Table 7

Practical contributions of blockchain in governance and sustainability

DimensionInvolvementExample application
Reliability and verifiabilityReplacing traditional trust with verifiable algorithmsSmart contracts to validate financial transactions
Technology adoption modelsImproved TAM/UTAUT models with traceability and decentralisationBlockchain adoption in mobile banking apps
Institutional influenceInfluence of regulatory and cultural factorsPublic policies adapted to the local legal framework
Corporate governance and ESGRegulatory compliance (CSRD) and ESG supportReal-time auditable ESG reporting
Stakeholder engagement and communicationGreater transparency between stakeholdersStakeholder access to traceable information
Digital governance (DAOs)New frameworks for decentralised decision-makingDAO platforms for voting and governance
Risk management and auditAutomation of ESG risk controlReal-time emissions and compliance monitoring
Strategic sectoral applicationsSector strategy developmentTraceability of products in agribusiness or tourism
Source(s): Authors’ elaboration

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