Design and Implementation on Hyperledger-Based Emission Trading System

Abstract

Emission trading policy provides a new approach using economic incentives to control the environmental pollution efficiently. Legal polluters can trade emission permits with each other through a trusted trading system that lacks security and credibility due to its centralization nowadays. Permissioned blockchain utilize a decentralized way to store private data immutably, providing new approaches to solve those defects of the existing centralized systems. In this paper, we propose a Hyperledger-based Emission Trading System (HyperETS) on the permissioned blockchain. Using Hyperledger Fabric as the implementation platform, HyperETS integrates the fine-grained access control, distributed ledger, and consensus protocol, aiming to provide credible trading service for polluters. We achieve the business logic by designing the particular ledger structures and smart contract in blockchain. HyperETS stores all transactions immutably in a chain and makes it easy to share the data between organizations. Finally, several experiments are conducted to evaluate the performances of the proposed demonstration system.