Blockchain technology introduces a fundamental transformation in the way we govern the exchange of value and how we approach trust. It replaces third party certification with a libertarian faith in technology as a mediator of social relations, while simultaneously creating new commodities that embed morals and principles in code such that individuals can more efficiently align spending with values. In doing so, it is reshaping relations of global conservation governance, catalyzing new institutional structures that break free from the nation state and embedding particular societal values and who can make money from them in technology. Governments have embraced blockchain for initiatives from fundraising for the sustainable development goals to securing land and resource rights to certifying green products and accomplishments. But who gains by these virtual initiatives that claim to secure environmental rights? Supported by the Mellon Foundation, my current research explores this question.
