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Blockchain of Carbon Trading for UN Sustainable Development Goals

Author

Listed:
  • Seong-Kyu Kim

    (Department of Information Technology, Sungkyunkwan University, Seoul 03063, Korea)

  • Jun-Ho Huh

    (Department of Data Informatics, Korea Maritime and Ocean University, Busan 49112, Korea)

Abstract

Carbon credits should reduce the environmental pollution and carbon emission of the Earth in the future. The market for carbon credits will become a critical issue from 2021, and carbon credits will be applied to systems where individuals can trade. In order for these carbon credits to be traded between individuals, however, a corresponding exchange of carbon credits is needed. Policies, strategies, and technologies are also necessary to measure the trading of carbon credits. This paper aims at making transactions more reliable by applying blockchain technology to measure carbon emission rights. It uses blockchain to verify carbon emissions rights among the UN-SDGs’ (United Nations Sustainable Development Goals’) 17 tasks. In addition, it introduces the necessary dApp. In fact, we can protect against carbon emissions anomalies by using big data and artificial intelligence in mobile cloud environments. Thus, this paper proposes a blockchain-based carbon emission rights verification system to learn proven data further by using the governance system analysis and blockchain mainnet engine to solve these problems.

Suggested Citation

  • Seong-Kyu Kim & Jun-Ho Huh, 2020. "Blockchain of Carbon Trading for UN Sustainable Development Goals," Sustainability, MDPI, vol. 12(10), pages 1-32, May.
    • Handle: RePEc:gam:jsusta:v:12:y:2020:i:10:p:4021-:d:358019
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    References listed on IDEAS

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    2. Xiwen Fu & Shuxin Wang, 2022. "How to Promote Low-Carbon Cities with Blockchain Technology? A Blockchain-Based Low-Carbon Development Model for Chinese Cities," Sustainability, MDPI, vol. 14(20), pages 1-17, October.
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