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b'Blockchain technology may be used to finance local renewable-energy projects. The technology, which basically acts as an electronic ledger, allows transactions to be carried out between parties without interference by third parties like banks. It creates trust as it assures investors that all recorded transactions are secure because the data are stored in multiple blocks and therefore difficult to manipulate.\\n\\nAnother way the combined approach can build trust is by ensuring that projects are evaluated by a third-party assessor, who then stores the findings in a project assessment database grounded on blockchain technology. The stored data cannot be changed. \\n\\nEconomist Farhad Taghizadeh-Hesary of Waseda University in Tokyo, ADBI Dean Naoyuki Yoshino, and economics graduate student Tim Schlober of the University of Bonn in Germany and Keio University in Tokyo explain the benefits of the financing scheme.\\n\\nRead the transcript\\nhttps://bit.ly/2pVzoDW\\n\\nRead the blog post\\nhttps://www.asiapathways-adbi.org/2018/07/trust-by-design-investment-a-novel-blockchain-based-approach-to-ease-green-energy-investments/\\n\\nAbout the authors\\nFarhad Taghizadeh-Hesary is an economist of Waseda University in Tokyo.\\nNaoyuki Yoshino is dean of the Asian Development Bank Institute.\\nTim Schlober is an economics graduate student of the University of Bonn in Germany and Keio University in Tokyo.\\n\\nKnow more about ADBI\\u2019s work\\nhttps://bit.ly/2Ad0EDv\\nhttps://bit.ly/2EjArY6'