CRYPTOCURRENCIES AS A TOOL IN TRADITIONAL FINANCE FOR GREEN TRANSITION AND SUSTAINABLE DEVELOPMENT Cover Image

KRIPTOVALUTE KAO ALAT U TRADICIONALNIM FINANSIJAMA ZA ZELENU TRANZICIJU I ODRŽIVI RAZVOJ
CRYPTOCURRENCIES AS A TOOL IN TRADITIONAL FINANCE FOR GREEN TRANSITION AND SUSTAINABLE DEVELOPMENT

Author(s): Anesa Škiljan, Husein Mehmedović
Subject(s): Energy and Environmental Studies, Economic development, Financial Markets, Green Transformation
Published by: INTERNACIONALNI UNIVERZITET TRAVNIK
Keywords: cryptocurrencies; traditional finance; green transition; sustainable development;

Summary/Abstract: Cryptocurrencies and blockchain technology are increasingly being integrated into traditional finance, providing innovative solutions for financing environmental projects and sustainable development. Their application enables transparency, decentralization, and efficiency in financial flows, facilitating investments in green initiatives and promoting sustainable business models. Asset tokenization and smart contracts enable direct financing of renewable energy and environmental protection projects, while decentralized finance provides easier access to capital for green projects. Additionally, the shift from energy-intensive "proof-of-work" systems to more sustainable "proof-of-stake" models significantly reduces the ecological footprint of blockchain networks. Blockchain allows transparent tracking of carbon dioxide emissions and facilitates carbon credit trading, encouraging companies to adopt more responsible business practices. By using cryptocurrencies in ESG investments and green bonds, traditional finance can more effectively support sustainable projects and reduce global ecological risks. Although challenges such as regulatory barriers, market volatility, and the need for greater energy efficiency exist, the synergy between cryptocurrencies and traditional finance can accelerate the green transition, making the global economy more sustainable, resilient, and environmentally responsible.

  • Issue Year: 14/2025
  • Issue No: 30
  • Page Range: 198-205
  • Page Count: 8
  • Language: Bosnian
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