion of technology that makes total transparency and measurement a reality for companies and countries."

Source: Press release
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