Abstract

Carbon emissions are categorised as Embodied Carbon (EC) occurring in the production phase and Operational Carbon (OC) occurring in the operational phase of buildings. The current focus on producing zero-carbon buildings, emphasises reducing OC and ignores the importance of reducing EC emissions. This study focuses on EC. Methods available in EC estimating currently produce estimates that often do not complement each other. This makes it important to develop a robust and accurate methodology for estimating EC. Blockchain is an emerging technology that has significant potential for transaction processing in supply chains. The construction industry being the second least digitalised industry, the adoption of innovative technologies is predominantly important. This paper explores the potential application of blockchain for accurate estimation of EC in construction supply chains. A detailed literature review and expert interviews revealed that, compared to traditional information systems, blockchain systems could eliminate issues in EC estimating highlighting its potential credible application for EC estimating. Scalability was identified as a feature that was lacking in a blockchain system, however, for EC estimating, its impact was identified as minimal. It will be difficult to generalise the findings of the study due to interview based qualitative methodology adopted in this study along with the fact that blockchain is an emerging and fairly new technology. However, a similar process could be followed by other studies to compare blockchain with traditional information systems, to evaluate the suitability of blockchain technology to develop prototype systems.

Highlights

  • Blockchain, being an emerging technology that resulted through Industry 4.0, has drawn considerable interest from various start-ups, technology developers, enterprises, national governments, and the academic community [1]

  • The researcher carried out a comparison between a traditional information system and a blockchain system over the pros and cons to decide on the suitability of blockchain to be used for Embodied Carbon (EC)

  • Blockchain was used for recording cryptocurrency transactions

Read more

Summary

Introduction

Blockchain, being an emerging technology that resulted through Industry 4.0, has drawn considerable interest from various start-ups, technology developers, enterprises, national governments, and the academic community [1]. Manglekar and Dinesha [2] identified blockchain as a distributed, decentralised ledger that stores all transactions. It provides a distributed shared database and a computational infrastructure, which prevents the tampering and revision of data [3]. Blockchain performs an autonomous verification through the consensus algorithms to ensure security, prevent false transactions being recorded, and avoid double spending [4]. It was originally designed as a decentralised network for exchanging digital money. Blockchain technology is used for the transfer of digital money, but lately it has been

Objectives
Methods
Results
Conclusion
Full Text
Published version (Free)

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call