Blockchain-Cryptocurrency Technology Can Control Pollution In Dev…

Pollution in developing countries has adverse health impacts on the countries’ low-income demographic. According to a World Bank report, poor air quality leads to cardiovascular and respiratory diseases and 7 million deaths annually. This makes pollution the biggest cause of disease and death, more than AIDS, tuberculosis, and malaria combined. 

There are multiple reasons why pollution affects developing countries more than the developed parts of the world. Developing countries have poor air quality regulations, more usage of old machines/transport, higher dependence on fossil fuels, and slash-and-burn agricultural practices. These factors get combined with low-quality healthcare infrastructure, leading to a sharp rise in pollution-related morbidity and mortality.

Poor People Are More Exposed To Pollution

Data reveals strong correlations between pollution and poverty, with marginalized communities getting the worst affected. World Bank estimates show 716 million poor people, living on less than $1.90/day, are exposed to high PM2.5 concentrations. 57% of this demographic or 405 million people currently live in Sub-Saharan Africa.

Additionally, 275 million extremely poor people are directly exposed to hazardous PM2.5 levels. Data tells us that every 1 in 10 people exposed to high air pollution lives in extreme poverty. In lower-middle-income countries, 64.5% of the population is exposed to high PM2.5 levels. In comparison, only 4.4% of low-income and 0.9% of the population in high-income countries are exposed to pollution.

The Economic Costs of Pollution

If someone thinks pollution simply kills poor people, they’re wrong. Pollution also has detrimental effects on the global economy. A World Bank report demonstrated that air pollution cost an estimated $8.1 trillion loss in 2019, equivalent to 6.1% of global GDP. Therefore, pollution bears a high economic burden, affecting 5-14% of a country’s GDP.

Pollution management is now a necessity to boost global prosperity and wealth generation. Thus, countries need to adopt aggressive decarbonization strategies to reduce the adverse impacts of climate change. To this end, blockchain-cryptocurrency technology can help by offering energy-efficient machines to facilitate sustainable development.    

Mitigating Pollution With Blockchain-Cryptocurrency Technology

Blockchain-cryptocurrency companies like Elan Future have come up with innovative technological solutions to reduce pollution in developing countries. Elan Future’s patented technology helps these countries reduce their dependence on fossil fuel-based energy production and corporate-controlled distribution networks. Combining the power of blockchain, parametric resonance, and negative ion technology, Elan has opened up new avenues of energy generation.

Apollo, one of Elan’s signature products, uses parametric resonance to amplify energy, thereby producing 10x more electricity. This portable, plug-and-play device will help households, industries, and electric car owners significantly reduce their energy costs. It will also mean less usage of fossil fuel-based electricity, offering a greener alternative to existing systems.

Another Elan product called Model 2 harnesses the negative ions in the surrounding environment to produce usable AC/DC electricity. This sleek device produces sustainable, clean energy without harming the environment. Bia is yet another Elan device that saves up to 97% of energy by connecting to house heating solutions. This eases the burden on non-renewable energy sources to produce excess electricity during winter.

Elan’s native blockchain, ‘The Chain’, connects all Elan devices with Elan tokens powering the network. Consumers can use the Elan tokens to purchase Elan products, pay for their electricity, and send tokens through a mobile application. Blockchain technology helps Elan users to remotely monitor their electricity usage and directly donate energy to poor people without centralized intermediaries.

Elan Future’s sophisticated technology can help developing countries reduce their pollution levels and empower poor people to access clean energy. This will help millions come out of energy poverty, making way for sustainable and equitable energy generation and distribution practices.