A blockchain and internet of things-based information infrastructure for the Chinese automotive sector carbon-credit market
Abstract In 2021, 12 fraudulent cases were identified in the Chinese carbon market. As a critical component of this emerging market, China’s carbon-credit scheme in the automotive sector faces several shortcomings, including informational opacity and operational inefficiency, which affect market fun...
Saved in:
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
SpringerOpen
2025-01-01
|
| Series: | Financial Innovation |
| Subjects: | |
| Online Access: | https://doi.org/10.1186/s40854-024-00737-w |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1841544356719230976 |
|---|---|
| author | Yanchu Liu Yu Zhang Duosi Zheng |
| author_facet | Yanchu Liu Yu Zhang Duosi Zheng |
| author_sort | Yanchu Liu |
| collection | DOAJ |
| description | Abstract In 2021, 12 fraudulent cases were identified in the Chinese carbon market. As a critical component of this emerging market, China’s carbon-credit scheme in the automotive sector faces several shortcomings, including informational opacity and operational inefficiency, which affect market functionality and fairness. This study develops an information system that integrates blockchain technology and the Internet of Things to manage a carbon-credit scheme. Specifically, we attached carbon credits to each vehicle with radio frequency identification electronic tags and a chained data structure to ensure the traceability and reliability of information flow. We use the distributed ledger technology and establish five distinct types of smart contracts for decentralized operations to ensure that all procedures of the Chinese carbon-credit scheme are standardized and under public scrutiny. The proposed infrastructure has the potential to significantly enhance the transparency and efficiency of China’s carbon-credit schemes. |
| format | Article |
| id | doaj-art-55be54e2510a4670b6dd1b43ba14845a |
| institution | Kabale University |
| issn | 2199-4730 |
| language | English |
| publishDate | 2025-01-01 |
| publisher | SpringerOpen |
| record_format | Article |
| series | Financial Innovation |
| spelling | doaj-art-55be54e2510a4670b6dd1b43ba14845a2025-01-12T12:36:19ZengSpringerOpenFinancial Innovation2199-47302025-01-0111114310.1186/s40854-024-00737-wA blockchain and internet of things-based information infrastructure for the Chinese automotive sector carbon-credit marketYanchu Liu0Yu Zhang1Duosi Zheng2Lingnan College, Sun Yat-Sen UniversityLingnan College, Sun Yat-Sen UniversityBusiness School, Southern University of Science and TechnologyAbstract In 2021, 12 fraudulent cases were identified in the Chinese carbon market. As a critical component of this emerging market, China’s carbon-credit scheme in the automotive sector faces several shortcomings, including informational opacity and operational inefficiency, which affect market functionality and fairness. This study develops an information system that integrates blockchain technology and the Internet of Things to manage a carbon-credit scheme. Specifically, we attached carbon credits to each vehicle with radio frequency identification electronic tags and a chained data structure to ensure the traceability and reliability of information flow. We use the distributed ledger technology and establish five distinct types of smart contracts for decentralized operations to ensure that all procedures of the Chinese carbon-credit scheme are standardized and under public scrutiny. The proposed infrastructure has the potential to significantly enhance the transparency and efficiency of China’s carbon-credit schemes.https://doi.org/10.1186/s40854-024-00737-wCarbon creditBlockchainInternet of thingsInformation system |
| spellingShingle | Yanchu Liu Yu Zhang Duosi Zheng A blockchain and internet of things-based information infrastructure for the Chinese automotive sector carbon-credit market Financial Innovation Carbon credit Blockchain Internet of things Information system |
| title | A blockchain and internet of things-based information infrastructure for the Chinese automotive sector carbon-credit market |
| title_full | A blockchain and internet of things-based information infrastructure for the Chinese automotive sector carbon-credit market |
| title_fullStr | A blockchain and internet of things-based information infrastructure for the Chinese automotive sector carbon-credit market |
| title_full_unstemmed | A blockchain and internet of things-based information infrastructure for the Chinese automotive sector carbon-credit market |
| title_short | A blockchain and internet of things-based information infrastructure for the Chinese automotive sector carbon-credit market |
| title_sort | blockchain and internet of things based information infrastructure for the chinese automotive sector carbon credit market |
| topic | Carbon credit Blockchain Internet of things Information system |
| url | https://doi.org/10.1186/s40854-024-00737-w |
| work_keys_str_mv | AT yanchuliu ablockchainandinternetofthingsbasedinformationinfrastructureforthechineseautomotivesectorcarboncreditmarket AT yuzhang ablockchainandinternetofthingsbasedinformationinfrastructureforthechineseautomotivesectorcarboncreditmarket AT duosizheng ablockchainandinternetofthingsbasedinformationinfrastructureforthechineseautomotivesectorcarboncreditmarket AT yanchuliu blockchainandinternetofthingsbasedinformationinfrastructureforthechineseautomotivesectorcarboncreditmarket AT yuzhang blockchainandinternetofthingsbasedinformationinfrastructureforthechineseautomotivesectorcarboncreditmarket AT duosizheng blockchainandinternetofthingsbasedinformationinfrastructureforthechineseautomotivesectorcarboncreditmarket |