Application of Blockchain Technology in Green Finance and Evaluation of its Economic Effects

Abstract

Against the backdrop of increasingly severe global climate change and environmental challenges, green finance, as a bridge connecting capital and sustainable development, is facing problems such as information asymmetry, transaction frictions and regulatory challenges. This study systematically explores the innovative applications of blockchain technology in the field of green finance and its economic effects. Through literature research and case analysis, we found that blockchain technology, with its characteristics of decentralization, immutability and smart contracts, has shown significant advantages in improving transparency, reducing transaction costs and alleviating the phenomenon of "greenwashing". Research shows that the application of blockchain in areas such as green bonds, carbon trading, renewable energy certification and green supply chain finance has produced economic benefits such as reduced financing costs, improved market efficiency and enhanced information transparency. This paper constructs a comprehensive assessment framework to provide guidance for policymakers and market participants to promote the innovative development of green finance.