Social Alpha Foundation to Fund Yale Openlab $150,000 to Fight Carbon Emissions and Climate Changes
Social Alpha Foundation has awarded a grant to Yale Openlab. The grant is often awarded to companies and projects that use blockchain to promote a positive social impact. Yale Openlab is an initiative headed by both Tsai Center for Innovative Thinking at Yale and the Yale Center for Business and the Environment.
Yale Openlab is working to develop and incubate open-source and disruptive projects. The projects focus on the most pressing environmental issues on the planet and hope that blockchain may be a solution.
The grant itself will be used for two of the focus projects. The first project is the consolidation of skill-based blockchain education ecosystems. The second is the Open Earth Challenge, which is working to develop an open-source blockchain-enabled framework so that an immutable consensus concerning the Earth’s carbon budget can be achieved. There will be open design and price sprints with high-level stakeholder consultations and expert advice.
According to Martin Wainstein, Ph.D, the founder of Yale Openlab and innovator at the Tsai Center for Innovative Thinking at Yale,
“Climate change is a global issue that requires immediate attention. Our Earth’s atmosphere can hold a limited amount of CO2 emissions before the global average temperature rises above levels deemed as safe for humanity. At present, if emissions continue to be left unchecked, our limited carbon budget could be consumed in as little as 15 years. This challenge requires people and organizations to collaborate at an unprecedented scale, and reimagine traditional business models and paradigms. The Paris climate agreement has set the world on a path to zero emissions by 2050, but we lack the global tools that can help us track our environmental actions in a trustless and competitive world. We believe a constellation of blockchain technology, data oracles, and internet-connected sensors under open source protocols and standards may provide the fabric for globally trusted procedures to emerge, and we are immensely grateful to Social Alpha Foundation for allowing us to inspire and educate the next generation in how to apply blockchain capably and ethically for environmental impact.”
The Social Alpha Foundation seems excited about the grant. Nydia Zhang, the Co-Founder and Chairman for the Foundation stated,
“Yale openlab’s unparalleled expertise in climate change research, longstanding credibility at the governmental level, and its open innovation framework means new ideas, products, and services will be conceived in a transparent and shareable, rather than proprietary, format. We look forward to seeing how Martin and the Yale openlab team will leverage blockchain and distributed ledger technologies to enable collaborative projects which are part of this emerging third wave of the internet, and how this will positively impact the environment.”