A Block-Chain Framework for Increased Trust in Green Bonds Issuance
A Block-Chain Framework for Increased Trust in Green Bonds Issuance

Author: Vangelis Malamas

Publisher:

Published: 2020

Total Pages: 20

ISBN-13:

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Bonds issuance is a highly technical and complicated process, entailing mutually untrusted stakeholders with sometimes conflicting objectives. Currently, the global bond market is faced with several pain points when it comes to bond issuance, like disparate regulatory frameworks, limited traceability and auditability, settlement failures, and inefficient issuance processes. Block-chain technology is capable of addressing some of the issues mentioned above. In this paper, we propose a block-chain-enabled green bond issuance architecture. In particular, we develop an adaptable and efficient system that reduces the intermediary costs and offers compliance, scalability, confidentiality, and security. The block-chain-enabled system also acts as a transparent yet fully controllable decentralized authority where the funds of qualified, environmentally friendly projects could be traced. Our proposed architecture considers the various aspects and the complexity of the bond issuance procedures and the special requirements of green bonds. The architecture is based on a five-step model from green bond initialization to archiving. To adjust the processes of bond issuance to a block-chain-enabled model, we use digital tokens based on the ERC-20 token standard. Within the smart contracts developed, we use various functions to handle the prerequisites of validators and regulators' approval based on the documentation presented and the parameters of rate and maturity requested by the issuer. We use a separate smart contract to implemented forensic services. The overall system also considers various regulatory compliance instruments and enhances access of regulatory bodies to issuance records. We believe that the proposed architecture could be of significant value to researchers and practitioners from the financial domain.

Transforming Climate Finance and Green Investment with Blockchains
Transforming Climate Finance and Green Investment with Blockchains

Author: Alastair Marke

Publisher: Academic Press

Published: 2018-06-28

Total Pages: 370

ISBN-13: 0128144483

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Transforming Climate Finance and Green Investment with Blockchains establishes and analyzes the connection between this revolutionary technology and global efforts to combat climate change. The benefits of blockchain come through various profound alterations, such as the adoption of smart contracts that are set to redefine governance and regulatory structures and transaction systems in coming decades. Each chapter contains a problem statement that describes the challenges blockchain technology can address. The book brings together original visions and insights from global members of the Blockchain Climate Institute, comprising thought leaders, financial professionals, international development practitioners, technology entrepreneurs, and more. This book will help readers understand blockchain technology and how it can facilitate the implementation of the Paris Agreement and accelerate the global transition to a green economy. Provides an authoritative examination of this emerging digital technology and its implications on global climate change governance Includes detailed proposals and thorough discussions of implementation issues that are specific to green economy sectors Relates innovative proposals to existing applications to demonstrate the value add of blockchain technology Covers blockchain for the smarter energy sector, for fraud-free emissions management, to streamline climate investments, and legal frameworks for blockchain-based climate finance

Transforming Green Bond Markets
Transforming Green Bond Markets

Author: Juan Antonio Ketterer

Publisher: Inter-American Development Bank

Published: 2019-09-27

Total Pages: 36

ISBN-13:

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Despite exhibiting remarkable growth, the green bond market still represents less than 1 percent of the global bond market. This paper identifies two challenges that might slow the adoption of green bonds and presents a menu of responses that policymakers, regulators, and public financial institutions can use to offset these challenges. Specifically, it explores two key dimensions: (i) the risk profile of the green bond instrument and (ii) the transaction costs associated with issuance of and reporting on green bonds. New approaches to risk design and technology-based approaches are essential to untap the potential of green bond markets, particularly in Latin America and the Caribbean and other developing regions. The incorporation of financial mechanisms such as covered bonds and guarantees can adequately address the risk of the issues, making the market more attractive for investors. Enhanced regulation and education and leveraging efficiencies of new technologies such as distributed ledger technologies can substantially reduce monitoring and reporting costs, while improving transparency in the use of proceeds and market integrity.

