Blockchain-based carbon trading solutions in industries other than construction
| Taxonomy of blockchain applications | Examples of blockchain-based carbon trading applications | Target industries | Industry-specific benefits |
|---|---|---|---|
| Trading infrastructure and market design |
| 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) |
|
| Marine ecosystem (Zhao et al., 2022) |
| ||
| Urban public transport sector (Yu and Wang, 2023) |
| ||
| Agriculture industry (Pengna et al., 2024) |
| ||
| Transparent carbon accounting (tracking, monitoring, reporting and verification of data across value chains) |
| Energy sector (Ashley and Johnson, 2018; Dai et al., 2023; Wen et al., 2024) |
|
| Fashion apparel manufacturing industry (Fu et al., 2018) |
| ||
| Forestry management (Sun et al., 2021; Briales and Flinn, 2023) |
| ||
| Agriculture industry (Khanna and Maheshwari, 2024) |
| ||
| Autonomous transaction management |
| Energy sector (Huang et al., 2023a; Zhang et al., 2023) |
|
| Road transportation sector (Lu et al., 2022) |
| ||
| Manufacturing and retailing sector (Wang and Zhang, 2024) |
| ||
| Reputation mechanisms and incentivisation |
| Energy sector (Hua et al., 2020; Li et al., 2024) |
|
| Security and privacy |
| Energy sector (Huang et al., 2023b; Wen et al., 2024) |
|
| Integration and governance of policies |
| Energy sector (Wu et al., 2024; Wang et al., 2025) |
|
| Road transport sector (Li et al., 2021) |
| ||
| Urban planning (Zhang et al., 2022) |
| ||
| Manufacturing sector (Wang et al., 2023; Xu et al., 2025) |
| ||
| Port operations sector (Sun et al., 2023) |
| ||
| Cleantech sector (Zhang et al., 2023; Zhijun et al., 2023) |
|
| Taxonomy of blockchain applications | Examples of blockchain-based carbon trading applications | Target industries | Industry-specific benefits |
|---|---|---|---|
| Trading infrastructure and market design | Peer-to-peer trading platforms combining target industries and carbon markets ( Cross-chain enabled collaborative market framework ( Automated and incentivised carbon credit acquisition framework ( Blockchain-enabled carbon trading platform with real-time tracking ( Biform game model framework combining the noncooperative and cooperative games to explore competitive and cooperative investment strategies ( Complete trading system structure with a many-to-many “pan-bilateral” trading mechanism ( Trading voluntary carbon credit tokens on a blockchain-based exchange with reduced intermediation ( Smart contract-based coalition to share carbon emission quotas with a profit allocation mechanism among the organisations ( Carbon credit ecosystem enabled by smart contracts and state-of-the-art blockchain technology ( Low-code blockchain platform for carbon credit trading ( Pricing model of carbon emission allowance in a blockchain-enabled carbon trading platform (Gu, Qu and Blockchain-enabled carbon trading platform driven by the CAP-and-Trade mechanism ( Blockchain-enabled dual carbon trading platform for compliance and voluntary carbon markets ( Linkage trading platforms based on mutual recognition ( | Energy sector ( | Reduced costs compared to traditional carbon trading systems ( Effective carbon offsets and emission reductions ( Improved transaction efficiency ( Long-term success for organisations through increased profits and market shares ( Reasonable distribution of energy resources to promote a low-carbon economy ( Improved participation of organisations in carbon trading schemes ( |
| Marine ecosystem ( | Improved intelligence, efficiency and reduced cost in carbon trading systems ( Increased attention on the development of marine resources ( Increased investments in blue carbon sink projects ( | ||
| Urban public transport sector ( | Enhanced operational efficiency in urban public transport ( Reduced operational costs and carbon emissions of the sector ( | ||
| Agriculture industry ( | Reduced cost and improved efficiency in carbon trading ( Improved user-friendliness of the systems ( | ||
| 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 ( Blockchain-enabled distributed carbon ledger ( Blockchain-supported token-based economy for carbon trading ( Permissioned blockchain model for emissions trading ( Blockchain applications in carbon trading driven by the Stackelberg differential game model ( Carbon footprint traceability system with distributed traceability (traceability off the chain and verification on the chain) ( Blockchain-driven carbon emissions tracking, recording and validations for carbon credit trading markets ( Blockchain-driven carbon asset management, including data deposit certification and traceability management (Li, Li and Lili- Blockchain-based carbon x-change rakyat platform for processing carbon certificate ownership transactions ( Blockchain-driven non-fungible token trading platform ( Blockchain-based carbon metering and settlement system with digital identities ( Blockchain-based carbon credit systems to improve traceability, visibility and accountability of supply chains ( | Energy sector ( | Immediate monetisation of carbon credits ( Reduced cost and improved efficiency in carbon trading ( Simplified trading environments ( Improved capabilities in implementing financial incentive programmes for clean energy generation and utilisation ( Enhanced trust, reliability and consistency in statistical and settlement methods for carbon emissions and energy consumption ( Improved carbon asset management through efficient data management and verifications ( |
| Fashion apparel manufacturing industry ( | Reduced carbon emissions during the entire apparel manufacturing process ( Improved transparency, immutability and automation of carbon trading systems ( | ||
| Forestry management ( | Reduced cost and improved efficiency in carbon trading ( Improved motivation among forest farmers for reducing carbon emissions ( Guarantee in responsible timber sourcing through sustainable and legal methods by improved traceability, visibility and accountability of operations ( | ||
| Agriculture industry ( | Improved efficiency in carbon trading ( Incentivisation of sustainable farming practices ( Additional revenue streams for farmers ( | ||
