Table 1.

Blockchain-based carbon trading solutions in industries other than construction

Taxonomy of blockchain applicationsExamples of blockchain-based carbon trading applicationsTarget industriesIndustry-specific benefits
Trading infrastructure and market design
  • Peer-to-peer trading platforms combining target industries and carbon markets (Hua and Sun, 2019; Zhao et al., 2022; Boumaiza and Maher, 2024; Kalaiselvan et al., 2024; Wang and Zhang, 2024; Zhao and Peng, 2024)

  • Cross-chain enabled collaborative market framework (Wang et al., 2022)

  • Automated and incentivised carbon credit acquisition framework (Woo et al., 2020)

  • Blockchain-enabled carbon trading platform with real-time tracking (Yu and Wang, 2023)

  • Biform game model framework combining the noncooperative and cooperative games to explore competitive and cooperative investment strategies (Zhang et al., 2024)

  • Complete trading system structure with a many-to-many “pan-bilateral” trading mechanism (Qian-Qiong et al., 2022)

  • Trading voluntary carbon credit tokens on a blockchain-based exchange with reduced intermediation (Swinkels, 2024)

  • Smart contract-based coalition to share carbon emission quotas with a profit allocation mechanism among the organisations (Huang et al., 2023a)

  • Carbon credit ecosystem enabled by smart contracts and state-of-the-art blockchain technology (Jawalkar et al., 2024)

  • Low-code blockchain platform for carbon credit trading (Pengna et al., 2024)

  • Pricing model of carbon emission allowance in a blockchain-enabled carbon trading platform (Gu, Qu and Zhang et al., 2023)

  • Blockchain-enabled carbon trading platform driven by the CAP-and-Trade mechanism (Patil et al., 2024)

  • Blockchain-enabled dual carbon trading platform for compliance and voluntary carbon markets (Zhao and Luo, 2023)

  • Linkage trading platforms based on mutual recognition (Zhao et al., 2024) and joint trading platforms (Tian et al., 2022) for a target industry and carbon market

Energy sector (Hua and Sun, 2019; Tian et al., 2022; Wang et al., 2022; Huang et al., 2023b; Zhao and Luo, 2023; Boumaiza and Maher, 2024; Zhang et al., 2024; Zhao et al., 2024)
  • Reduced costs compared to traditional carbon trading systems (Hua and Sun, 2019; Tian et al., 2022; Zhao and Luo, 2023)

  • Effective carbon offsets and emission reductions (Hua and Sun, 2019; Wang et al., 2022; Zhao et al., 2024)

  • Improved transaction efficiency (Tian et al., 2022; Zhao and Luo, 2023)

  • Long-term success for organisations through increased profits and market shares (Wang et al., 2022; Huang et al., 2023a)

  • Reasonable distribution of energy resources to promote a low-carbon economy (Boumaiza and Maher, 2024; Zhao et al., 2024)

  • Improved participation of organisations in carbon trading schemes (Zhang et al., 2024)

Marine ecosystem (Zhao et al., 2022)
  • Improved intelligence, efficiency and reduced cost in carbon trading systems (Zhao et al., 2022)

  • Increased attention on the development of marine resources (Zhao et al., 2022)

  • Increased investments in blue carbon sink projects (Zhao et al., 2022)

Urban public transport sector (Yu and Wang, 2023)
  • Enhanced operational efficiency in urban public transport (Yu and Wang, 2023)

  • Reduced operational costs and carbon emissions of the sector (Yu and Wang, 2023)

Agriculture industry (Pengna et al., 2024)
  • Reduced cost and improved efficiency in carbon trading (Pengna et al., 2024)

  • Improved user-friendliness of the systems (Pengna et al., 2024)

Transparent carbon accounting (tracking, monitoring, reporting and verification of data across value chains)
  • Blockchain-supported emission trading scheme driven by “emission link” for carbon emissions tracking (Fu et al., 2018)

  • Blockchain-enabled distributed carbon ledger (Tang and Tang, 2019; Mandaroux, Dong and Li et al., 2021)

  • Blockchain-supported token-based economy for carbon trading (Patel et al., 2020; Ballesteros-Rodríguez et al., 2024)

  • Permissioned blockchain model for emissions trading (Richardson and Xu, 2020)

  • Blockchain applications in carbon trading driven by the Stackelberg differential game model (Sun et al., 2021)

  • Carbon footprint traceability system with distributed traceability (traceability off the chain and verification on the chain) (Ju et al., 2022)

  • Blockchain-driven carbon emissions tracking, recording and validations for carbon credit trading markets (Marchant et al., 2022)

  • Blockchain-driven carbon asset management, including data deposit certification and traceability management (Li, Li and Lili-Li et al., 2021; Dai et al., 2023)

  • Blockchain-based carbon x-change rakyat platform for processing carbon certificate ownership transactions (Putro et al., 2024)

  • Blockchain-driven non-fungible token trading platform (Khanna and Maheshwari, 2024)

