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Biomass blockchain as a factor of energetical sustainability development

Author

Listed:
  • Emilia Krajnakova

    (Alexander Dubček University of Trenčín, Slovakia)

  • Mantas Svazas

    (Kaunas University of Technology, Lithuania)

  • Valentinas Navickas

    (Kaunas University of Technology, Lithuania)

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.

Suggested Citation

  • Emilia Krajnakova & Mantas Svazas & Valentinas Navickas, 2019. "Biomass blockchain as a factor of energetical sustainability development," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 6(3), pages 1456-1467, March.
    • Handle: RePEc:ssi:jouesi:v:6:y:2019:i:3:p:1456-1467
    DOI: 10.9770/jesi.2019.6.3(28)
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    Cited by:

    1. Tadas Limba & Andrejus Novikovas & Andrius Stankevičius & Antanas Andrulevičius & Manuela Tvaronavičienė, 2020. "Big Data Manifestation in Municipal Waste Management and Cryptocurrency Sectors: Positive and Negative Implementation Factors," Sustainability, MDPI, vol. 12(7), pages 1-14, April.
    2. Thomas Puschmann & Christian Hugo Hoffmann & Valentyn Khmarskyi, 2020. "How Green FinTech Can Alleviate the Impact of Climate Change—The Case of Switzerland," Sustainability, MDPI, vol. 12(24), pages 1-30, December.

    More about this item

    Keywords

    blockchain; biomass clusters; sustainability; biomass trading systems;
    All these keywords.

    JEL classification:

    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • P34 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - Finance
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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