ASSAYING THE IMPACT OF BLOCKCHAIN TECHNOLOGIES ON TRACKING AND VERIFYING GREEN INVESTMENTS AND FINANCING IN EMERGING MARKETS

Abstract

This article assays the impact of blockchain technology on tracking and verifying green investments in emerging markets. Green investments are increasingly emerging as a key solution to address climate change in the conditions of environmental challenges and the need for sustainable development. Blockchain technology, with its unique features such as transparency, immutability, and traceability, can serve as an effective tool for building trust and credibility in green projects. This research analyzes the challenges in emerging markets, such as corruption and lack of transparency, and shows the contribution of blockchain in solving these issues. Moreover, it reviews successful examples of blockchain implementation in financing sustainable projects in different countries. The results show that using blockchain can improve financial transparency, facilitate the financing process, and increase investor participation in green projects. The article ends by providing suggestions for policymakers and investors to benefit from blockchain technology in green finance and emphasizes that this technology can serve as a key tool in achieving sustainable development goals in emerging markets.