Momentum is building towards new IT solutions to climate change and other sustainability matters as a result of, for example, pressure on businesses from consumers to improve the sustainability of their supply chains and their products. This is where blockchain technology comes in. Blockchain is the name for a digital ledger in which transactions (often made with a cryptocurrency such as bitcoin) are recorded chronologically and publicly. Unlike other instruments, blockchain is deeply impacting not just the financial world but a growing number of sustainable business applications because it ensures:
Transparency and immutability
Data are readily available to all parties involved in any kind of transaction
Once the data are created, it can’t be deleted or altered
Process integrity and disintermediation
The parties in any transaction will know that everything will be done exactly as the agreed upon protocol dictates
Eliminate any needed intermediation by a third party
Lower costs and faster transaction
Blockchains have a great potential to cut overall transaction cost and time by eliminating the overhead costs of exchanging assets and the involvement of third-party intermediaries
Access to high-quality data to everyone
All parties involved in a transaction will have accurate, timely, consistent and complete data in order to make a well-informed decision.
Blockchain is making it possible, for example, to manage clean power trading across solar-fed microgrids that cover city blocks filled with both residential buildings and industrial facilities; or to even contemplate the creation of a "carbon currency" to help consolidate the carbon market so it can scale up. Blockchain is also contributing to make supply chain management across several industries, for example by tracking goods more transparently or by preventing wasteful, inefficient, fraudulent, or unethical practices.
WeSostengo partners with Consulting & Development Strategies (C&Ds), a management consulting firm, based in Switzerland (Lugano and Zürich mainly) but with a cross border approach with the EU and North America. C&Ds focuses on topics related to Digital Transformation as Blockchain, Social & Digital GRC, and CyberSecurity. Through C&Ds, WeSostengo can count on a group of specialized software developers and blockchain experts that can create ad-hoc platforms for public and private business operations.