The post Block Dojo latest: Shipping emissions, fintech apps, and Brazilian Jiu Jitsu appeared on BitcoinEthereumNews.com.

CoinGeek Conversations concludes its three-part Block Dojo mini-series with insightful conversations featuring innovators in blockchain technology. width=”560″ height=”315″ frameborder=”0″ allowfullscreen=”allowfullscreen”> In the latest interviews, Charles Miller meets three entrepreneurs completing the business incubator program: Robin Russel of Satva Trust, who discusses the use of blockchain to enhance emissions reporting in the shipping industry; Priyatham Varma of Back3nd, who explains his mission to empower non-technical individuals to create fintech products; and Luiz Adler of Smash Mountain Studio, who shares the journey behind developing the world’s first Brazilian Jiu Jitsu game. In the first interview, Charles speaks to Robin Russel, Co-founder and COO of Satva Trust, a company using blockchain technology to improve emissions reporting in the shipping industry. Robin stresses the importance of accurate data in an industry that releases around a billion tons of carbon dioxide each year, making up 3% of the world’s total emissions. The current data on emissions is unreliable, creating problems for financial stakeholders like lenders and insurers. “It’s really a question of visibility,” Robin explains about having clear information to make informed decisions about business risks. When discussing the market for emissions data, he explains that lenders and insurers pay for risk assessments using emissions data, along with shipowners who “would really like to showcase how well they’re doing in that direction.” However, unreliable data makes it hard for shipowners to showcase their environmental efforts. The first step to producing more reliable data is to eliminate self-reported data from ships. Robin notes the importance of using satellite data, which includes weather, sea conditions, ship details, position, and speed, processed through artificial intelligence (AI). Charles asks about the social and environmental motivations behind the venture. Robin asserts that “we’re all interested in sustainability,” acknowledging the team’s commitment to addressing climate challenges. As for the unreliability of…

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Filed under: News - @ December 7, 2023 11:20 am