Blockchain as Sustainability enabler ?

The core advantages of blockchain technology is in its feature that is transparency, data auditability, privacy, value transfer, and process efficiency and automation. This can be leveraged to drive the data changes needed to deliver sustainable infrastructure.

Blockchain technology uunlock new sources of financing and mobilise existing industry pledges to carbon reduction through establishing new financing platforms. A clear objective is to lower the cost of capital for infrastructure projects, along with improved liquidity, transparency, and expanded access to finance.

The technology could also bring visibility to alignment with sustainability goals by enabling countries and stakeholders to track data and information on infrastructure projects. Blockchain technology enables platforms to standardise data, assess asset performance which may be further analysed when they are integrated with remote sensors to enchance the capability of smart controls to increase sustainability efficiency.

The technology can also potentially address the key challenges and opportunities in areas like the energy, transport and agriculture industries

A good use case example will be A blockchain-based infrastructure contract management system with contract written capability to verify and tracks the valid and legally binding versions of contracts in infrastructure projects. This will immensely improve transparency in current multi-party contract agreements.

Another good use case will be to have Emissions certificate trading systems that could efficiently provide transparency and reliable data through a global blockchain layer. This can help to effectively control quota rules, certificate circulation, promote market integrity and robust carbon accounting while also automating transactions and increasing overall efficiency