The United Nations’ 17 sustainable development goals (SDGs), which were adopted in 2015, were founded on three pillars: environmental protection, social inclusion, and economic growth. These goals aim to unite nations and create a secure future for upcoming generations.
Seeing different organizations executing activities for a good cause is encouraging and sets the stage for a more localized, democratic, and diverse world. However, various challenges impede the path to sustainable development, which, fortunately, blockchain-based technologies can assist in overcoming, as we will see below. Such advanced solutions will make the SDG plan more organized while ensuring that all resources are being effectively utilized.

Blockchain-Oriented Solutions

Players in the industry can leverage blockchain technologies to change sustainable development and influence investing. These technologies can facilitate provable measurement, accountability, and history, which enable data-based decision-making in various enterprises and profit-driven industries.

Public Anti-Tamper Ledger to Facilitate Data Storage

Data siloing can be a significant impediment in the sustainable development industry, as keeping track of projects and expenses can get difficult. While nonprofit organizations and Certified B Corporations are required to submit annual reports and may publish their work on individual websites, non-registered, disorganized, and unpublished informal efforts account for a sizable portion of the influence. Even if you can access a specific project's data, it is typically in its own silo, making it impossible to compare it to similar or related projects.

Thus, many issues arise as a result of the lack of a single searchable or comparable repository of impact data, such as reinventing the wheel, a lack of collaboration, and failing to leverage the lessons learned.

Overall, these problems can be defined as “networked improvement deficient." Having a searchable, public, and anti-tamper record of significant projects can facilitate a networked culture and an advanced community that can significantly accelerate impact.

Missing Framework

In this ecosystem, an anti-tamper ledger is thus the missing framework, and can help monitor all impact-making outputs, activity, and outcomes on a public blockchain. A public and identity URL for each significant individual or organization used to view the entire journey will likely lead to an "internet of impact." Today, social media platforms like LinkedIn and Facebook enable the tracking and improvement of organizations’ or people’s activities, resulting in professional or social achievements. However, a public framework capable of monitoring and boosting the significance of achievements is not yet available, making it all the more urgent. It would not only promote impact but allow for accountability and auditing as well. Moreover, it would also develop a network in which partners could rely on each other’s knowledge and work to become a networked-enhanced group.

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