Solana Foundation claimed Solana to be the first major smart-contract blockchain network to have its emissions measured in real-time. Solana collaborated with Trycarbonara, a carbon data platform, to develop the emission tracker.
All Solana nodes have software that measures accurate carbon footprint data. This data changes based on the throughput of individual validators. The data includes energy consumption, total carbon emissions, network power intensity, total node count, megawatt-hours, and other data.
The dashboard will give statistics for the network. The emission tracker collects stats from on-chain data and data gathered from a Solana validator representative sample. Anyone can analyze network emissions from the various data on the dashboard.
Solana takes real-time data from Solana nodes software and updates the dashboard every two weeks.
The Solana Foundation aims to set new standards for measuring emissions in blockchain by publically releasing the data.
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Solana's real-time emissions measurement shows the following data on the dashboard:
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Blockchain networks already have a huge environmental impact, particularly crypto mining takes up a ton of energy. They also rely on computers and software, having detrimental effects on the environment.
Accountability and transparency of carbon emissions by businesses and organizations are critical factors to fight against climate change.
This initiative of the Solana Foundation may encourage other blockchains to adopt measures to monitor and disclose their carbon emissions via similar tracking systems.
According to experts, blockchains can help enterprises in developing smart contract solutions that can help track and monitor the sustainability of products. The technology can also speed up renewable energy deployment in developing countries.
If you are interested in building a similar blockchain solution to track various processes then Oodles can assist you. Contact our blockchain developers to get started.