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1. Blockchain and Energy Understanding Opportunities and Challenges

Author:
Nicola De Blasio and Charles Hua
Publication Date:
02-2024
Content Type:
Special Report
Institution:
Italian Institute for International Political Studies (ISPI)
Abstract:
The transition to a decarbonized, decentralized, and digitized energy future will unlock new business, policy, and technology models with the associated opportunities and challenges. Innovative technologies like blockchain, a shared, decentralized, and immutable digital ledger system that processes, validates, and manages digital transactions based on algorithmic consensus protocols, may enable this transition. Potential blockchain applications in energy range from enhanced distributed energy resources and peer-to-peer energy trading regimes to more robust grid management and smart energy contracts. There has been significant hype around blockchain’s potential impact in shaping economic and energy systems. Yet, it is essential to separate signal from noise and assess blockchain’s potential impact. This paper aims to provide a comprehensive analysis by identifying key use cases and then addressing which key characteristics blockchain technologies need to bring to fruition to support them. It also proposes an analytical framework to evaluate the potential impact of eight applications based on four key criteria: feasibility, maturity, scalability, and value additivity.
Topic:
Science and Technology, Innovation, Blockchain, Decarbonization, Energy, and Geoeconomics
Political Geography:
Global Focus

2. Blockchain Technology: An Innovative Policy Tool for Enhancing Conventional Arms Control and Verification

Author:
Nicolo Miotto
Publication Date:
01-2022
Content Type:
Policy Brief
Institution:
The Geneva Centre for Security Policy
Abstract:
Blockchain has the potential to revolutionise our societies by radically transforming multiple sectors ranging from financial services to health care, and from international trade to logistics.1 Governments, businesses, research centres, and international organisations are becoming increasingly interested in this cutting-edge technology because it can be utilised to provide a decentralised system for data management with high levels of transparency, reliability, and security.2 Recently, inter- governmental organisations such as the United Nations (UN) and the OSCE have emphasised the relevance of blockchain, which can be utilised to improve international security.3 Blockchain has already proved that it can effectively enhance human security. For instance, the World Food Programme has pioneered a blockchain-based humanitarian aid programme to support refugees in Jordan with the use of cryptocurrencies.4 Similarly, the International Committee of the Red Cross has developed a distributed ledger technology (DLT)-based local trading system in Kenya to help fragile communities.5 In 2015 the UN International Children’s Emergency Fund even launched “Unicoin” – its own cryptocurrency – which children from poor families can exchange for goods. Although researchers have been exploring the impact of this technology on multiple fields, the implications of blockchain-based systems for CAC are still under-explored. This paper aims to fill this research gap by demonstrating that blockchain can play a crucial role in enhancing CAC monitoring and verification. It argues that blockchain offers a positive behavioural model and has advantageous practical implications for conventional arms control. The analysis is guided by the following research questions: (1) what psychological impact does blockchain have on confidence building? and (2) how do smart contracts enhance CAC?
Topic:
Infrastructure, Governance, and Blockchain
Political Geography:
Global Focus

3. The Price of Speculation: Cryptocurrencies and Climate Change

Author:
Izaura Solipa and Gerald Epstein
Publication Date:
08-2022
Content Type:
Working Paper
Institution:
Political Economy Research Institute (PERI), University of Massachusetts Amherst
Abstract:
Cryptocurrencies are a form of digital currency whose popularity has rapidly increased over the past decade. What distinguishes them from other electronic currencies is their underlying technology known as the blockchain, a decentralized public ledger in which transactions among the network peers are accurately and securely recorded. The validation and mining process, where new coins are issued, is highly computationally intensive and thus requires vast amounts of energy. The literature estimates energy consumption levels of the cryptocurrency mining to be as high as those of countries such as Angola, Iceland or Cuba, and a corresponding emission of at least 3-15 million tons of CO2. We discuss these estimated impacts of Bitcoin and other cryptocurrencies on both energy levels and the environment, and then outline alternative applications that could promote climate change mitigation. We argue that despite the latter applications and the possible benefits from the technology, particularly in the energy sector, the financial uses of blockchain are creating significant environmental costs without any clear social or economic benefit stemming from this largely speculative activity.
Topic:
Climate Change, Science and Technology, Economy, Cryptocurrencies, Blockchain, Digital Currency, and Speculation
Political Geography:
Global Focus

4. Blockchain Technology in Supply Chains – What are the Opportunities for Sustainable Development?

Author:
Katharina Krings and Jakob Schwab
Publication Date:
01-2021
Content Type:
Working Paper
Institution:
German Institute of Development and Sustainability (IDOS)
Abstract:
While blockchain technology (BT) has gained a great deal of publicity for its use in cryptocurrencies, another area of BT application has emerged away from the public eye, namely supply chains. Due to the increasing fragmentation and globalisation of supply chains in recent years, many products have to pass through countless production steps worldwide (from raw material extraction to the point of sale). Ensuring the quality and sustainability of production in preceding steps is a major challenge for many firms and thus, ultimately, also for the consumer. BT offers potential for achieving significant progress on this front. Put simply, the blockchain makes it possible to verify data decentralised within a network, store it in a tamper-proof and traceable format and make it accessible to all members of a network.
Topic:
Development, Science and Technology, Cryptocurrencies, Sustainability, and Blockchain
Political Geography:
Global Focus

