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Trees, like humans, communicate with one another. Their language looks like intricate and decentralised networks of complex chemical and electrical signals. These enable them to warn each other about potential dangers such as disease, harmful insects,and even incoming herbivores. Interestingly, their underground fungal network can also help them recognise their own kin, and favour them when it comes to sharing resources.
Technology’s role in facilitating how we share vital information and work collaboratively to solve some of the world’s biggest challenges, such as illegal deforestation, should take inspiration from trees. Nature is the world’s longest running R&D project, with millions of years of evolution under its belt – making it a very qualified expert.
With a growing number of regulations and summits, like the UK Environment Act, EU Deforestation Regulation and COP27, it is clear that steps are being put in place to help protect our natural environment. However, whilst these regulations and targets are a great starting point, they will only be met with the use of technology that can improve transparency and accountability, and facilitate due diligence across complex supply chains that is needed.
So, what are the key takeaways from the way that trees communicate that can help businesses craft better supply chain strategies?
Technology is a key enabler in implementing these learnings. One technology that has the potential to support this is Distributed Ledger Technology (DLT). DLT can create a network of collaboration that promotes decentralised, secure and transparent sharing of data between organisations. Not only that, but it allows organisations to utilise this data to do their own due diligence, beyond their immediate supplier and all the way back to the source.
In this system, participants can work together to maintain the integrity and security of this shared ledger – working in tandem, just like the components of a tree interact with those around it. Ultimately, we are stronger together and creating powerful, trusted networks will ensure businesses working sustainably continue to thrive, but more importantly that our natural world is properly protected.
Take a look at our solution Timber Chain to see how you too can build better bonds of trust and improve traceability, or get in touch to speak to a member of our team.
Would you like to know more about iov42 solutions? Our experts will be more than happy to answer your questions.