Blockchain Technology and Environmental Sustainability

Blockchain technology has become known as a groundbreaking achievement with the ability to have an impact on a wide range of sectors, including environmental sustainability. The purpose of this abstraction is to investigate the influence of blockchain technology on environmental sustainability in Bahrain. Bahrain, being a fast-expanding country, must cope with the environmental issues related to energy consumption, waste management, and carbon emissions. Blockchain technology provides a decentralized and transparency framework that can successfully solve these challenges. For instance, the immutability and transparency of blockchain enable the development of dependable structures for tracking and overseeing the environmental resources and processes. Environmental data concerning energy consumption, waste management, and water usage may be collected, validated, and shared across stakeholders in a safe and impermeable way using smart contracts and IoT sensors. Furthermore, blockchain technology makes it easier to integrate renewable energy sources and create distributed energy trading systems. Both individuals and organizations may use this to create, distribute, and exchange renewable energy, establishing a decentralized and sustainable energy environment. This literature review aims to contribute to a better understanding of the impact of blockchain technology on environmental sustainability and provide insights into the potential benefits and drawbacks of using blockchain technology for environmental sustainability in Bahrain.