Green Digital Finance and Sustainable Development Goals
Green Digital Finance and Sustainable Development Goals

Author: Farhad Taghizadeh-Hesary

Publisher: Springer Nature

Published: 2022-07-01

Total Pages: 373

ISBN-13: 981192662X

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This book aims to fill the literature gap on digital instruments and FinTech in enhancing green finance. ​Technological innovation can increase transparency, accountability, and speed, decentralize the financial system, improve risk management, increase competition, lower costs, improve efficiency, increase cross-sectoral collaboration and integration, and scale up green finance. Artificial intelligence (AI), distributed ledger technologies (DLT) or blockchain, peer-to-peer lending platforms, big data, Internet-based and mobile-based payment platforms, Internet of Things (IoT), matchmaking platforms including crowdlending, tokenizing green assets are potential means to scale up the green finance for achieving the SDGs. The COVID-19 pandemic, the economic downturns, and the uncertainties shrank the new investments in renewable energy projects globally. Low investment in renewable energy projects could threaten the expansion of green energy needed to provide energy security and meet SDG7 and SDG13. Investments in renewable energy projects are scarce because of several risks and a low rate of return. Although several new green financing solutions such as green bonds, green banks, green credit guarantee, carbon taxation, carbon trade, village funds, and community trust funds have been established in different countries, these are insufficient, and alternative ways to finance projects are required. The book provides several high-quality studies on utilizing digitalization, FinTech, financial innovations, and other new technologies to fill the finance gap of green projects to meet the SDG goals. The chapters are written by scholars in diverse countries and regions and include practical policy recommendations.

Building Decentralized Trust
Building Decentralized Trust

Author: Victoria L. Lemieux

Publisher: Springer Nature

Published: 2021-01-04

Total Pages: 169

ISBN-13: 3030544141

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This volume brings together a multidisciplinary group of scholars from diverse fields including computer science, engineering, archival science, law, business, psychology, economics, medicine and more to discuss the trade-offs between different “layers” in designing the use of blockchain/Distributed Ledger Technology (DLT) for social trust, trust in data and records, and trust in systems. Blockchain technology has emerged as a solution to the problem of trust in data and records, as well as trust in social, political and economic institutions, due to its profound potential as a digital trust infrastructure. Blockchain is a DLT in which confirmed and validated sets of transactions are stored in blocks that are chained together to make tampering more difficult and render records immutable. This book is dedicated to exploring and disseminating the latest findings on the relationships between socio-political and economic data, record-keeping, and technical aspects of blockchain.

Applying blockchain for climate action in agriculture: state of play and outlook
Applying blockchain for climate action in agriculture: state of play and outlook

Author: Van Wassenaer, L., van Hilten, M., van Ingen, E., van Asseldonk, M.

Publisher: Food & Agriculture Org.

Published: 2021-03-10

Total Pages: 78

ISBN-13: 9251339201

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The objective of this study is to provide insights into potentialities, steps, and best practices in applying blockchain technology (BCT) to use cases in agriculture in the context of climate change, to explore the opportunities and challenges in applying the BCT in agricultural sectors with the aims of reducing greenhouse gas emission, increasing carbon sequestration, as well as supporting farmers’ adaptation to climate change. Furthermore, this study also aims to shed light on policy options and propose policy guidance adapted to developing countries on blockchain applications.

Regulating Blockchain
Regulating Blockchain

Author: Philipp Hacker

Publisher: Oxford University Press

Published: 2019-08-29

Total Pages: 612

ISBN-13: 0192579509

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Less than a decade after the Financial Crisis, we are witnessing the fast emergence of a new financial order driven by three different, yet interconnected, dynamics: first, the rapid application of technology - such as big data, machine learning, and distributed computing - to banking, lending, and investing, in particular with the emergence of virtual currencies and digital finance; second, a disintermediation fuelled by the rise of peer-to-peer lending platforms and crowd investment which challenge the traditional banking model and may, over time, lead to a transformation of the way both retail and corporate customers bank; and, third, a tendency of de-bureaucratisation under which new platforms and technologies challenge established organisational patterns that regulate finance and manage the money supply. These changes are to a significant degree driven by the development of blockchain technology. The aim of this book is to understand the technological and business potential of the blockchain technology and to reflect on its legal challenges. The book mainly focuses on the challenges blockchain technology has so far faced in its first application in the areas of virtual money and finance, as well as those that it will inevitably face (and is partially already facing, as the SEC Investigative Report of June 2017 and an ongoing SEC securities fraud investigation show) as its domain of application expands in other fields of economic activity such as smart contracts and initial coin offerings. The book provides an unparalleled critical analysis of the disruptive potential of this technology for the economy and the legal system and contributes to current thinking on the role of law in harvesting and shaping innovation.

