Unilever Plans To Use DLT In Environmental Projects

With a presence in more than 190 countries, Unilever, a British-Dutch consumer goods company, has announced plans to use Distributed Ledger Technology (DLT) as well as other innovative technologies such as satellite monitoring and geolocation tracking to solve the problem of deforestation and climate change.

According to the report of June 15, 2020, Unilever is going to introduce business practices that help achieve zero carbon emissions by 2039. The company plans to create the so-called “carbon emission labels”, which will indicate the amount of gas emitted during the production and delivery of goods.

In addition, the company has pledged to invest $1.1 bln over 10 years in an environmental fund. Note that this is not the first project in which Unilever uses blockchain technology. Last year, the blockchain was used by the company in the advertising industry. Currently, the company is also testing the use of blockchain to verify accounts payable.

Image courtesy of Unilever