June 24, 2020 New paper states that blockchain could be suitably applied to carbon markets.

A new paper, published on Monday, argues that blockchain technology could help in the creation of a decentralized carbon market mechanism in line with the Paris Agreement. Among the authors were representatives from Microsoft, and academics from the Technical University of Denmark and the Technical University Berlin. Specifically, the paper argues that blockchain could increase the transparency and automation of carbon market mechanisms, thus removing information asymmetry.