ESCWA is undertaking a project on the role of blockchain, as an emerging digital technology, in accelerating progress on sustainable energy development within the Arab region. As part of this project, ESCWA is organizing an expert group meeting to highlight promising case studies, identify key barriers and discuss pathways to adoption within the region. These insights will be integrated into a report to be published in 2023.
Blockchain technology can help to harness the region's vast natural resources and accelerate the integration of renewable energy while increasing access to affordable, reliable and modern energy services. Innovative ways to finance projects, manage electricity grids, process payments and manage data are being developed, trialled and implemented globally. These innovative solutions for the energy sector can be studied and applied in the Arab region.