Handbook of Green Computing and Blockchain Technologies
Handbook of Green Computing and Blockchain Technologies

Author: Kavita Saini

Publisher: CRC Press

Published: 2021-12-27

Total Pages: 204

ISBN-13: 1000515311

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This handbook provides a computational perspective on green computing and blockchain technologies. It presents not only how to identify challenges using a practical approach but also how to develop strategies for addressing industry challenges. Handbook of Green Computing and Blockchain Technologies takes a practical-oriented approach, including solved examples and highlights standardization, industry bodies, and initiatives. Case studies provide a deeper understanding of blockchain and are related to real-time scenarios. The handbook analyzes current research and development in green computing and blockchain analytics, studies existing related standards and technologies, and provides results on implementation, challenges, and issues in today’s society. FEATURES Analyzes current research developments in green computing and blockchain analytics Provides an analysis of implementation challenges and solutions Offers innovations in the decentralization process for the application of blockchain in areas such as healthcare, government services, agriculture, supply chain, financial, ecommerce, and more Discusses the impact of this technology on people’s lives, the way they work and learn, and highlights standardization, industry bodies, and initiatives This handbook will benefit researchers, software developers, and undergraduate and postgraduate students in industrial systems, manufacturing, information technology, computer science, manufacturing, communications, and electrical engineering.

Detailed Guidance for Issuing Green Bonds in Developing Countries
Detailed Guidance for Issuing Green Bonds in Developing Countries

Author: Asian Development Bank

Publisher: Asian Development Bank

Published: 2021-12-01

Total Pages: 89

ISBN-13: 9292692852

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This guidance note aims to help bond issuers and their advisors to understand the process and key considerations for a successful green bond issuance. Demand for green bonds and other sustainable finance products is increasing rapidly, and issuers are seeing an opportunity to be part of the green bond market. This publication covers all the steps required to follow best practices in labeling bonds as green. It includes examples, links to further details, and key resources for green bond issuers and their deal teams.

The Blockchain Revolution
The Blockchain Revolution

Author: Michael Beebe

Publisher: Michael Beebe

Published: 2024-03-31

Total Pages: 344

ISBN-13:

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This book explores the evolution of trust throughout human civilization, highlighting its transformation from mutual reliance in prehistoric societies to complex networks and organizations in the modern digital age. Trust, a cornerstone of human relationships, faces particular challenges in the digital era, where virtual interactions have become increasingly intricate. However, the emergence of blockchain technology presents a groundbreaking solution, poised to redefine trust and revolutionize interactions and transactions in the modern world. Initially associated with cryptocurrencies like Bitcoin, blockchain is a distributed ledger system that records transactions across a network of computers. Unlike traditional trust models reliant on intermediaries, blockchain fosters trust through consensus procedures and cryptographic techniques, creating transparent and immutable transaction records. Its advanced consensus mechanisms, such as Proof of Work and Proof of Stake, ensure network security and integrity. The transparency afforded by blockchain reduces reliance on opaque centralized entities, enhancing accountability and reducing blind trust. Furthermore, blockchain's immutability and decentralized structure make it resistant to fraud and manipulation, offering reliability and resilience across various industries including finance, supply chain management, healthcare, and government services. Despite challenges such as scalability and legal frameworks, the potential of blockchain technology to promote transparency and trust in the digital age is vast, requiring collaboration among industry leaders, legislators, and researchers to fully realize its benefits. Embracing blockchain technology heralds a future characterized by increased dependability and inclusivity, marking a significant shift in how we communicate and conduct business.