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Gold mining is considered one of the most devastating activities for the environment. It affects natural ecosystems by removing soil and vegetation, depleting biodiversity resources and poses a lasting toxicological threat to surrounding ecosystems and human health. Given the fact that mining just one ounce of gold produces about one ounce of gold, the magnitude of the destruction that mining brings is clear. 800 KG Of greenhouse gases.
Despite the destruction of the environment, gold mining continues at a breathtaking pace, and much of the desire for gold is related to its value as an investment.In fact, most 50% The percentage of gold mined each year will collect dust in the bank vaults, with the top 10 G20 countries 25,000 metric tons Of gold as a spare.
Technology to tackle mining problems
But that’s not all bad news. Gold mining continues on a large scale, but technological advances enable more sustainable gold mining methods, deploying a variety of tools and resources, and providing resources in a safer and more efficient way. Can be mined. For example, technologies such as artificial intelligence and carbon recovery make the extraction of essential minerals and metals such as gold more sustainable.
The use of electrical equipment in place of harsh chemicals and hot furnaces also contributes to the reduction of pollution and recycling processes in the mining industry. Enhanced eco-friendly mining engine 90%.. As a result, particulate matter, nitrogen oxides and hydrocarbon emissions from mines have been significantly reduced.
Recently, the advent of blockchain technology and cryptocurrencies has paved the way for new solutions to address the environmental issues associated with gold mining. Financial democratization opens new avenues for sustainable development initiatives and investment in natural capital. In particular, asset tokenization has emerged as an effective means of protecting mineral assets such as gold.
Tokenize gold for an eco-friendly future
New technologies have emerged over the last decade, but relatively few have directly addressed the environmental damage caused by gold mining. Artificial intelligence, AR-VR, and other technologies do not solve the root cause of the problem, but only help fix the external cause of the problem. On the other hand, tokenization makes it possible to minimize the environmental impact of gold mining. The project to achieve this is Nature’s Vault.
Nature’s Vault Is one of the first blockchain platforms to address the environmental impact of gold mining through tokenization. The company monetizes underground gold deposits as legacy tokens through its own patent-pending protocol, with each legacy token being more than one-hundredth of a gram of gold stored underground. It is backed up. Legacy token owners can enjoy the benefits of gold-linked tokens while avoiding environmental damage from mining by allowing gold to remain on the ground.
The project will use a proof of stake consensus mechanism instead of a proof of work system to avoid the environmental impact caused by the latter. The community can also be part of its saved and earned staking program where legacy token owners can bet to earn token yields.
Save the Earth with blockchain solutions
Blockchain technology has a variety of use cases that can be applied to take action against climate change and support global health. This enables a more efficient governance system and provides advanced utilities such as real-world asset tokenization. All of these can be used to protect the Earth’s ecosystems. However, Natural Capital tokenization is new, and companies like Nature’s Vault are still testing water bodies.
The Nature’s Vault is at the forefront of environmentally friendly and sustainable projects that bring about positive change on the planet. Tokenization offers the potential benefits of data integration, automation, and real-time capabilities, as well as fragmentation and demediation. And by applying all this to gold, it will be possible to monetize the minerals and at the same time protect the ecosystems and inhabitants that exist on them from long-term damage.