- Standards development in blockchain and DLT that contribute to Sustainability
Blockchain and Distributed Ledger Technologies
Climate resilience: Extreme weather events across Europe and globally in 2024/25 saw a seismic shift in climate impacts on societies. B/DLT technologies provides a track record of immutable data sources to help historical measures and help European societies and governments to plan for future climate resilience.
New technologies: The accelerating shift in global tech eg: AI and crypto-currencies, is setting revolutionary opportunities and challenges to European laws, ethics and societies. B/DLT enables immutability, trust in distributed systems and change management in mass data storage.
New Regulations: New standards in Terminology and B/DLT technologies contribute to the new EU Sustainable Reporting legislations, by providing ESG traceability eg: accurate carbon emissions for businesses.
Value of Research
The priority aims to support the development of European and international standards for DLT/blockchain technologies to ensure transparency in sustainable financing. This contribution brings together the financial, reporting and new technologies to address the gaps between these three sectors.
The challenge for sustainable finance is to minimise the risk of 'greenwashing’ and provide better reporting for the Sustainability sector, ESG investment and Net Zero climate goals and new EU Reporting regulations.
It includes standards development to combine blockchain/DLT Use Cases reflecting sustainable solutions, while the sustainable finance standards cover Terminology and reporting guidelines, and the financial services consider digital currencies and tokenisation.
This contribution aligns with the European Standardisation initiatives, including the effective delivery of ESG investment strategy and Net Zero climate goals, along with the new EU Climate and Sustainable Reporting legislation in 2024 /2025.
