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Enabling End-To-End Digital Carbon Emission Tracing With Shielded NFTs

Title data

Babel, Matthias ; Gramlich, Vincent ; Körner, Marc-Fabian ; Sedlmeir, Johannes ; Strüker, Jens ; Zwede, Till:
Enabling End-To-End Digital Carbon Emission Tracing With Shielded NFTs.
2022
Event: 11th DACH+ Conference on Energy Informatics , 15.-16. Sept. 2022 , Freiburg im Breisgau.
(Conference item: Conference , Paper )
DOI: https://doi.org/10.1186/s42162-022-00199-3

Project information

Project title:
Project's official titleProject's id
Projektgruppe WI BLockchain-LaborNo information
Projektgruppe WI Nachhaltiges Energiemanagement & MobilitätNo information

Abstract in another language

In the course of the energy transition, there is a urgent need for decreasing
overall carbon emissions. Against this background, the purposeful and verifiable
tracing of emissions in the energy system is a crucial key element for promoting
the deep decarbonization towards a net zero emission economy with a
market-based approach. Such an effective tracing system requires end-to-end
information flows that link carbon sources and sinks while keeping end
consumers’ and businesses’ sensitive data confidential. In this paper, we illustrate
how non-fungible tokens (NFTs) with fractional ownership can help to enable
such a system, and how zero-knowledge proofs can address the related privacy
issues associated with the fine-granular recording of stakeholders’ emission data.
Thus, we contribute to designing a carbon emission tracing system that satisfies
verifiability, distinguishability, fractional ownership, and privacy requirements. We
implement a proof-of-concept for our approach and discuss its advantages
compared to alternative centralized or decentralized architectures that have been
proposed in the past. Based on a technical, data privacy, and economic analysis,
we conclude that our approach is a more suitable technical backbone for such a
system than previously suggested solutions while our approach is the first that
enables an end-to-end digital carbon emission tracing.

Further data

Item Type: Conference item (Paper)
Refereed: Yes
Keywords: Blockchain; Certificate; Decarbonization; Distributed Ledger Technology; Electric Vehicle; Guarantee of Origin; Personal Carbon Tracing; Privacy; Non-Fungible Token; Sustainability; Zero-Knowledge Proof
Institutions of the University: Faculties > Faculty of Law, Business and Economics > Department of Business Administration
Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Professor Information Systems and Digital Energy Management
Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Professor Information Systems and Digital Energy Management > Professor Information Systems and Digital Energy Management - Univ.-Prof. Dr. Jens Strüker
Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Chair Business Administration XVII - Information Systems and Value-Based Business Process Management
Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Chair Business Administration XVII - Information Systems and Value-Based Business Process Management > Chair Information Systems and Value-Based Business Process Management - Univ.-Prof. Dr. Maximilian Röglinger
Research Institutions
Research Institutions > Affiliated Institutes
Research Institutions > Affiliated Institutes > Fraunhofer Project Group Business and Information Systems Engineering
Research Institutions > Affiliated Institutes > FIM Research Center Finance & Information Management
Faculties
Faculties > Faculty of Law, Business and Economics
Result of work at the UBT: Yes
DDC Subjects: 000 Computer Science, information, general works > 004 Computer science
300 Social sciences > 330 Economics
Date Deposited: 23 Jun 2022 07:56
Last Modified: 22 Sep 2022 06:10
URI: https://eref.uni-bayreuth.de/id/eprint/70137