Paper Key : IRJ************015
Author: Dipti Panchal,Nikhil Khade,Arshin Mokashi
Date Published: 09 Nov 2024
Abstract
This paper addresses carbon emission management through integrated Web 3.0 and blockchain technologies. The exact statement of the research problem is to find a platform that offers transparency, security, and decentralization in monitoring and controlling carbon production while providing incentives to companies for environmental sustainability. The objectives are to present a decentralized solution whereby the DAO controls allowances for companies, enforces their use with the aid of blockchain, and offers token-based rewards for participation in green activities. The major conclusion derived is how the blockchain increases levels of transparency and security, enabling all forms of transactions or carbon trading activities to be traced in real time. It also initiated a point-based reward system for companies, affiliated with planting trees and cleaning rivers, which in turn encourages these companies to reduce their carbon emissions further. The internal carbon auction mechanism encourages responsible use of carbon without the meddling of the DAO directly. This decentralized platform hence offers an effective solution for carbon management by unifying emerging technologies to goals related to the environment, building a green corporate environment
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