More Good News from Web Summit

Web summit panel

Dealing with “fake news” is a challenge for all of us due to the last four years of people in power blatantly telling untruths. Sadly, in regions like Ontario and others, the response to COVID-19 has equally been marred by people in power denying reality. This information environment makes it challenging for journalists to disseminate well-researched and variable information. Today at Web Summit a panel addressed these issues and argued that all of us need to expand our exposure to varied news sources while increasing our critical thinking skills.

This year, news has stepped into the light as a global force for good, communicating the message on how we can stop spreading Covid-19. The fight against fake news has taken on fresh significance in these trying times, but are we winning it?

Another noteworthy presentation looked into the use of hydrogen in the aviation industry. A somewhat secretive startup, Universal Hydrogen, plans to provide the fuel and more to the future of air travel. Of course, the problem with hydrogen is scalability – let’s hope they solve that! They argue that due to the energy requirements for flight that hydrogen is the best solution for decarbonizing the aviation industry (to be clear, they are focussing on large planes not smaller planes which can be fully electric). With the reduction in costs of renewable energy it means that hydrogen production can now happen in a carbon neutral way.

Good News From Web Summit Lisbon Day 1

Web Summit is a conference run in Lisbon about the future of the planet, technology,and business at large. I’m attending it remotely as best I can. The first day isn’t even done and there are two nifty good things already worth sharing:

Ridley Scott launches campaign with The Global Enabling Sustainability Initiative (GeSI)

The ‘Digital with Purpose’ Movement is open to all. Member organisations are required to make a public pledge to the four universal commitments of the movement: To contribute to the development of the framework, to take part in an open framework evaluation process and to collaborate with others to develop and realise their ambitions to maximise their positive impact on achieving the Paris Agreement and SDGs.

Evercity Announces Smart Sustainable bond

Powered by Parity Substrate blockchain engine, Smart Sustainable Bond Protocol is an open-source software which allows participants to issue and monitor innovative sustainability-linked bonds with adjustable floating impact-linked coupon rate. The main idea of the project is to increase accuracy of impact monitoring and reporting eliminating the risk of greenwashing, as well as to enable fair and transparent impact allocation between different stakeholders engaged in sustainability-related projects. The main operations performed are confirmed by blockchain digital signatures and can be traced publicly. The platform stablecoin EVERUSD can only be used in the operations with bonds, which eliminates the risks of money laundering.

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