The UK city best known as birthplace of the Beatles is looking to join other advanced cities around the globe in embracing blockchain to improve its operations. Specifically, the Liverpool City Council (LCC) aims to rely on decentralized computing tech to mitigate its climate impact, according to a recent report from the local news outlet edie.net.
In a tweet from the LCC, they explain that the effort to reduce the city’s climate impact is a bid to become the “world’s first climate-positive city by 2020.”
Teaming-up for success
The LCC is not a tech organization and in order to make this a success, it has decided to partner with the Poseidon Foundation over a year-long trial of a blockchain platform. Said solution will be used to facilitate the security and exchange of tokenized carbon credits with the goal of offsetting the city’s climate impact by more than 110 percent!
The Mayor of Liverpool Joe Anderson described Poseidon’s technology as the “first of its kind to truly deliver a solution to governments, businesses and individuals around the world to help reverse the causes of climate change.”
“I am thrilled this agreement will bring this cutting-edge technology to our city,” he said.
Based in Malta, the Poseidon Foundation is a nonprofit that “uses blockchain technology that introduces transparency and traceability to make and track an impact where it matters most — forest conservation,” according to the organization’s white paper. And for what it matters — and it matters a lot — it has already completed a successful test of their platform in partnership with ice cream producer Ben & Jerry’s.
Liverpool has bold plans for tackling the climate change
The edie.net report says that the LCC has the benchmarks of reducing the city’s climate impact by 40 percent by 2030, and as part of that goal — the city is already installing 15,000 energy-saving LED streetlights across 2,000 streets to reduce energy consumption by up to 82 percent.
This latest endeavor is just one piece of the bigger puzzle, with the earlier efforts helping the city cut out more than 558,000 tons of carbon emissions since 2012.
Also, Liverpool is no stranger to blockchain and the crypto industry. Previously, the local independent business advocates Independent Liverpool partnered with Tel Aviv-based blockchain startup Colu to launch a local digital currency for UK residents and foreign travelers.