The Blockchain Technology Conundrum: Quis Custodiet Ipsos Custodes?

This paper considers how current voluntary policies, such as eco-labelling schemes could be affected by increased and immutable transparencies embedded in their business models as a result of blockchain transactions. The paper investigates the synergetic overlap between ecolabels and the uptake of blockchain technology (BCT). Furthermore, it points to current ecolabels' inefficiencies and discusses both the technology's potential for improvements of ecolabels' effectiveness, ecolabels' purpose on the market as well as BCT's readiness for its wide-spread adoption. The paper also presents numerous blockchain use cases with relevance to the enhanced purpose of eco-labelling schemes.