Blockchain technology is changing the game in supply chains by bringing transparency, efficiency, and incentives for green practices. Giants like Ford, Walmart, Amazon, and UPS are already actively integrating blockchain to track their carbon footprint, optimize energy consumption, and minimize waste. But it’s not just corporate leaders who benefit from this technology: small businesses should consider implementing blockchain to achieve carbon neutrality and reduce costs.

An example of an innovative approach is the Internet of Forests (IoF) project, which uses decentralized sensors to monitor the health of tropical forests, highlighting the potential of the technology for environmental purposes.

A particularly important element is smart contracts, which can automatically track compliance with sustainability goals and reward suppliers for achieving results. This makes supply chains not only transparent, but also incentivizes partners to improve their environmental policies.

However, there is a challenge — choosing a blockchain network taking into account its energy efficiency. The transition from proof-of-work to greener proof-of-stake and the use of renewable energy play an important role in reducing the carbon footprint of the technologies themselves.

Why is this necessary? Not just to comply with regulations, but to be at the forefront of the industry, contributing to the creation of a sustainable and trustworthy future. It is time for decisive actions and strategies for those who want to make a real contribution to the development of environmentally responsible business.