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From Chains to Change: How Blockchain Promotes Sustainable Future

Blockchain has sparked the interest of several global audiences, especially business professionals compelling them to join hands with leading Blockchain software development companies. Dramatically expanding the possibilities of decentralization, cryptocurrencies have become the way to go for smart contract development across various domains.


One of the over-rated platforms of Blockchain is Bitcoin, which is regarded as distributed ledger technology. Here, the data is stored in the blocks securely. This data can only be viewed but not altered. Each block has details of the previous block which makes it impossible to modify.

An important thing to note is that the data in a block is not tied to a single server, instead, the block data gets replicated and stored on some other bitcoin mining nodes.

What is Blockchain?

The movement of data via the dispersed collection of nodes is governed by a permanently locked set of regulations, or "Protocols."

Blockchain in Sustainable Future Development

Most businesses today are tending to make a clear goal that their blockchain company projects should be built through sustainable solutions. Blockchain technology is trying to establish new funding policies to unleash new sources of funding to help businesses reduce carbon emissions and contribute to the environment. This will also improve availability, honesty, and accessibility to credit among businesses.

With respect to blockchain sustainability, there are about 17 global objectives centered around sustainable development issues including poverty, poverty, climate change, education, equality, infrastructure, land and water, and production/consumption.

The United Nations Sustainable Development Goals (SDGs) have emerged as an organizational framework for several asset owners worldwide, specifically those who are looking for a themed investing strategy.

Blockchain: The catalyst of the Green revolution

As per Morgan Stanley's survey of investment banking firms, 78% of asset owners and investors of sustainability are also considering at least one relationship with the SDGs as part of their investment strategy. The SDGs provide a framework for thinking about and seeking effect in the context of thematic investment.

Due to the Global importance and immediate effect on the human future, the United Nations organized a set of strategic goals in the 2015 General Assembly session.

These goals are basically known as the Sustainable Development Goals (SDGs). Some of them are as follows:

  • Eliminating impoverishment in all aspects of life across the world.
  • Eliminating malnutrition.
  • Attaining enough food supply
  • Encouraging ecologically responsible farming.
  • Fostering fair, inclusive, and viable economic growth.
  • Full and productive employment; and decent employment for all.

These SDG goals have been incorporated into the 2030 Agenda as well, which is focused on carrying out the tasks required to attain these goals by 2030.

The ITU (International Telecommunications Union), and the UN Agency (who oversees the advancement of communication and Information Technology) have been studying the potential of Blockchain in accomplishing the SDGs.

Achieving all these SDG goals requires proper financing and a keen focus on the measures required for execution. The right use of Blockchain technologies and related tools can minimize obstruction occurrences and process delays and accelerate funds availability with reduced disputes in the move.


Why does Blockchain support SDG Achievement?

Blockchain technology's rapid development shows no indications of halting. Many implausible things against this secure technology have turned out to be incorrect throughout the last few years like excessive transaction costs, net fraud, recovering lost data, double spending, and many more. Blockchain Technology can assist you in preventing all of these concerns.

Blockchain can contribute to SDGs in several ways. The crucial ones are here:

  • It promotes accountability and security of resources offering fine traceability and transparency for all roles.
  • It manages to deliver resiliency and provides safety precautions to stop any form of manipulation that could affect other individuals.
  • Assuring the observation of activities via the execution of smart contracts, which validate the Blockchain event happenings.

Transparency Through Blockchain: Exposing Supply Chain Footprints

Every business knows how complicated it is to ensure transparency and traceability, whether it is in finance or it is in operational processes. Blockchain technology has come as a boon for businesses helping them minimize efforts with implausible traceability and transparency in every transaction of the supply chain. Blockchain-based systems help businesses uncover footprints of the supply chain and ensure fair trade with accountable industry-based practices.

Blockchain-enabled integrity uses blockchain to offer information about supply chain footprints. We are well aware that the supply chain is an integrated network of organizational assets, and activities engaged in the P&D (Production-delivery) of goods and services to end users.

Although there are a lot of advantages to be seen with other technologies in the supply chain, many of them cannot guarantee the accuracy and reliability of data entered into the system. Blockchain is one such technology that promises accountability with all these things.

It uncovers supply chain footprints and gives a huge promise for more open, efficient, and responsible supply chains that benefit businesses, customers, and society.

Empowering Local Communities through Decentralized Renewable Energy

The step toward an environment-friendly future is a complex yet necessary step for a better future. This is especially important for industries moving with non-renewable energy resources.  What are the best ways to do so?

Blockchain technology, by building a peer-to-peer energy marketplace, can enable the decentralized trading of renewable energy.

Individuals and groups may proceed with trading renewable energy directly using smart contracts and digital tokens. This will eliminate the traditional energy intermediaries or brokers helping local people save time and money.

In fact, this will allow local populations to reuse clean energy and promote the expansion of renewable energy infrastructure.

What is Decentralized clean energy trade?

It is an innovative concept that permits local communities to take part in production and delivery. It enables businesses and other individuals to generate power from renewable energies such as solar panels or wind turbines and sell any extra energy back to the grid or directly to other local energy market players.

Generally, decentralized green energy trading gives local communities seamless power over their energy production, consumption, and financial advantages. It fosters sustainability, resilience, and economic opportunities while contributing to a more decentralized and ecological energy future.

Carbon Credit Tokenization: A Revolution in Emissions Offsetting

Tokenizing carbon credits is a mind-boggling concept that employs blockchain to create digital tokens. These tokens are reflected as carbon credits for revolutionizing emissions offset as an objective.

Now what are marketable units? There are measured-driven units that indicate the greenhouse gas emissions status (increased or decreased).

Companies tend to reduce greenhouse gas emissions using carbon credits that are incentivized by emission-reduction programs. However, the current carbon credit market is sometimes complex and many times opaque. Blockchain can help to solve these problems by tokenizing carbon credits providing a way for a transparent and accessible economy.

Carbon credit digitization on a blockchain provides organizations and individuals an opportunity to engage in offsetting emissions and contribute to carbon neutrality goals.

Blockchain enabling Circular Economy and Resource Efficiency:

Blockchain has the potential to hasten a sustainable and circular economy. It assists in organizing collaborative networks that allow for flawless resource sharing and recycling.

Blockchain can resolve sustainable concerns through carbon credit tokenization, making them transparent and accessible.

Tokenization involves creating digital tokens representing reduced greenhouse gas emissions.

Blockchain platform promotes the circular economy by optimizing resource tracking, sustainability, and collaboration.

To put it simply, carbon credits are useful for reducing greenhouse gas emissions because they incentivize emission-reduction programs. So, that’s all from this Blockchain-related blog. I hope you have learned several things about sustainable approaches.


Businesses may profit from the circular economy and become more efficient, transparent, and inclusive by embracing blockchain technology. Other benefits include resource optimization and tracking throughout their lives, sustainable best practices, and the establishment of collaborative networks for resource sharing and recycling.

In this article, we explored how blockchain technology piqued the curiosity of various commercial clients.  We investigated the relevance of blockchain and its role in improving environmental sustainability. Finally, we heard about the SDGs' goals and how businesses should use blockchain to implement important measures.

Author Bio:

A passionate Technical writer and an SEO freak working as a Technical content manager in a reputed Java development company. Having served in the Information technology, Services, and Product industry for years, I relish writing about technology, and love sharing impeccable insights on various platforms. I believe in constant learning and am passionate about being better every day.