Toward a Sustainable Circular Economy Powered by Community-Based Incentive Systems

Dapp, Marcus M.

doi:10.1007/978-3-319-99058-3_6

Cited by 17 publications

(9 citation statements)

References 8 publications

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“…Awareness Rise. According to [46] it can be stated that as all national tourism organisations, destination management organisations, local community, and tourists are essential levers in the transition to a sustainable future, it will be crucial to raise global awareness around sustainable tourism issues and increasing individuals' willingness to contribute to sustainable tourism development. In this case, blockchain may deliver transparent information regarding emissions, benchmarks, food supply chains, and tourists' choices.…”

Section: Disintermediation Of Tourism Operations and Boosting Of Locamentioning

confidence: 99%

Blockchain Technology’s Potential for Sustainable Tourism

Tyan

Yagüe

Plaza

2021

Information and Communication Technologies in Tourism 2021

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Achieving sustainable tourism is a process that focuses on numerous goals and faces many challenges. The advent of disruptive technology like blockchain could help to tackle some challenges in sustainable tourism development and address its goals. This conceptual paper aims to discuss how blockchain technology could contribute to sustainable tourism. Precisely, the authors investigate the potential benefits of blockchain technology to disrupt tourism operations and boost local economy, manage food supply chain and mitigate food waste, achieve tourists’ satisfaction, affect the tourists’ sustainable behaviour, and address awareness rise issues. The authors conclude that blockchain technology has a potential to contribute to sustainable tourism development as well as the SDGs and propose the directions for future research.

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Section: Disintermediation Of Tourism Operations and Boosting Of Locamentioning

confidence: 99%

Blockchain Technology’s Potential for Sustainable Tourism

Tyan

Yagüe

Plaza

2021

Information and Communication Technologies in Tourism 2021

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“…Next to crypto currencies (money) for payments, other reward tokens could be issued for reputation or nonmonetary performance metrics, e.g. environmental impacts [93]. Such new crypto-economic life cycle incentives could unlock further business cases.…”

Section: Crypto Economic Life-cycle Incentives For Servitizationmentioning

confidence: 99%

Digital Building Twins and Blockchain for Performance-Based (Smart) Contracts

Hunhevicz

Motie

Hall

2021

Blockchain and the Digital Twin

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Performance contracts used for servitized business models enable consideration of overall life-cycle costs rather than just production costs. However, practical implementation of performance contracts has been limited due to challenges with performance evaluation, accountability, and financial concepts. As a solution, this paper proposes the connection of the digital building twin with blockchain-based smart contracts to execute performance-based digital payments. First, we conceptualize a technical architecture to connect blockchain to digital building twins. The digital building twin stores and evaluates performance data in real-time while the blockchain ensures transparency and trusted execution of automatic performance evaluation and rewards through smart contracts. Next, we demonstrate the feasibility of both the concept and technical architecture by integrating the Ethereum blockchain with digital building models and sensors via the Siemens building twin platform. The resulting prototype is the first full-stack implementation of a performance-based smart contract in the built environment.

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“…Banks, venture capital groups, private equity foundations, and others in the financial domain are exhibiting increasing enthusiasm for such opportunities, driven by the potential for financial returns related with less exposure to linearity risks, lower resource dependency, as well as the ability to comply with the stakeholders' expectancies [52][53][54]. The study in [55] proposes the use of blockchains and cryptocurrencies as a modern mean to retain sustainability by empowering the creation of community-based incentive systems on a variety of platforms. Such platforms are gradually connected and build new "token economies", with tokens circulating within and between them.…”

Section: Related Work-ce Studies Trends and Applicationsmentioning

confidence: 99%

The Green Blockchains of Circular Economy

Hatzivasilis

Ioannidis

Fysarakis³

et al. 2021

Electronics

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Eco-friendly systems are necessitated nowadays, as the global consumption is increasing. A data-driven aspect is prominent, involving the Internet of Things (IoT) as the main enabler of a Circular Economy (CE). Henceforth, IoT equipment records the system’s functionality, with machine learning (ML) optimizing green computing operations. Entities exchange and reuse CE assets. Transparency is vital as the beneficiaries must track the assets’ history. This article proposes a framework where blockchaining administrates the cooperative vision of CE-IoT. For the core operation, the blockchain ledger records the changes in the assets’ states via smart contracts that implement the CE business logic and are lightweight, complying with the IoT requirements. Moreover, a federated learning approach is proposed, where computationally intensive ML tasks are distributed via a second contract type. Thus, “green-miners” devote their resources not only for making money, but also for optimizing operations of real-systems, which results in actual resource savings.

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Toward a Sustainable Circular Economy Powered by Community-Based Incentive Systems

Cited by 17 publications

References 8 publications

Blockchain Technology’s Potential for Sustainable Tourism

Blockchain Technology’s Potential for Sustainable Tourism

Digital Building Twins and Blockchain for Performance-Based (Smart) Contracts

The Green Blockchains of Circular Economy

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