Carbon credits and environmental impact tracking: the role of blockchain in supporting efficient and secure carbon credit markets

• Autorzy: Yadav Amol Pandurang , Mulik Vinod Prakash , Kasar Mahavir Shantinath , Vitekar Atul Bapuso , Shelke Sheetal V. , Patil Sonal M.

Identyfikatory

DOI

10.12912/27197050/200619

• Języki publikacji: EN

Abstrakty

EN

This research investigated how Blockchain might fix problems in carbon credit markets when it comes to being open, stopping fraud, and tracking things as they happen. It takes a deep dive into current carbon credit systems to find significant issues like counting things twice, not having the same rules for everyone, and slow ways of doing business. The study then checked if spread-out features of blockchain can help. Real-life examples show that blockchain can cut business costs by up to 30% by using smart contracts. It also helps more people join in by checking things right away and letting everyone see how credits move. These changes make carbon credit systems more trustworthy and help countries work together better. However, there are still problems, like making blockchain work for more people, the fact that it uses a lot of energy, and that different industries do not all follow the same rules. To fix these, the blockchains that use less energy and make rules that work worldwide need to be studied. Even with these problems, blockchain can help by making paperwork easier, cutting costs, and holding people responsible. This lets smaller groups join in and makes the market work better. The study pointed out that it is new and important to mix blockchain with things like the Internet of Things and AI to track emissions and check credits better in real time.

Słowa kluczowe

EN

carbon credits; environmental impact tracking; blockchain technology; carbon credit markets; carbon offset programs; sustainable practices; environmental sustainability; carbon emission reduction; blockchain for sustainability; greenhouse gas emission

• Wydawca: Lubelski Oddział Polskiego Towarzystwo Inżynierii Ekologicznej ; Lublin University of Technology ; WNGB Wydawnictwo Naukowe
• Czasopismo: Ecological Engineering & Environmental Technology
• Rocznik: 2025
• Tom: Vol. 26, iss. 4
• Strony: 76--87
• Opis fizyczny: Bibliogr. 11 poz., tab.

Twórcy

autor

Yadav Amol Pandurang

• Department of E&TC, Bharati Vidyapeeth’s College Of Engineering for Women, Pune, SPPU Pune University, India

• https://orcid.org/0000-0003-2228-6743

autor

Mulik Vinod Prakash

• Department of E&TC, Bharati Vidyapeeth’s College Of Engineering for Women, Pune, SPPU Pune University, India

• https://orcid.org/0009-0000-0727-7852

autor

Kasar Mahavir Shantinath

• Department of E&TC, Bharati Vidyapeeth’s College Of Engineering for Women, Pune, SPPU Pune University, India

• https://orcid.org/0000-0001-7712-3162

autor

Vitekar Atul Bapuso

• Department of E&TC, Bharati Vidyapeeth’s College Of Engineering for Women, Pune, SPPU Pune University, India

• https://orcid.org/0009-0009-3790-631X

autor

Shelke Sheetal V.

• Department of E&TC, Bharati Vidyapeeth’s College Of Engineering for Women, Pune, SPPU Pune University, India

• https://orcid.org/0009-0000-0751-6075

autor

Patil Sonal M.

• Department of E&TC, Bharati Vidyapeeth’s College Of Engineering for Women, Pune, SPPU Pune University, India

• https://orcid.org/0009-0004-5734-2674

Bibliografia

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• 3. Howson, P. (2019). Tackling climate change with blockchain. Nature Climate Change, 9(9), 644–645. https://doi.org/10.1038/s41558-019-0567-9
• 4. Khaqqi, K. N., Sikorski, J.J., Hadinoto, K., & Kraft, M. (2018). Incorporating seller/buyer reputation-based system in blockchain-enabled emission trading application. Applied Energy, 209, 8–19. https://doi.org/10.1016/j.apenergy.2017.10.070
• 5. Kollmuss, A., Zink, H., & Polycarp, C. (2008). Making Sense of the Voluntary Carbon Market: A Comparison of Carbon Offset Standards. WWF Germany. Available Online
• 6. Mendling, J., Weber, I., van der Aalst, W., Brocke, J. vom, Cabanillas, C., Daniel, F., ... & Zhu, L. (2018). Blockchains for business process management - Challenges and opportunities. ACM Transactions on Management Information Systems, 9(1), 1–16. https://doi.org/10.1145/3183367
• 7. Nakamoto, S. (2008). Bitcoin: A Peer-to-Peer Electronic Cash System. https://bitcoin.org/bitcoin.pdf
• 8. Saberi, S., Kouhizadeh, M., Sarkis, J., & Shen, L. (2019). Blockchain technology and its relationships to sustainable supply chain management. International Journal of Production Research, 57(7), 2117–2135. https://doi.org/10.1080/00207543.2018.1533261
• 9. Treiblmaier, H. (2019). Combining blockchain technology and the physical internet to achieve triple bottom line sustainability: A comprehensive research agenda for modern logistics and supply chain management. Logistics, 3(1), 10. https://doi.org/10.3390/logistics3010010
• 10. Wang, Y., Han, J. H., & Beynon-Davies, P. (2019). Understanding blockchain technology for future supply chains: A systematic literature review and research agenda. Supply Chain Management: An International Journal, 24(1), 62–84. https://doi.org/10.1108/SCM-03-2018-0148
• 11. Zheng, Z., Xie, S., Dai, H., Chen, X., & Wang, H. (2018). An overview of blockchain technology: Architecture, consensus, and future trends. 2017 IEEE International Congress on Big Data (BigData Congress), 557–564. https://doi.org/10.1109/ BigDataCongress.2017.85