| Autonomous transaction management | Blockchain-enabled smart bi-level carbon trading system driven by Stackelberg game theory ( Blockchain-driven smart carbon trading process optimisation framework ( Blockchain-enabled automated emission trading system based on emission caps ( Blockchain-based automated system to earn carbon credits based on energy performance ( Blockchain of Things (BoT) for carbon trading ( Blockchain-based smart supply chain emission reduction model influenced by Stackelberg game theory ( Directed acyclic graph-based blockchain system for carbon trading with collaborative on-chain and off-chain storage ( | Energy sector ( | Reduced cost and improved efficiency in carbon trading ( Effective carbon offsets and carbon emission reductions ( Improved motivation for participating in carbon trading ( Improved privacy of the participants ( High level of automation in carbon trading ( |
| Road transportation sector ( | Automated carbon emission auditing without third-party involvement ( Improved reliability and transparency in carbon permit trading ( | ||
| Manufacturing and retailing sector ( | Reduction of carbon emissions throughout the supply chains ( Increased motivation in participating in carbon trading schemes ( | ||
| Reputation mechanisms and incentivisation | Blockchain-enabled reputation-based emission trading scheme ( Incentivised peer-to-peer trading framework for carbon trading ( Blockchain-enabled distributed emission trading system with Delegated Proof of Reputation consensus mechanism ( Double-blockchain structured trading scheme with reputation-based incentives ( Blockchain-based on-chain carbon trading with integrated reputation scoring driven by Carboncoin tokenisation ( Blockchain-driven tracking, recording and validations for carbon credit trading with concept dissemination ( Blockchain-based carbon trading system with optimised profit distribution for incentivisation ( Blockchain-enabled dual on-chain/off-chain trusted carbon trading system driven with a reputation mechanism ( | Energy sector ( | Optimised behaviours of the prosumers in the energy sector in achieving energy balance and reducing carbon emissions ( Increased motivation in participating in carbon trading schemes ( Effective carbon offsets and carbon emission reductions ( Equitable distribution of profits among the participants ( Improvements in low-carbon energy management ( Reliable and efficient energy distribution ( Increased incentives for transferring to clean energy systems ( Improved speed of convergence among participants ( |
| Security and privacy | Secure carbon emission trading system driven by blockchain-based digital asset transactions ( Mixed-integer non-linear programme for peer-to-peer carbon trading with improved privacy and traceability ( Unified global carbon emission trading system with improved cross-border data security (M. Su Blockchain-enabled secure carbon trading through optimised price forecasting ( Blockchain-based carbon metering and settlement system with digital identities ( Secure carbon trading and auditing driven by blockchain and the Internet of Things ( Semi-centralised blockchain solution for secure and transparent carbon trading ( | Energy sector ( | Ability to optimise the security of the carbon trading systems through transparent and distributed ledgers ( Improved privacy of the participants ( Development of anonymous and secure market platforms for carbon trading ( Increased motivation in participating in carbon trading schemes ( |
| Integration and governance of policies | Blockchain-based system for verification of the United Nations Sustainable Development Goals’ carbon emission rights ( Blockchain-enabled policy framework for emission trading for upstream, midstream and downstream entities ( Blockchain-based carbon trading system to acquire trading reference information in resource-based cities ( Institutional risk control framework for blockchain-based carbon trading ( Improved carbon regulation schemes with a benchmarking mechanism influenced by blockchain solutions ( Blockchain-based carbon trading for the simulation of the evolution law ( Blockchain-based dynamic incentive contract model for governments ( Regulation of greenwashing in carbon trading through blockchain solutions ( Automated business compliance detection tool for smart contracts in carbon trading ( Blockchain-enabled unified carbon trading framework for regulatory authorities, consumers and producers of a target industry ( Intelligent integrated energy control system for financing capitalised carbon quota using blockchain solutions ( Collaborative blockchain model for carbon trading with market synergy mechanism and cross-chain technology ( | Energy sector ( | Establishment of effective, secure and compliant carbon trading schemes ( Increased pollution control and enhanced social welfare ( Facilitation of government regulations ( Increased data transparency ( Improved standardisations in carbon trading schemes ( |
| Road transport sector ( | Reduced administrative costs ( Disintermediation of central authorities for carbon trading ( Eradication of fraud and double counting ( Improved efficiency in emission abatement ( Improved traceability and transparency in carbon trading schemes ( | ||
| Urban planning ( | Reduced carbon emission intensity of urban areas ( Increased availability of comprehensive trading reference information ( Accelerated development of resource-based cities ( | ||
| Manufacturing sector ( | Improved motivation among manufacturers for carbon emission reduction ( Increased support for decision-making ( Effective carbon offsets and carbon emission reductions ( Improved social welfare by regulating greenwashing in carbon trading ( | ||
| Port operations sector ( | Optimised support for the government to regulate the market price of carbon trading ( Increased vision for the government to decide the incentives provided for emission reductions under carbon trading policies ( | ||
| Cleantech sector ( | Improved policy support for organisations to reduce carbon emissions ( Increased flexibility to be promoted across the country ( Increased availability of financial channels for carbon trading ( Enhanced effectiveness in distributing market resources ( |