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arXiv · 2403.09937

Blockchain-enabled Circular Economy -- Collaborative Responsibility in Solar Panel Recycling

Mohammad Jabed Morshed Chowdhury·Naveed Ul Hassan·Wayes Tushar·Dustin Niyato·Tapan Saha·H Vincent Poor·Chau Yuen
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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.

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Mohammad Jabed Morshed Chowdhury, Naveed Ul Hassan, Wayes Tushar, Dustin Niyato, Tapan Saha, H Vincent Poor, Chau Yuen. 2024-03-15. Blockchain-enabled Circular Economy -- Collaborative Responsibility in Solar Panel Recycling. https://arxiv.org/abs/2403.09937

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