Design and implementation on Hyperledger-based Emission Trading System

Yuan, Pu, Xiong, Xiong, Lei, Lei, and Zheng, Kan (2019) Design and implementation on Hyperledger-based Emission Trading System. IEEE Access, 7. pp. 6109-6116.

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Abstract

Emission trading policy provides a new approach using economic incentives to control the environmental pollution efficiently. Legal polluters can trade emission permits with each other through a trusted trading system that lacks security and credibility due to its centralization nowadays. Permissioned blockchain utilize a decentralized way to store private data immutably, providing new approaches to solve those defects of the existing centralized systems. In this paper, we propose a Hyperledger-based Emission Trading System (HyperETS) on the permissioned blockchain. Using Hyperledger Fabric as the implementation platform, HyperETS integrates the fine-grained access control, distributed ledger, and consensus protocol, aiming to provide credible trading service for polluters. We achieve the business logic by designing the particular ledger structures and smart contract in blockchain. HyperETS stores all transactions immutably in a chain and makes it easy to share the data between organizations. Finally, several experiments are conducted to evaluate the performances of the proposed demonstration system.

Item ID: 57103
Item Type: Article (Research - C1)
ISSN: 2169-3536
Keywords: emission trading, permissioned blockchain, smart contract, hyperledger fabric
Copyright Information: © 2018 IEEE. Personal use of this material is permitted. Permission from IEEE must be obtained for all other uses, in any current or future media, including reprinting/republishing this material for advertising or promotional purposes, creating new collective works, for resale or redistribution to servers or lists, or reuse of any copyrighted component of this work in other works.
Date Deposited: 13 Feb 2019 07:50
FoR Codes: 10 TECHNOLOGY > 1005 Communications Technologies > 100510 Wireless Communications @ 100%
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