Shell and Gitcoin: A True Blockchain Alliance or Greenwashing Attempt?

Shell collaborates with Gitcoin on climate solutions, but with its past controversies, skeptics question the oil giant’s genuine commitment.

Shell Global Solutions, an international gas company, has announced a partnership with blockchain platform Gitcoin, signaling a significant shift in leveraging blockchain technology for climate solutions.

While blockchain technology is largely associated with cryptocurrencies, its application reaches far beyond. Its potential to address complex global challenges, particularly in energy and climate change, is immense. This newly formed partnership looks to potentially harness that potential, with a focus on the energy domain, offering avenues for better transparency and the adoption of renewable sources.

Central to this alliance is Shell’s commitment to bolster the Gitcoin matching fund. The energy giant has pledged to support the upcoming four Climate Solutions rounds as part of the Gitcoin Grants Program. In addition, the collaboration will also witness a blockchain-centric hackathon later this year, specifically aimed at addressing energy use cases:

Numerous oil spills have plagued the area, devastating local ecosystems, polluting water sources and harming the livelihoods of countless residents dependent on fishing and farming: