Blockchain-based Smart Contracts in Waste Management
From the article: Blockchain technology may have the potential to fundamentally change society and we might currently witness the dawn of a cryptographically secured trust-free transactions economy. One relatively unexplored application domain is waste management. Incorrect waste management practices may lead to illegal pollution or enable fraudulent transactions. Using a design science approach, we formulate problem areas and evaluate the applicableness of using a blockchain solution to mitigate the problems identified. Our results indicate that it is important that the organization and its infrastructure is prepared for the use of blockchain. There are several conditional challenges that must be overcome to realize blockchain technology’s full potential. Further research is needed in order to grasp a full understanding about the situations in which blockchain technology is beneficial or not.
|Key words||Blockchain, Smart contracts, Waste management|