14th September 2022 Digital Bytes

Welcome to this week’s Digital Bytes. This week we have analysis on the following topics:

How blockchain technology can support corporate ESG credentials - due to its tamper-resistant nature, blockchain fits as an assurance of accuracy and transparency of data. This decentralised database of records is designed to facilitate raw data authentication problems. The technology acts as a light node to transfer the data of smart infrastructure or devices to the blockchain network, thus offering greater transparency whilst maintaining privacy of data. As mandatory corporate and sustainability reporting becomes more common, accurate and verified documentation to support transparency becomes essential. Therefore, to comply with ESG standards, blockchain technology could prove to be a valuable tool.

Challenges of losing your digital assets - digital assets are valuable but need to be handled carefully. In many cases, once lost, they cannot be recovered or replaced (unlike other assets, such as if…