Title : Utilization of Blockchain and the Roles of Banks in Indonesia in Tackling Environmental Challenges: A Qualitative Research

Vol 6 No 2 (2023): Volume 06 Issue 02 February 2023

Article Date Published : 24 February 2023 | Page No.: 1638-1648 | Google Scholar | Crossref doi for this article

Abstract :

This dissertation investigates the readiness of the blockchain technology to be utilized in the upcoming Indonesia’s Emissions Trading Scheme, also the roles of banks and digital banks in the ETS using PESTEL analysis. The study found that Indonesia still lacks the infrastructure to implement the blockchain technology, while banks in Indonesia has huge roles in the scheme including preparing the infrastructure. With a large and growing population, Indonesia has the potential to develop the human resources necessary for blockchain development. However, finding skilled programmers remains difficult. The relationship between blockchain and the environment is also examined, with experts debating its potential benefits and drawbacks. In addition, the thesis analyzes Indonesia’s efforts to mitigate and adapt to climate change, including its participation in international agreements and infrastructure improvements. Finally, the thesis considers the role of financial institutions in promoting emissions trading and the challenges they face in doing so. Overall, the thesis highlights the complex and interconnected factors that influence the adoption and development of blockchain technology in Indonesia.

Keywords :

banks, Blockchain, Carbon market, Carbon trading, climate change, Digital banks, fintech., Indonesia

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Author's Affiliation

   Kemal Aditira
School of Business and Management, Institut Teknologi Bandung

   Yudo Anggoro
School of Business and Management, Institut Teknologi Bandung

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Kemal Aditira, Yudo Anggoro, 2023

This work is licenced under a Creative Commons Attribution 4.0 International License.

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Utilization of Blockchain and the Roles of Banks in Indonesia in Tackling Environmental Challenges: A Qualitative Research. Kemal Aditira, Yudo Anggoro, 6(2), 1638-1648. Retrieved from https://ijcsrr.org/single-view/?id=9457&pid=8957

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