Blockchain standards for sustainable development

Abstract

Sustainable development requirements are often regarded as adding a layer of cost to production of goods and delivery of services. This perception can result in the dilution of sustainable development goals. To address this concern, it is necessary to improve both the methods by which sustainable development is achieved and the validation of its long-term benefits. Identification of better and more quantifiable indicators of value and progress are clearly linked to achieving sustainable development. This article explores the way that International Standards can help government agencies and development organizations to make sense of information communication technology and the way they can be used to improve and report outcomes. Standards can help ensure that innovations and processes are interoperable, reliable and secure. Blockchain standards will improve blockchain's reputation as a useful layer of technology for tracking and auditing data, exchanges and transactions, making it an invaluable tool for achieving transparency and trust in sustainable development programs.