A Study on the Impact of Blockchain-Enabled Green Finance on Corporate Sustainability and Indian Firms' Performance
Abstract
The new drive for development has given financial institutions an incentive to re-think their traditional approach. Growth in finance, especially due to concerns about the environment, climate-related risks, has been witnessed in many economies. Climate-related financing and climate funds are now regarded as green tasks. Meanwhile, the blockchain has been the subject of much interest for its ability to provide secure, transparent and non-tamperable digital records. Primarily associated with cryptocurrencies, blockchain technologies are now being extended into a variety of sectors including supply chain, healthcare, governance and more. The real-time and traceability provided by the blockchain has attracted and practice attention to its potential in solving some of the problems faced by green finance projects. The challenge of green investment is the lack of verification of the resources' usage for environmental friendly activities. A lack of data or inconsistent reporting makes it harder to gain investor confidence, and investor concerns about greenwashing can be exacerbated. nSet up ongoing monitoring of environmental performance indicators. The analysis is based on the Stakeholder Theory, Institutional Theory and the Technology-Organisation-Environment framework which together provide a comprehensive view of technological adoption and corporate sustainability behaviour. To achieve these goals, the study adopts a quantitative research approach, based on panel data from companies in different sectors, including manufacturing, energy, infrastructure, information technology and services. It explores industry and time gaps to assess the potential impact of blockchain technologies on corporate performance and environmental accountability of sustainability programs. This study is significant because it helps to understand better the connection between DTs and sustainable finance. Data collected from the Indian context could help policy makers, regulatory bodies, investors and corporate decision makers to adapt strategy to promote environmental responsibility and technological innovations. The study results might help to shape the design of clear, effective systems that align with longer-term objectives on India's way to a more digitally connected economy.