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February 16, 2024Ā· Advances in finance, accounting, and economics book series
book-chapter

The Nexus of Smart Contracts and Digital Twins Transforming Green Finance With Automated Transactions in Investment Agreements

Authors:K. Balaji *

Abstract

In recent years, the integration of digital twins and smart contracts has become a revolutionary force in the field of green finance. The purpose of this chapter is to examine how smart contracts and digital twins are interwoven, particularly in relation to how they have significant influence in the field of green finance. It looks into the way these innovations work together to transform agreements regarding investments by making automated transactions possible and maximising effectiveness and transparency. This investigation demonstrates how working together can simplify complicated financing processes and increase responsibility and dependability for sustainable investment projects. The chapter demonstrates the real-world use of digital twins and smart contracts via case studies and theoretical insights, highlighting their revolutionary influence on changing the face of green finance.

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