Building a Sustainable Business Model Through the Integration of Blockchain and Green Technologies

Abstract

In the light of frequent requests from the business sector, blockchain technology and green innovations are integrated into sustainable business models to improve transparency, efficiency, and environment responsibility. This paper presents GreenChain, a blockchain based decentralized framework which helps businesses in attaining sustainability by carbon credit tokenization, peer to peer (P2P) renewable energy trading, and smart green impact analytics powered by artificial intelligence. According to the proposed system, sustainable transactions are accomplished through smart contracts, which guarantee a safe hand and trust reduction of mediators and eliminate the risks of green washing. Incorporating Internet of Things (IoT) based energy monitoring of actual time carbon emissions to be able to earn and trade blockchain verified carbon credits, the framework is integrated. Additionally, it allows tokenized investments to fund green projects in a decentralized finance (DeFi) mechanism. The feasibility of low cost, high security transactions is also discussed in terms of analysis of performance, which render it into a viable alternative of conventional means of sustainability tracking mechanism. This paper discusses its research on the use of blockchain towards carbon footprint, energy efficiency and circular economy. The results suggest that both the GreenChain model strengthens accountability and facilitates ESG compliance, which avers the industry’s transition towards a sustainable future. Eutopia will concentrate on making adoption of the ADU widely scalable, complying to regulatory standards, and introducing it in smart cities and industrial ecosystems.