Enhancing Transparency and Accountability in Sustainable Finance Through Blockchain Technology: A Systematic Review of the Literature
Journal Title: Journal of Intelligent Management Decision - Year 2025, Vol 4, Issue 1
Abstract
This systematic review seeks to synthesize the existing literature on the integration of blockchain technology into sustainable finance, with a particular focus on its role in enhancing transparency and accountability. A bibliometric analysis was conducted using the PRISMA methodology, incorporating a meta-analysis of scholarly articles published between 2018 and 2023. The analysis was based on data extracted from databases such as Springer Link, Dimensions, and Google Scholar, using the search terms "blockchain," "sustainable," "finance," "transparency," and "accountability." Open-access articles from reputable, peer-reviewed journals were selected to ensure the reliability of the data. Research questions were framed following the PICo method, addressing the specific impacts of blockchain technology on sustainable finance systems. The review highlights that blockchain has the potential to significantly enhance transparency and accountability in sustainable finance by providing robust mechanisms for transaction traceability and verification. Notably, blockchain technology has been applied to improve carbon market management, facilitate green bond issuance, and support the disclosure of Environmental, Social, and Governance (ESG) data. Despite these promising applications, several challenges remain, including regulatory uncertainties, technological limitations, and integration complexities, which could hinder its widespread adoption. To facilitate the global integration of blockchain in sustainable finance, it is recommended that financial institutions invest in technological infrastructure and training. Furthermore, policymakers should work towards harmonizing regulatory frameworks, while researchers are urged to pursue interdisciplinary, empirical studies to address the potential and limitations of blockchain technology. A shift in academic curricula to include blockchain’s implications in finance and sustainability is also recommended to better prepare future professionals. In conclusion, while blockchain holds significant promise for improving transparency and accountability, its broader adoption will require addressing technological, regulatory, and socio-economic barriers.
Authors and Affiliations
Mohan Bhandari, Ghanashyam Tiwari and Maheshwor Dhakal
Keywords
Related Articles
- EP ID EP769386
- DOI https://doi.org/10.56578/jimd040102
- Views 1
- Downloads 0
Enhancing Stock Market Forecasting Through Deep Learning and Decentralized Data Integrity: A Blockchain-Integrated Framework
The reliability and precision of stock market forecasting are of paramount importance to investors, regulatory authorities, and financial institutions. Traditional centralized systems for data processing and model deploy...
Decision Support System for Mobile Phone Selection Utilizing Fuzzy Hypersoft Sets and Machine Learning
In the dynamic landscape of mobile technology, where a myriad of options burgeons, compounded by fluctuating features, diverse price points, and a plethora of specifications, the task of selecting the optimum mobile phon...
Enhancing the Retail Experience Through Augmented Reality: The Role of Flow in Brick-and-Mortar Stores
The retail sector is increasingly confronted with challenges arising from digital disruption and shifts in consumer behaviour. Amidst this transformation, the integration of augmented reality (AR) has been identified as...
Relationship Between International Trade and Logistics: An Evaluation on Countries of Shanghai Pact and the Belt and Road Initiative
Although some of the resources required to meet human needs can be provided by a country, the rest must be supplied from other countries because not every country has all resources. Therefore, the demand for internationa...
Evaluating the Logistics Performance of G8 Nations Using Multi-Criteria Decision-Making Models
Logistics performance plays a pivotal role in fostering economic growth and enhancing global competitiveness. This study aims to evaluate the logistics performance of G8 nations through multi-criteria decision-making (MC...