Blockchain-enabled Circular Economy -- Collaborative Responsibility in Solar Panel Recycling
Fuente:
arXiv
Saved in:
| Main Authors: | , , , , , , |
|---|---|
| Format: | Preprint |
| Published: |
2024
|
| Subjects: | |
| Online Access: | |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1866909137810489344 |
|---|---|
| author | Chowdhury, Mohammad Jabed Morshed Hassan, Naveed Ul Tushar, Wayes Niyato, Dustin Saha, Tapan Poor, H Vincent Yuen, Chau |
| author_facet | Chowdhury, Mohammad Jabed Morshed Hassan, Naveed Ul Tushar, Wayes Niyato, Dustin Saha, Tapan Poor, H Vincent Yuen, Chau |
| contents | The adoption of renewable energy resources, such as solar power, is on the rise. However, the excessive installation and lack of recycling facilities pose environmental risks. This paper suggests a circular economy approach to address the issue. By implementing blockchain technology, the end-of-life (EOL) of solar panels can be tracked, and responsibilities can be assigned to relevant stakeholders. The degradation of panels can be monetized by tracking users' energy-related activities, and these funds can be used for future recycling. A new coin, the recycling coin (RC-Coin), incentivizes solar panel recycling and utilizes decentralized finance to stabilize the coin price and supply issue. |
| format | Preprint |
| id |
arxiv_https___arxiv_org_abs_2403_09937 |
| institution | arXiv |
| publishDate | 2024 |
| record_format | arxiv |
| spellingShingle | Blockchain-enabled Circular Economy -- Collaborative Responsibility in Solar Panel Recycling Chowdhury, Mohammad Jabed Morshed Hassan, Naveed Ul Tushar, Wayes Niyato, Dustin Saha, Tapan Poor, H Vincent Yuen, Chau Emerging Technologies The adoption of renewable energy resources, such as solar power, is on the rise. However, the excessive installation and lack of recycling facilities pose environmental risks. This paper suggests a circular economy approach to address the issue. By implementing blockchain technology, the end-of-life (EOL) of solar panels can be tracked, and responsibilities can be assigned to relevant stakeholders. The degradation of panels can be monetized by tracking users' energy-related activities, and these funds can be used for future recycling. A new coin, the recycling coin (RC-Coin), incentivizes solar panel recycling and utilizes decentralized finance to stabilize the coin price and supply issue. |
| title | Blockchain-enabled Circular Economy -- Collaborative Responsibility in Solar Panel Recycling |
| topic | Emerging Technologies |
| url | https://arxiv.org/abs/2403.09937 |