5. International Information Security Threats as Side Effects of Modern Technologies

Author:
Sergey Boiko
Publication Date:
05-2021
Content Type:
Journal Article
Journal:
International Affairs: A Russian Journal of World Politics, Diplomacy and International Relations
Institution:
East View Information Services
Abstract:
INFORMATION and communication technologies (ICTs) provide humankind with unprecedented opportunities. Mass communication technologies, the Internet of Things, artificial intelligence, cloud computing, blockchain, big data, e-government, digital medicine, and cryptocurrencies have become part and parcel of our life. But at the same time, new ICT achievements bring new threats and challenges – primarily to international peace, security and stability, and the sovereignty and territorial integrity of states. The first international warning about those threats came from the Shanghai Cooperation Organization (SCO). It was issued in the Agreement among the Governments of the SCO Member on Cooperation in the Field of Ensuring International Information Security of June 16, 2009.1 The main threats, the agreement says, are the “development and use of information weapons” and the “preparation and waging of information war.”
Topic:
Science and Technology, International Security, Communications, Cybersecurity, Cryptocurrencies, Blockchain, Digital Policy, Internet of Things, and Information Technology
Political Geography:
China and Global Focus

6. The Practice and Potential of Blockchain Technologies for Extractive Sector Governance

Author:
Natural Resource Governance Institute
Publication Date:
09-2020
Content Type:
Special Report
Institution:
Natural Resource Governance Institute
Abstract:
Important questions are being raised about whether blockchain technologies can contribute to solving governance challenges in the mining, oil and gas sectors. This report seeks to begin addressing such questions, with particular reference to current blockchain applications and transparency efforts in the extractive sector. It summarizes analysis by The Governance Lab (GovLab) at the New York University Tandon School of Engineering and the Natural Resource Governance Institute (NRGI). The study focused in particular on three activity areas: licensing and contracting, corporate registers and beneficial ownership, and commodity trading and supply chains.
Topic:
Science and Technology, Governance, Currency, and Blockchain
Political Geography:
Global Focus

7. Potential of Blockchain Technology for Trade Integration of Developing Countries

Author:
Jakob Schwab and Jan Ohnesorge
Publication Date:
01-2019
Content Type:
Policy Brief
Institution:
German Institute of Development and Sustainability (IDOS)
Abstract:
Blockchain technology (BT), famous due to its use in digital currencies, also offers new opportunities in other fields, one of which is trade integration. Developing countries especially could benefit from greater trade integration with BT, as the technology can, for example, remedy deficiencies with regard to financial system access, intellectual property protection and tax administration. BT allows virtually tamper-proof storage of transactions and other data on decentralised computer networks. In fact, it is possible to store not only data, but also entire programmes this securely: Smart contracts enable the automation of private transactions and administrative processes. This article summarises the latest research on the use of BT in trade integration by examining in more detail five key and, in some cases, linked fields of application. The first is trade finance, where BT could deliver direct cost savings for exporters and importers by removing the need for credit-lending intermediaries. Second, tamper-proof storage of information on the origin and composition of goods could enhance supply chain documentation. This makes it possible to more reliably verify compliance with sustainability standards, particularly for globally produced goods. However, for the information in blockchains to be truthful, it must be entered correctly (it is then tamperproof), a process that therefore requires monitoring. Third, BT could deliver improvements in the field of trade facilitation by making it easier for border authorities to access information on goods and thus easing reporting requirements for exporting firms. By reducing dependence on central database operators, BT could help bring about a breakthrough with existing digital technology in the area of trade. Fourth, facilitating access to information on goods could also simplify customs and taxation procedures and make them less vulnerable to corruption and fraud. This goes hand in hand with cost reductions for exporters and better mobilisation of domestic resources for public budgets. Fifth, in the field of digital trade, BT also facilitates management of digital file rights in environments where, for institutional reasons, there is little intellectual property protection. This could help to promote digital industries in developing countries. However, when it comes to using BT in border and customs systems in particular, it is essential to involve the relevant authorities at an early stage. At the same time, it is necessary to promote uniform technical standards for supply chain documentation in order to safeguard interoperability between the different systems across actors and national borders and thus fully leverage the cost advantages. If these guidelines are taken into account, then BT could effectively support sustainable trade integration of developing countries.
Topic:
Science and Technology, Currency, Trade, Integration, and Blockchain
Political Geography:
Germany and Global Focus

8. Blockchain for Humanitarian Aid: Problem or Panacea?

Author:
Christopher Chen
Publication Date:
10-2018
Content Type:
Commentary and Analysis
Institution:
Centre for Non-Traditional Security Studies, S. Rajaratnam School of International Studies
Abstract:
A notable development in the Fourth Industrial Revolution is blockchain technology. Originally created as an alternative means of financial transfer, the technology can be applied to any type of information and asset. Organisations and countries are starting to explore ways of using it in the context of humanitarian aid. Is this a panacea or a problem?
Topic:
Humanitarian Aid, Science and Technology, Blockchain, and Cyberspace
Political Geography:
Global Focus