English

Carbon Trading with Blockchain

Cryptography and Security 2020-10-05 v1
Authors: Andreas Richardson , Jiahua Xu
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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.

Keywords

blockchain blockchain and cryptocurrency digital signature

Cite

@article{arxiv.2005.02474,
  title  = {Carbon Trading with Blockchain},
  author = {Andreas Richardson and Jiahua Xu},
  journal= {arXiv preprint arXiv:2005.02474},
  year   = {2020}
}

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