The effects of environmental crime and illicit trade are vast and often irreversible. The illegal trade in animal parts—rhino horn, ivory, pangolin, and many more—is still thriving in many parts of the world. In particular, the palm oil industry has devastated forests in the past through unscrupulous slash-and-burn techniques for clearing land. Many corporations and governments are increasingly realizing that fighting environmental crime isn’t just an issue of conservation. While blockchain is not a panacea for what ails the planet, it can be an extremely powerful tool for battling environmental issues, securing global supply chains, and rewarding good behavior.

Source: Forbes May 10, 2018 15:45 UTC