Abstract
Industry 4.0 has ushered in a new era of connectivity and communication within various industries. Motivated by the United Nation’s Sustainable Development Goals (SDGs) of achieving net zero emissions by 2050, long-term energy sustainability plans encourage decentralized/distributed technologies such as blockchain to take center stage, alongside Internet of Things (IoT) devices, smart sensors, and smart contracts. Blockchain is posited to be impactful in decarbonizing various industries as it is an immutable, secure, and transparent ledger that incentivizes industrial adoption through reduced costs and increased efficiency. Therefore, in this book chapter, we will delve into the motivation of blockchain applications in the following industries: 1) energy markets, 2) chemical and manufacturing industries, and 3) carbon trading markets. Various case studies and current blockchain practices in each respective industry will also be reviewed and we will discuss the potential of blockchain towards decarbonization.
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Bin, C., Yang, W., Wang, X. (2022). Blockchain for Decarbonization. In: Inderwildi, O., Kraft, M. (eds) Intelligent Decarbonisation. Lecture Notes in Energy, vol 86. Springer, Cham. https://doi.org/10.1007/978-3-030-86215-2_7
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