Greenwashing vs. Green Trust: The Role of Blockchain in Ensuring Transparency and Accountability

Abstract

This paper investigates the convergence of blockchain innovation and Ecological, Social, and Administration (ESG) responsibility, zeroing in on battling greenwashing. It inspects how blockchain's permanence, straightforwardness, and recognizability can upgrade ESG detailing, encouraging "green trust" among partners. The survey dissects existing writing, contextual analyses, and exact discoveries to resolve key inquiries with respect to blockchain's effect on ESG straightforwardness, reception hindrances, and its capability to enhance or supplant conventional frameworks. The exploration features blockchain's possible in different areas, including supply chains and green money, while recognizing difficulties like administrative vulnerability and industry opposition. It reasons that blockchain, while not a panacea, offers a practical pathway towards dependable supportability claims, stressing the requirement for cooperative endeavors to normalize and execute blockchain-based ESG structures.