1. Blockchain-enabled Circular Economy -- Collaborative Responsibility in Solar Panel Recycling
- Author
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Chowdhury, Mohammad Jabed Morshed, Hassan, Naveed Ul, Tushar, Wayes, Niyato, Dustin, Saha, Tapan, Poor, H Vincent, and Yuen, Chau
- Subjects
Computer Science - Emerging Technologies - Abstract
The adoption of renewable energy resources, such as solar power, is on the rise. However, the excessive installation and lack of recycling facilities pose environmental risks. This paper suggests a circular economy approach to address the issue. By implementing blockchain technology, the end-of-life (EOL) of solar panels can be tracked, and responsibilities can be assigned to relevant stakeholders. The degradation of panels can be monetized by tracking users' energy-related activities, and these funds can be used for future recycling. A new coin, the recycling coin (RC-Coin), incentivizes solar panel recycling and utilizes decentralized finance to stabilize the coin price and supply issue., Comment: Accepted in IEEE Industrial Electronics Magazine
- Published
- 2024