Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)

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How Blockchain Can Empower the Growth in Green Finance

Authors
Xunyu Zhao1, *
1City, University of London, Northampton Square, London, EC1V 0HB, United Kingdom
*Corresponding author. Email: xunyu.zhao@city.ac.uk
Corresponding Author
Xunyu Zhao
Available Online 31 December 2022.
DOI
10.2991/978-94-6463-036-7_60How to use a DOI?
Keywords
Blockchain; Green finance; Fintech
Abstract

In 2021, the climate action roadmap took the first step towards ensuring further tokenization of the security of green finance assets. This means the sensitive data will be replaced by non-sensitive equivalents and data security can be ensured. Through the application of tokenization, there is the automation of trading activities and further deployment of climate awareness actions that are funded by green finance. Green finance refers to credit facilities that are meant to assure the sustainability and protection of the environment. In the blockchain system, the technology promotes the tracking of the financial resources which plays a role in ensuring that once the funds have been allocated, they are utilized most efficiently. This article will explore the possibility of applying blockchain technology to promote sustainable development and how it will empower green finance. It can be concluded that blockchain technology fosters the authenticity and verification of green bonds.

Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
31 December 2022
ISBN
978-94-6463-036-7
ISSN
2352-5428
DOI
10.2991/978-94-6463-036-7_60How to use a DOI?
Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Xunyu Zhao
PY  - 2022
DA  - 2022/12/31
TI  - How Blockchain Can Empower the Growth in Green Finance
BT  - Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)
PB  - Atlantis Press
SP  - 412
EP  - 416
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-036-7_60
DO  - 10.2991/978-94-6463-036-7_60
ID  - Zhao2022
ER  -