- Standards development in blockchain and DLT that contribute to Sustainability
Blockchain and Distributed Ledger Technologies
This contribution brings together the financial, reporting and new technologies that impact European societies, and bring opportunities for SME innovation. Examples include: 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.
- Standards development in blockchain and DLT and finance that contribute to Sustainability
Blockchain and Distributed Ledger Technologies
This new work is necessary to address the urgent shift in international technology advances, such as AI. tokenisation and crypto-currencies, that may provide potential challenges to European laws, ethics and societies. Standards can provide trust in an environment of AI-generated fake news. For example, the work on ISO/AWI 24982 Digital currencies — Vocabulary helps define a common international language for business and societies, to create an interoperable financial system in digital currencies. Or the work on — ISO/WD TS 32219 Sustainable Finance — Terminology helps define a common international language for business and societies, across these regulations and business reporting. This Standards work in blockchain and DLT can help inform businesses, SMEs and societies by providing insights in guidelines to enable adoption, trust and scale in their businesses and networks.
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.
Role: convenor
Title & Organisation Name: ISO
Country: Greece