  • Blockchain-based carbon metering and settlement system with digital identities (Wen et al., 2024)

  • Blockchain-based carbon credit systems to improve traceability, visibility and accountability of supply chains (Briales and Flinn, 2023)

Energy sector (Ashley and Johnson, 2018; Dai et al., 2023; Wen et al., 2024)
  • Immediate monetisation of carbon credits (Ashley and Johnson, 2018)

  • Reduced cost and improved efficiency in carbon trading (Ashley and Johnson, 2018)

  • Simplified trading environments (Ashley and Johnson, 2018)

  • Improved capabilities in implementing financial incentive programmes for clean energy generation and utilisation (Ashley and Johnson, 2018)

  • Enhanced trust, reliability and consistency in statistical and settlement methods for carbon emissions and energy consumption (Wen et al., 2024)

  • Improved carbon asset management through efficient data management and verifications (Dai et al., 2023)

Fashion apparel manufacturing industry (Fu et al., 2018)
  • Reduced carbon emissions during the entire apparel manufacturing process (Fu et al., 2018)

  • Improved transparency, immutability and automation of carbon trading systems (Fu et al., 2018)

Forestry management (Sun et al., 2021; Briales and Flinn, 2023)
  • Reduced cost and improved efficiency in carbon trading (Sun et al., 2021)

  • Improved motivation among forest farmers for reducing carbon emissions (Sun et al., 2021)

  • Guarantee in responsible timber sourcing through sustainable and legal methods by improved traceability, visibility and accountability of operations (Briales and Flinn, 2023)

Agriculture industry (Khanna and Maheshwari, 2024)
  • Improved efficiency in carbon trading (Khanna and Maheshwari, 2024)

  • Incentivisation of sustainable farming practices (Khanna and Maheshwari, 2024)

  • Additional revenue streams for farmers (Khanna and Maheshwari, 2024)

Autonomous transaction management
  • Blockchain-enabled smart bi-level carbon trading system driven by Stackelberg game theory (Huang et al., 2023b)

  • Blockchain-driven smart carbon trading process optimisation framework (Zhang et al., 2023)

  • Blockchain-enabled automated emission trading system based on emission caps (Lu et al., 2022)

  • Blockchain-based automated system to earn carbon credits based on energy performance (Woo et al., 2020)

  • Blockchain of Things (BoT) for carbon trading (Al Sadawi et al., 2020)

  • Blockchain-based smart supply chain emission reduction model influenced by Stackelberg game theory (Wang and Zhang, 2024)

  • Directed acyclic graph-based blockchain system for carbon trading with collaborative on-chain and off-chain storage (Song et al., 2017)

Energy sector (Huang et al., 2023a; Zhang et al., 2023)
  • Reduced cost and improved efficiency in carbon trading (Huang et al., 2023b; Zhang et al., 2023)

  • Effective carbon offsets and carbon emission reductions (Huang et al., 2023a)

  • Improved motivation for participating in carbon trading (Huang et al., 2023a)

  • Improved privacy of the participants (Huang et al., 2023a; Zhang et al., 2023)

  • High level of automation in carbon trading (Zhang et al., 2023)

Road transportation sector (Lu et al., 2022)
  • Automated carbon emission auditing without third-party involvement (Lu et al., 2022)

  • Improved reliability and transparency in carbon permit trading (Lu et al., 2022)

Manufacturing and retailing sector (Wang and Zhang, 2024)
  • Reduction of carbon emissions throughout the supply chains (Wang and Zhang, 2024)

  • Increased motivation in participating in carbon trading schemes (Wang and Zhang, 2024)

Reputation mechanisms and incentivisation
  • Blockchain-enabled reputation-based emission trading scheme (Khaqqi et al., 2018; Wang et al., 2021)

  • Incentivised peer-to-peer trading framework for carbon trading (Hua et al., 2020; Shokri et al., 2022)

  • Blockchain-enabled distributed emission trading system with Delegated Proof of Reputation consensus mechanism (Hu et al., 2020)

  • Double-blockchain structured trading scheme with reputation-based incentives (Liang et al., 2019)

  • Blockchain-based on-chain carbon trading with integrated reputation scoring driven by Carboncoin tokenisation (Golding et al., 2022)

  • Blockchain-driven tracking, recording and validations for carbon credit trading with concept dissemination (Zhou et al., 2023)

  • Blockchain-based carbon trading system with optimised profit distribution for incentivisation (Li et al., 2024)

  • Blockchain-enabled dual on-chain/off-chain trusted carbon trading system driven with a reputation mechanism (Wang and Zhang, 2024)

Energy sector (Hua et al., 2020; Li et al., 2024)
  • Optimised behaviours of the prosumers in the energy sector in achieving energy balance and reducing carbon emissions (Hua et al., 2020)

  • Increased motivation in participating in carbon trading schemes (Hua et al., 2020)

  • Effective carbon offsets and carbon emission reductions (Hua et al., 2020)

