🌱Everyone seems to have forgotten blockchain now that AI is the hottest topic, but it’s far from dead. Recently, I discussed the potential of using blockchain for tokenizing greentech technologies with a startup founder.
⛓️It can be tempting to add flashy technology, especially to attract investors. I’m no crypto expert, although I have some experience in the crypto markets—both positive and negative. So, hear me out and help me understand. I see two potential ways blockchain tokens could be used in greentech.
💹First, the shares in a greentech startup could be converted to tokens, which are then sold, giving investors a claim to the company’s profit. This sounds simple in theory, but I imagine it would be legally complex.
🤷🏻♂️But why would this be necessary? Tokenization allows ownership to be divided into very small slices, possibly suitable for crowdfunding. However, most greentech hardware products require large investments that are hard to raise through crowdfunding. If you just need funds, why complicate matters with tokens?
⚡️Second, tokens could be issued based on output, like kWh from a solar plant or kg of hydrogen from an electrolyzer. My friends in the crypto world say these tokens can be traded, but I don’t understand the underlying value of the token. It could be tied to carbon credits, but that would limit it to projects actively removing CO2 from the atmosphere.
❓Maybe it’s just ex-crypto enthusiasts looking to apply their technology somewhere. While tokens can be added to greentech, I just don’t see the point. Outside the carbon offset market, it seems like additional costs with zero benefits. What’s your opinion?
