Climate change and digitalization are two of the main developments characterizing the twenty-first century. Recently, the new Blockchain digital technology has aroused special interest as a tool that can help improve transparency in climate change policy instruments, including monitoring, reporting and verification (MRV) systems, climate finance architecture, carbon markets and renewable energy. Blockchain technology allows the exchange of information through a cryptographic protocol whose users are constantly updated and verified. In recent years, the climate change community has begun to explore its potential by applying the technology in pilot projects. However, Blockchain remains a new and poorly understood topic with few experts. With the aim of opening the subject to a wider audience, a seminar was organized on May 29 by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH and the Autonomous Technological Institute of Mexico (ITAM). The seminar aimed to

– Identify Blockchain’s potential for combating climate change;

– Explore Blockchain’s potential for creating climate change public policies; and

– Explore Blockchain’s potential for private sector climate policies.

The seminar took place on May 29 in the framework of a GIZ cooperation with the Autonomous Technological Institute of Mexico (ITAM).