  • Equitable distribution of profits among the participants (Li et al., 2024)

  • Improvements in low-carbon energy management (Li et al., 2024)

  • Reliable and efficient energy distribution (Li et al., 2024)

  • Increased incentives for transferring to clean energy systems (Li et al., 2024)

  • Improved speed of convergence among participants (Li et al., 2024)

Security and privacy
  • Secure carbon emission trading system driven by blockchain-based digital asset transactions (Yang et al., 2024)

  • Mixed-integer non-linear programme for peer-to-peer carbon trading with improved privacy and traceability (Kazi and Hasan, 2024)

  • Unified global carbon emission trading system with improved cross-border data security (M. Su et al., 2024)

  • Blockchain-enabled secure carbon trading through optimised price forecasting (Yang et al., 2024)

  • Blockchain-based carbon metering and settlement system with digital identities (Wen et al., 2024)

  • Secure carbon trading and auditing driven by blockchain and the Internet of Things (Huo et al., 2024)

  • Semi-centralised blockchain solution for secure and transparent carbon trading (Jain et al., 2024)

Energy sector (Huang et al., 2023b; Wen et al., 2024)
  • Ability to optimise the security of the carbon trading systems through transparent and distributed ledgers (Wen et al., 2024)

  • Improved privacy of the participants (Huang et al., 2023b)

  • Development of anonymous and secure market platforms for carbon trading (Huang et al., 2023b)

  • Increased motivation in participating in carbon trading schemes (Huang et al., 2023b)

Integration and governance of policies
  • Blockchain-based system for verification of the United Nations Sustainable Development Goals’ carbon emission rights (Kim and Huh, 2020)

  • Blockchain-enabled policy framework for emission trading for upstream, midstream and downstream entities (Li et al., 2021)

  • Blockchain-based carbon trading system to acquire trading reference information in resource-based cities (Zhang et al., 2022)

  • Institutional risk control framework for blockchain-based carbon trading (Zhao and Chan, 2020)

  • Improved carbon regulation schemes with a benchmarking mechanism influenced by blockchain solutions (Wang et al., 2023)

  • Blockchain-based carbon trading for the simulation of the evolution law (Dong et al., 2024)

  • Blockchain-based dynamic incentive contract model for governments (Sun et al., 2023)

  • Regulation of greenwashing in carbon trading through blockchain solutions (Xu et al., 2025)

  • Automated business compliance detection tool for smart contracts in carbon trading (Wu et al., 2024)

  • Blockchain-enabled unified carbon trading framework for regulatory authorities, consumers and producers of a target industry (Wang et al., 2025)

  • Intelligent integrated energy control system for financing capitalised carbon quota using blockchain solutions (Zhijun et al., 2023)

  • Collaborative blockchain model for carbon trading with market synergy mechanism and cross-chain technology (Zhang et al., 2023)

Energy sector (Wu et al., 2024; Wang et al., 2025)
  • Establishment of effective, secure and compliant carbon trading schemes (Wu et al., 2024)

  • Increased pollution control and enhanced social welfare (Wang et al., 2025)

  • Facilitation of government regulations (Wang et al., 2025)

  • Increased data transparency (Wang et al., 2025)

  • Improved standardisations in carbon trading schemes (Wang et al., 2025)

Road transport sector (Li et al., 2021)
  • Reduced administrative costs (Li et al., 2021)

  • Disintermediation of central authorities for carbon trading (Li et al., 2021)

  • Eradication of fraud and double counting (Li et al., 2021)

  • Improved efficiency in emission abatement (Li et al., 2021)

  • Improved traceability and transparency in carbon trading schemes (Li et al., 2021)

Urban planning (Zhang et al., 2022)
  • Reduced carbon emission intensity of urban areas (Zhang et al., 2022)

  • Increased availability of comprehensive trading reference information (Zhang et al., 2022)

  • Accelerated development of resource-based cities (Zhang et al., 2022)

Manufacturing sector (Wang et al., 2023; Xu et al., 2025)
  • Improved motivation among manufacturers for carbon emission reduction (Wang et al., 2023)

  • Increased support for decision-making (Wang et al., 2023)

  • Effective carbon offsets and carbon emission reductions (Wang et al., 2023)

  • Improved social welfare by regulating greenwashing in carbon trading (Xu et al., 2025)

Port operations sector (Sun et al., 2023)
  • Optimised support for the government to regulate the market price of carbon trading (Sun et al., 2023)

  • Increased vision for the government to decide the incentives provided for emission reductions under carbon trading policies (Sun et al., 2023)

Cleantech sector (Zhang et al., 2023; Zhijun et al., 2023)
  • Improved policy support for organisations to reduce carbon emissions (Zhijun et al., 2023)

  • Increased flexibility to be promoted across the country (Zhijun et al., 2023)

  • Increased availability of financial channels for carbon trading (Zhijun et al., 2023)

  • Enhanced effectiveness in distributing market resources (Zhang et al., 2023)

Source(s): Authors’ own work

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