A digital contract for restoration of the Earth System mediated by a Planetary Boundary Exchange Unit

Abstract

In this paper, we propose a new governance paradigm for managing the Earth System based on a digital contract inspired on blockchain technology. This proposal allows for a radical decentralisation of the procedures of controlling, maintaining and restoring ecosystems by a set of networks willing to engage in improving the operational conditions of local ecosystems so to contribute to an optimal functioning of the Earth System. These procedures are aimed to improve local Planetary Boundary parameters so that they approach the optimal Holocene reference values, the so-called Safe Operating Space, via a reciprocal validation process and an exchange unit that internalises the state of the Earth System.