Blockchain technology has the potential to digitize corporate reporting and even replace many business processes. These include smart contracts, supply chain traceability, and corporate carbon footprint reimbursement. Against the backdrop of the evolution and globalization of carbon regulation and related markets, blockchain can help address climate change and collect carbon credits, including in developing countries.
Blockchain is an innovative database that records every transaction and operation ever made on it. The system allows stakeholders to track company reporting and supply chain transparency, the carbon footprint of each product entered into the registry and greenhouse gas emissions into the atmosphere. This makes the blockchain indispensable in the fight against climate change: the transparency it provides enables companies to make their processes more sustainable.