The National Law Review reports the value of global ESG assets is estimated to exceed $53 trillion by 2025 and recognizes the emerging significance of blockchain technologies in ESG reporting and especially in tracking ESG data across supply chains:
"... due to the lack of data authentication, consistency, and transparency, the ESG-based sustainability evaluation is still inadequate. As the importance of ESG metrics increases, so does the demand for reliable data measuring them. With no industry-wide set of standards, however, they can be difficult to come by and the lack of verified and standardized ESG data can be a significant problem. To solve and overcome this problem, blockchain, and distributed ledger technology, in general, has the potential to provide a safe and transparent tool to overcome this obstacle."