Application of Blockchain in Carbon Trading. (February 2019)

• Record Type: Journal Article
• Authors: Pan, Yuting; Zhang, Xiaosong; Wang, Yi; Yan, Junhui; Zhou, Shuonv; Li, Guanghua; Bao, Jiexiong
• Is Part Of: Energy procedia. Volume 158(2019)
• Page Start: 4286
• Page End: 4291
• Publication Date: 2019-02
• Subjects: Blockchain -- Carbon trading -- Decentralization -- Emission reduction; Power resources -- Congresses; Power resources -- Periodicals; Power resources; Conference proceedings; Periodicals; 333.7905
• DOI: 10.1016/j.egypro.2019.01.509
• Languages: English
• ISSNs: 1876-6102

Abstract

Abstract: This paper introduces the similarity between the mechanism of carbon trading and blockchain, then it elaborates on the application of blockchain in carbon trading. In corporate carbon trading, blockchain technology can record and transfer information flow reliably, realize point-to-point transactions between suppliers and demanders to achieve "decentralization", help to reduce the entry threshold for the carbon trading market. At the same time, an analysis of social environment for blockchain-based carbon trading on person is made. Finally, the paper confirms the value of "blockchain + carbon trading" and looks forward to the future.