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Carbon Trading with Blockchain
May 01, 2020 · Declared Dead · 🏛 IACR Cryptology ePrint Archive
"No code URL or promise found in abstract"
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Authors
Andreas Richardson, Jiahua Xu
arXiv ID
2005.02474
Category
cs.CR: Cryptography & Security
Citations
27
Venue
IACR Cryptology ePrint Archive
Last Checked
3 months ago
Abstract
Blockchain has the potential to accelerate the deployment of emissions trading systems (ETS) worldwide and improve upon the efficiency of existing systems. In this paper, we present a model for a permissioned blockchain implementation based on the successful European Union (EU) ETS and discuss its potential advantages over existing technology. We propose an ETS model that is both backwards compatible and future-proof, characterised by interconnectedness, transparency, tamper-resistance and high liquidity. Further, we identify key challenges to implementation of a blockchain ETS, as well as areas of future work required to enable a fully-decentralised blockchain ETS.
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