Blockchain-Based Smart Contracts for Sustainable Power Investments

Abstract

Proposed is a communication system, integrating a distributed ledger with ambient intelligence and a data fusion scheme. It introduces a clear distinction between the financial profitability of investment projects and their contribution to environmental sustainability while ensuring performance measurability and flexibility for both aspects of project management as well as the possibility to trade emission certificates. Two key benefits of the system are the possibility to implement a reliable and straightforward methodology for the evaluation of investments, both ongoing and planned, and the potential to connect the emissions trading scheme with pollution control in the real time. Moreover, the system brings about stability where the revisions of governmental subsidy policies tend to move the break-even costs significantly, thus incentivising for innovative or small-scale projects.