Granados, Julian, Schlüter, Achim ORCID: https://orcid.org/0000-0002-0046-7263 and Lahl, Rebecca ORCID: https://orcid.org/0009-0001-4190-6306 (2023) Policy Brief 2023/2 - Implementing blockchain technologies in PES schemes: tools and opportunities. [Stakeholder Publication]

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Abstract

Summary
This policy brief shares the results of investigations carried out at the ZMT on how blockchains can contribute to improve the environmental and social outcomes of Payments for Environmental Services (PES) schemes.

Blockchains are a type of distributed ledger technology (DLT). They are a system of electronic records to establish a consensus around a shared digital ledger of transactions. Transactional information is recorded in blocks of digital information and chained together using cryptographic means.

Payments for Environmental Services (PES) are widely used incentive-altering economic mechanisms for influencing human activities to achieve environmental goals. Payments are provided as economic incentives for carrying out environmentally friendly activities or for avoiding environmentally detrimental practices.

Blockchain technology can provide various tools that contribute to the creation and management of PES schemes that promise to be more effective, efficient and aligned with social co-objectives.

For the benefits of blockchain implementation to materialize, practitioners must understand the social, economic and technical framework upon which the schemes rely. Based on this the blockchain architecture can be designed in accordance with the specific needs of the PES project.

Document Type:	Stakeholder Publication
Programme Area:	PA Not Applicable
Research affiliation:	Social Sciences > Institutional and Behavioural Economics Science Management > Office for Knowledge Exchange
Related URLs:	Organisation https://doi.org/10.21244/zmt.2023.005
Date Deposited:	26 Mar 2025 14:41
Last Modified:	26 Mar 2025 14:41
URI:	http://cris.leibniz-zmt.de/id/eprint/5630

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