The Solana Foundation has partnered with data platform Trycarbonara to launch a real-time tracking dashboard to measure carbon emissions on the platform’s blockchain, making it the first major smart-contract blockchain to do so. The dashboard on the Solana Climate website ...
The Solana Foundation has partnered with data platform Trycarbonara to launch a real-time tracking dashboard to measure carbon emissions on the platform’s blockchain, making it the first major smart-contract blockchain to do so.
The dashboard on the Solana Climate website displays various indicators such as total node count, megawatt-hours, total carbon emissions average, and marginal use. It also includes emissions comparison charts that show how Solana blockchain usage compares to other emission-producing activities, such as burning a gallon of gasoline or performing a Google search.
The data used for the dashboard is open-source and is modeled on the estimated carbon footprint of the Dell PowerEdge R940. The Solana Foundation’s move towards carbon emission transparency aligns with global efforts to utilize blockchain technology for monitoring carbon emissions.
The European Commission has recognized the potential of blockchain, particularly through smart contracts, to accurately measure and track carbon emissions across value chains as part of its “Shaping Europe’s digital future” initiative. President Joe Biden has proposed budget plans in the United States that would impose a 30% excise on electricity used for cryptocurrency mining.
Solana Foundation’s initiative
The Foundation’s initiative could potentially pave the way for other blockchain platforms to adopt similar tracking systems to measure and disclose their carbon emissions. As the world increasingly focuses on environmental sustainability and combating climate change, transparency and accountability in carbon emissions reporting are becoming critical factors for businesses and industries, including the blockchain ecosystem.
The real-time tracking dashboard by the Company’s Foundation is a step towards promoting greater awareness and action on carbon emissions in the blockchain industry.