Biomass blockchain as a factor of energetical sustainability development

Emilia Krajnakova (), Mantas Švažas () and Valentinas Navickas ()
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Emilia Krajnakova: Alexander Dubček University of Trenčín, Slovakia
Mantas Švažas: Kaunas University of Technology, Lithuania
Valentinas Navickas: Kaunas University of Technology, Lithuania

Entrepreneurship and Sustainability Issues, 2019, vol. 6, issue 3, 1456-1467

Abstract: As the conjuncture of the energetic system in countries or different regions changes, renewable energy sources play a significant role. Thanks to them, it is possible to move from pollute fossil fuels to sustainable use of clean resources. It is widely acknowledged that the use of biomass waste promotes better environmental state and sustainable development because the waste that cannot be recycled is used for energy production. This article describes the usage of blockchain technology-based biomass systems that not only allows tracing the emergence of biomass, but also contributes to the development of sustainable energy. The research shows that a biomass blockchain enables simplification of biomass production process, thus saving resources and contributing to the expansion of forests and the development of common energy system.

Keywords: blockchain; biomass clusters; sustainability; biomass trading systems (search for similar items in EconPapers)
JEL-codes: O13 P34 Q56 (search for similar items in EconPapers)
Date: 2019
References: View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:ssi:jouesi:v:6:y:2019:i:3:p:1456-1467

DOI: 10.9770/jesi.2019.6.3(28)

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