Utilizing Blockchain for Better Enforcement of Green Finance Law and Regulations

Zhang, Xiaochen; Aranguiz, Matias; Xu, Dakang; Zhang, Xing

doi:10.1016/b978-0-12-814447-3.00021-5

Cited by 25 publications

(11 citation statements)

References 0 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Compensation and donation for social contribution activities IXO Foundation [55,56] Tokenized the social impact of philanthropy-once confirmed, tokens are given, which can be used for future donations.…”

Section: Donation Through Cryptocurrencymentioning

confidence: 99%

A Study on the Sustainable Development of NPOs with Blockchain Technology

2020

View full text Add to dashboard Cite

This study investigated the application of a blockchain for promoting the sustainable development of non-profit organizations (NPOs). Transparency and good governance are important for operating NPOs in addition to building trust with relevant stakeholders. NPOs consume a large amount of resources (including funds) to monitor their operations and present their transparency and soundness of governance to interested stakeholders. Blockchain technology can fulfill an NPO’s requirements at a lower cost and with a higher efficiency. We reviewed the existing research on NPO governance and blockchain applications. In addition, through case studies, we identified sustainable development strategies for NPOs involving blockchain technologies to increase donation, reduce cost, enhance transparency, and improve governance structure.

show abstract

Section: Donation Through Cryptocurrencymentioning

confidence: 99%

A Study on the Sustainable Development of NPOs with Blockchain Technology

2020

View full text Add to dashboard Cite

show abstract

“…Nassiry (2018) suggests three broad areas for the application of Fintech to green finance, namely, (i) blockchain applications for sustainable development; (ii) blockchain use-cases for renewable energy, decentralized electricity market, carbon credits and climate finance; and (iii) innovation in financial instruments, including green bonds. Zhang et al (2018) argue that a government should provide a friendly regulatory environment that allows blockchain and other innovative technologies to supplement existing institutional frameworks towards achieving a sustainable environment and development goals. Volz (2017) examined the role of central banks in greening the financial system.…”

Section: Using Technology To Advance Green Finance and Green Investmentmentioning

confidence: 99%

Green finance research around the world: a review of literature

Ozili¹

2022

IJGE

View full text Add to dashboard Cite

This paper reviews the existing research on green finance. It identifies the important themes in the green finance literature, particularly, the strategies to increase green financing; efforts to make green investment profitable; promoting green financing using technology and policy, the role of regulators and financial institutions in the green finance agenda, and the challenges of green financing. Several cross-country observations about the challenges of green finance and solutions to green finance issues are documented. The findings show that green finance has the potential to make a significant difference in the environment, society and for climate change mitigation, but many challenges abound such as the lack of awareness about green finance, inconsistent definitions of green finance, lack of policy coordination for green financing, inconsistent policies, and lack of profitable incentives to investors and financial institutions who are willing to invest in climate change mitigation.

show abstract

“…Through its transparency, blockchains could also enhance community-led/ accountability and reporting paving the way for a large range of technological solutions currently explored by financial industry (Truby, 2018). Zhang et al (2018) listed several examples from China and other countries showing how blockchain can boost climate-related businesses. There is a growing number of projects implementing blockchain to improve the energy consumption (Andoni et al (2019) for a detailed review on this topic).…”

Section: Literature Reviewmentioning

confidence: 99%

Cryptocurrencies’ hashrate and electricity consumption: evidence from mining activities

Schınckus

Nguyen

Chong

2022

SEF

View full text Add to dashboard Cite

Purpose Given the growing importance of cryptocurrencies and the technique called “SegWit” that allows to compile more transactions in a mined block, the electricity consumed per block might potentially decrease. The purpose of this study is to consider that the difficulty to mine a block might be a better indicator of the Bitcoin\Ether’s electricity consumption. Design/methodology/approach This study applies the vector error correction model to investigate data related to primary energy consumption and electricity production, supply and consumption for Bitcoin and Ether hashrates from 2016M1 to 2021M5. Findings The hashrate (difficulty of solving the cryptographic problem related to the validation of a transaction) is found to have a positive cointegration with energy and electricity consumption. Despite the launch of the Segregation Witness (SegWit) mechanism allowing blocks to handle a higher number of transactions per block, this Bitcoin and Ether growing need in electricity has significantly been increasing since October 2019. Originality/value The major contribution of this study is to investigate a more relevant indicator, namely, hashrate (computational difficulty to solve cryptographic enigma associated with cryptocurrencies-related transaction). The approach of this study can be justified by the fact that there exists a technical solution consisting in increasing the number of transactions per blocks so that less electricity might be required to validate a transaction.

show abstract

Utilizing Blockchain for Better Enforcement of Green Finance Law and Regulations

Cited by 25 publications

References 0 publications

A Study on the Sustainable Development of NPOs with Blockchain Technology

A Study on the Sustainable Development of NPOs with Blockchain Technology

Green finance research around the world: a review of literature

Cryptocurrencies’ hashrate and electricity consumption: evidence from mining activities

Contact Info

Product

Resources

About