Blockchain for Transparent and Sustainable Environmental Resource Management

Abstract

This paper investigates the possible improvements in the transparency and sustainability of managing environmental resources using blockchain technology. It seeks to develop a system which utilizes blockchain ledgers for record-keeping, data sharing, and transaction recording pertaining to environmental assets and resources which need to be monitored and verified. The methodology describes the creation of a framework using distributed ledger technology for resource tracking from source to consumption which allows for real-time monitoring and audit trails that are tamper-proof. Illustrative findings posit that the use of blockchain increases transparency and accountability while decreasing fraudulent activities, promoting stakeholder confidence, and improving resource management, thus aiding in sustaining a sound environment. This study underlines the potential of blockchain technology for solving fundamental issues in environmental governance and management.