Author(s)

Tiantian Dong ¹, Huiwen Yang ², Yuhe Wei ³, Yanbo Wang ⁴, Sizheng Zhu ⁵

Affiliation(s)

¹ College of Science, Shanghai University for Science and Technology, Shanghai, China
² College of Management, Shanghai University for Science and Technology, Shanghai, China
³ School of Optical Information and Computer Engineering, Shanghai University for Science and Technology, Shanghai, China
⁴ College of Mechanical Engineering, Shanghai University for Science and Technology, Shanghai, China
⁵ Public Experiment Center, Shanghai University for Science and Technology, Shanghai, China

Corresponding Author

Sizheng Zhu

ABSTRACT

By exploring the characteristics of blockchain technology and the characteristics of the carbon emission problem, this paper proposes an innovative mechanism of blockchain technology in solving the carbon emission issues. Blockchain technology has the characteristics of decentralization, time-series data, collective maintenance, programmability, openness, independence, security, anonymity, etc. With the help of blockchain technology, under the premise of mutual supervision and constraint of each node through smart contracts, the carbon emission behaviour of steel companies can be regulated and the industrial structure can be optimized through the restriction of "bank loans" and the floating-control of the "tax rate" of the taxation bureau, so as to effectively promote the goal of carbon neutrality in China.

KEYWORDS

Blockchain technology, Carbon emissions, Distributed ledger, Consensus mechanism, Smart contracts, Asymmetric encryption

CITE THIS PAPER

Tiantian Dong, Huiwen Yang, Yuhe Wei, Yanbo Wang, Sizheng Zhu, Innovative Mechanisms in Carbon Emission Issues Based on Blockchain Technology. Industrial Engineering and Innovation Management (2023) Vol. 6: 12-20. DOI: http://dx.doi.org/10.23977/ieim.2023.060303.

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