Measuring Emissions in Blockchain: Setting a New Standard with Solana
A snapshot of the climate impact of the Solana network compared to other common use cases, taken April 19, 2023. Source: solanaclimate.com
About the Dashboard
The dashboard is robust and makes it possible to analyze network emissions from a number of different perspectives. Trycarbonara intends to keep developing their platform over time, and we encourage feedback, questions, and requests for additional analyses.
Measuring Emissions
The Solana Foundation hopes to set a new standard for measuring emissions in blockchain by publishing this data. We welcome the chance to work with other ecosystem players, both inside and outside the Solana community, who are interested in better measuring their emissions.
Since November 2021, the Solana Foundation has regularly commissioned independent third-party assessments of the emissions of the Solana network. The Foundation is committed to making these measurements more accurate and comprehensive over time.
Future Development
Moving forward, the Solana Foundation will track the release of new features that we expect to make the network more energy efficient and to make it easier for the Solana community to make environmentally conscious decisions.
- On-chain offsets: Several teams are building solutions to bring tokenized carbon and other nature-based credits on chain, and we will support these efforts where possible.
- Wallet level emissions analysis: The Foundation is investigating ideas to provide emissions data on a user’s personal carbon on-chain footprint, based on their wallet address.
- Automatic offset purchases: The Foundation is interested in projects that make it possible to be perpetually net-zero by enabling automatic offset purchases at regular intervals.
The Importance of Accurate Measurement
Information and Computing Technology (ICT) accounts for up to 3.9% of global carbon emissions – more than that of the airline industry. Accurate measurement with real-time carbon data is the first step towards cutting emissions. We hope the Solana Foundation’s efforts will inspire other blockchain networks and projects to take similar steps towards measuring their emissions and building a more regenerative on-chain community.
Trycarbonara is a venture-backed company headquartered in Seattle. Its real-time carbon data platform automatically quantifies the climate impact of technology assets to empower all organizations to create sustainable value. Learn more at: trycarbonara.com
Conclusion
The Solana Foundation’s commitment to measuring emissions and promoting sustainable practices in blockchain is an important step towards reducing the environmental impact of the industry. We hope that this effort will inspire others to follow suit and work towards creating a more regenerative on-chain community.
FAQs
Q: Why is accurate measurement of emissions important?
A: Accurate measurement is the first step towards reducing emissions. Without understanding the scope of our impact, we cannot effectively reduce our carbon footprint and mitigate the effects of climate change.
Q: How does the Solana Foundation plan to measure emissions?
A: The Solana Foundation plans to continue commissioning independent third-party assessments of the emissions of the Solana network, with a focus on making these measurements more accurate and comprehensive over time.
Q: What kind of features is the Solana Foundation planning to develop to make the network more energy efficient?
A: The Solana Foundation plans to track the release of new features that make the network more energy efficient, and make it easier for the Solana community to make environmentally conscious decisions.
Q: What is Trycarbonara and how is it related to the Solana Foundation’s efforts?
A: Trycarbonara is a venture-backed company headquartered in Seattle, which provides real-time carbon data platform. The Solana Foundation has partnered with Trycarbonara to measure the emissions of the Solana network, and to promote sustainable practices in blockchain.
Q: How can I get involved or learn more about the Solana Foundation’s efforts?
A: You can learn more about the Solana Foundation’s efforts by visiting the solanaclimate.com website, or by contacting us through our website.
