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Harnessing Blockchain and IoT for Carbon Credit Exchange to Achieve Pollution Reduction Goals

Year: 2024

Type: article

Abstract: The trinity of global warming, climate change, and air pollution casts an ominous shadow over society and the environment. At the heart of these threats lie carbon emissions, whose reduction has become paramount. Blockchain technology and the internet of things (IoT) emerge as innovative tools for establishing an efficient carbon credit exchange. This paper presents a blockchain and IoT-centric platform for carbon credit exchange, paving the way for transparent, secure, and effective trading. IoT devices play a pivotal role in monitoring and verifying carbon emissions, safeguarding the integrity and accountability of the trading process. Blockchain technology, with its decentralized and immutable nature, empowers the platform with transparency, reduced fraud, and enhanced accountability. This platform aims to arm organizations and individuals with the ability to actively curb carbon emissions, fostering collective efforts towards global pollution reduction goals.

Source: Energies

DOI: 10.3390/en17194811

Authors: Ameni Boumaiza, Kenza Maher

Institution: Hamad bin Khalifa University

Language: English

Topic: Blockchain Technology Applications and Security

Subfield: Information Systems

Field: Computer Science

Domain: Physical Sciences

SDGs: Climate action, Responsible consumption and production, Industry, innovation and infrastructure

Open Access status: gold

Estimated APC paid: $2,955