Potential Application of Blockchain Technology in Eco-Industrial Park Development

Siti Nor Azreen Ahmad Termizi, Sharifah Rafidah Wan Alwi (), Zainuddin Abd Manan and Petar Sabev Varbanov
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Siti Nor Azreen Ahmad Termizi: Process Systems Engineering Centre (PROSPECT), Research Institute for Sustainable Environment (RISE), Faculty of Chemical and Energy Engineering, Universiti Teknologi Malaysia, UTM, Johor Bahru 81310, Johor, Malaysia
Sharifah Rafidah Wan Alwi: Process Systems Engineering Centre (PROSPECT), Research Institute for Sustainable Environment (RISE), Faculty of Chemical and Energy Engineering, Universiti Teknologi Malaysia, UTM, Johor Bahru 81310, Johor, Malaysia
Zainuddin Abd Manan: Process Systems Engineering Centre (PROSPECT), Research Institute for Sustainable Environment (RISE), Faculty of Chemical and Energy Engineering, Universiti Teknologi Malaysia, UTM, Johor Bahru 81310, Johor, Malaysia
Petar Sabev Varbanov: Sustainable Process Integration Laboratory-SPIL, NETME Centre, Faculty of Mechanical Engineering, Brno University of Technology, 61669 Brno, Czech Republic

Sustainability, 2022, vol. 15, issue 1, 1-15

Abstract: The concept of an eco-industrial park (EIP) that promotes resource sharing, reutilization of waste, and exchange of materials among industries and communities brings significant benefits in terms of environmental, social, and economic aspects. EIP can be accomplished with the aid of blockchain technology to manage data and integration complexity and problem dimensionality. This work proposes the application of blockchain technology in combination with other Industry 4.0 (IR4.0) technologies as enablers for EIP development. We review the international frameworks for EIP and the IR4.0 principles and applications focusing on blockchain technology to evaluate the suitability of blockchain technology integration into the green industrial park concept. An illustrative model of a blockchain-based EIP data management platform has been proposed in this work as a starting point for exploring the full potential of this technology for future EIP applications.

Keywords: blockchain; Industry 4.0; eco-industrial park; industrial symbiosis; data management (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2022
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