Harnessing Blockchain For Sustainable Development

In an increasingly digitalized economy and society, the security and accountability of data transactions are critical elements for creating trust and enabling breakthrough innovations in the digital world. In this regard, blockchain technology could be a game-changer, with the potential to revolutionize processes from finance to pharmaceutical industries, from public services to humanitarian work and development aid. The blockchain serves as the base technology for cryptocurrency, enabling open (peer-to-peer), secure and fast transactions. It can be used in many applications that could contribute to sustainable development. This publication explores how blockchain is potentially a key technology in a new technological paradigm of increasing automation and integrating physical and virtual worlds. Similar moments in the past technological revolutions offered windows of opportunity for some developing countries to catch up and others to forge ahead. Therefore, governments of developing countries should seek to strengthen their innovation systems to strategically position themselves to benefit from this new wave of technological change.

The pressing challenge of aligning cutting-edge technologies with environmental sustainability has emerged as a pivotal issue. As the demand for green investment strategies intensifies, the need for a comprehensive understanding of how to integrate blockchain and digital twins into financial practices becomes increasingly urgent. The disconnect between these innovative technologies and sustainable finance practices is a gap that, if left unbridged, hampers progress toward a more environmentally responsible financial future. Harnessing Blockchain-Digital Twin Fusion for Sustainable Investments emerges as the solution to this critical problem. This book serves as a transformative guide, offering a deep dive into the synergy of blockchain and digital twins, providing real-world applications, case studies, and strategy frameworks. Tailored for academia, finance professionals, technologists, policymakers, and company leaders, this book bridges the gap between cutting-edge technologies and sustainable finance practices. It not only contributes to ongoing research but also acts as a catalyst for innovation, empowering individuals to make informed decisions in an evolving financial landscape with a heightened commitment to environmental responsibility. Embark on a journey with this groundbreaking resource, where technology meets sustainability, and discover how to reshape finance for a greener and more innovative future.

Blockchain technology has great potential to radically change our socio-economic systems by guaranteeing secure transactions between untrusted entities, reducing costs, and simplifying many processes. However, employing blockchain techniques in sustainable applications development for smart cities still has some technical challenges and limitations. Blockchain Technologies for Sustainable Development in Smart Cities investigates blockchain-enabled technology for smart city developments and big data applications. This book provides relevant theoretical frameworks and the latest empirical research findings in the area. Covering topics such as digital finance, smart city technology, and data processing architecture, this book is an essential reference for electricians, policymakers, local governments, city committees, computer scientists, IT professionals, professors and students of higher education, researchers, and academicians.

Achieving the Sustainable Development Goals through Finance, Technology and Law Reform Achieving the SDGs requires a fundamental rethink from businesses and governments across the globe. To make the ambitious goals a reality, trillions of dollars need to be harnessed to mobilise finance and accelerate progress towards the SDGs. Bringing together leaders from the World Bank, the financial and business sectors, the startup community and academia, this important, topically relevant volume explains what the SDGs are, how they came about and how they can be accelerated. Real-world case studies and authoritative insights address how to direct investment of existing financial resources and re-align the global financial system to reflect the SDGs. In depth chapters discuss how financial institutions, such as UBS Wealth Management, Manulife Asset Management and Moody’s Rating Agency are supporting the SDGs. The opportunities arising from Blockchain, Big Data, Digital Identity and cutting-edge FinTech and RegTech applications are explored, whilst the relevance of sustainable and transparent global supply chains is underscored. Significant attention is paid to law reform which can accelerate progress of the SDGs through SME Financing, Crowdfunding, Peer-to-Peer Lending and tax restructuring. To achieve the ‘World We Want’, much needs to be done. The recommendations contained within this book are critical for supporting a fundamental shift in thinking from business and governments around the world, and for building a more just and prosperous future for all.

This book will focus on the use of Blockchain 3.0 for sustainable development. This tool is invaluable for achieving transparency and trust, but possibilities to benefit society more broadly are emerging that will bring a bright future for sustainable development, too. The adoption of blockchain in agriculture, healthcare, infrastructure, education, environment, energy, communication will provide revolutionary changes in the digital era.

This book highlights the applications of blockchain technologies to foster sustainable development in different fields. The concept of Sustainability has grown widespread in today’s context and there are many requirements to achieve Sustainability in any industrial sector including mapping, tracing the supply chain to ensure sustainable supply chain management. Reliable and transparent, efficient data is one of the key requirements for Sustainability in today’s advanced industrial context. Achievement of Sustainability objectives in this advanced era demands various technological advancements such as Blockchain technologies. The core competencies of blockchain technology namely transparency, data auditability, privacy, value transfer, and process efficiency and automation are very much essential for achieving the multifold objectives under sustainability.​

At a time of growing environmental concerns and an urgent need for sustainable solutions, the intersection of blockchain technology and environmental sustainability is emerging as a powerful force for positive change. The environmental challenges of our time, including climate change, resource scarcity and the destruction of ecosystems, require innovative solutions that transcend geographical and political boundaries. Blockchain technology, with its decentralized and transparent nature, can not only track and verify environmental efforts, but also incentivize them.

This book provides a coherent Blockchain framework for the business community, governments, and universities structured around microeconomics, macroeconomics, finance, and political economy and identifies how business organizations, financial markets and governmental policies are changed by digitalization, specifically Blockchain. This framework, what they authors call “disintermediation economics,” affects everything by providing a paradigm that transforms the way we organize markets and value chains, financial services, central banking, budgetary policies, innovation ecosystems, government services, and civil society. Bringing together leading and experienced policy makers, corporate practitioners, and academics from top universities, this book offers a road map of best practices that can be immediately useful to firms, policy makers as well as academics by balancing theory with practice.