THE RISE OF GREEN FINTECH: IMPLEMENTING SMART CONTRACT AND SUSTAINABLE FINANCIAL SERVICES WITH AI AND IOT

Abstract

The union of sustainability and financial technology (FinTech) has promoted green fintech, which turns out to be an innovative field covering modern technologies to address challenges in environment with financial solutions. This study is based on systematic review of evolution of green fintech based on transformative roles of “Internet of Things (IoT), Artificial Intelligence (AI) and smart contracts to develop sustainable services.  With an in-depth insight of case studies and recent studies, this study examines how ESG assessments can be improved by AI, enabling sustainable strategies and promoting sustainable lending practices.  This study investigates the applications of AI in supply chain transparency, monitoring in environment and integrating smart grid, focusing on sustainable finance. This study explores implementing smart contracts for sustainability, along with their potential in carbon credit training, green bonds, and renewable energy sectors. This study addresses major challenges ahead of green fintech, such as, privacy issues, data quality, and regulatory issues, proposing future research directions. It is found that integrating smart contracts, AI and IOT in green fintech can promote the shift towards sustainable economy by embedding environmental concerns into financial decision-making at every level. This study contributes to the rising literature on sustainable finance, offering knowledge for policymakers, practitioners, and researchers. It requires multifaceted approach to deal with socio-economic, regulatory, and technological challenges, making a way for more advanced and sustainable financial environment.