Blockchain Technology and Its Potential in Sustainable Finance and Investment
Neeti Misra, Abhilasha Chauhan, Nikita Siddhu · 2024
Blockchain has recently become a widely used information technology due to its efficiency as an intermediary platform. The widespread adoption of blockchain technology is revolutionizing various industries by leveraging its efficiency as an intermediary platform. This study systematically explores the multifaceted applications of blockchain in pivotal sectors such as finance, supply chain, healthcare, education, and energy consumption, thereby catalyzing the development of decentralized databases on the Internet. This research investigates the challenges and opportunities in the realm of blockchain technology, emphasizing its pivotal role in sustainable finance and investment. The current study scrutinizes the intricate relationship between blockchain and sustainable financing, illustrating how this innovative technology can reshape traditional financial models and contribute to environmentally and socially responsible investment practices. Furthermore, the study delves into the dynamic landscape of technology adoption, shedding light on the challenges encountered by diverse sectors in successfully integrating blockchain solutions. By offering a detailed elucidation of these hurdles, the research provides valuable insights into the evolving nature of blockchain implementation and lays the groundwork for formulating effective strategies to overcome obstacles. In summary, the study provides comprehensive information on the current state of blockchain technology, its applications across vital sectors, and its indispensable role in driving sustainable finance and investment. Through a meticulous examination of challenges in adoption, the research significantly contributes to the ongoing discourse surrounding the transformative potential of blockchain, which plays a key role in shaping a more resilient and sustainable future.