Session: How to Solve Blockchains Sustainability Issue
Economy, society, and environment changed a lot in recent centuries. This has been mainly due to the growth of technology and the economy. Due to these changes, there is a focus on sustainability in business models. Sustainability comes from the concept of sustainable development. It means that economic and industrial affairs must proceed in a sustainable manner. That is, they must be aware of continued economic, environmental and social stability. Therefore, sustainability is a function of how the business affects the economy, society, and environment. Companies have employed various measures to ensure sustainable business operations. Many of these measures are technological innovations. One of the most recent and influential innovations is blockchain technology. Blockchain technology provides businesses with increased privacy and data protection through many means. Its built-in peer-to-peer system for validating transactions between users is one such means. Blockchain technology also offers excellent benefits in management and cost reduction. With a blockchain system, companies can save on the cost of brokerage services. In addition, the elimination of intermediaries means that commercial transactions will be carried out much faster. A transaction that might have taken a business day or two to complete may only take a few minutes. Businesses can use blockchain technology to generate trustworthy resource distribution records. These can help track the environmental impact of resource use and distribution.
- business owners can track the environmental impact of resource use and distribution.
Vilma Mattila is a venture capitalist, growth expert & futurist.
She is a Cofounder of 5ire.org (+1.5 billion usd valued sustainability focused company).
Vilma has +10 years experience in Emerging Technology
A portfolio of +70 Portfolio Companies, out of which +8 are billion dollar companies.
She is also an Advisor at Techstars.