Potential application of blockchain technology in eco-industrial park development

Abstract

The concept of an eco-industrial park (EIP) that promotes resource sharing, reutilization of waste, and exchange of materials among industries and communities brings significant benefits in terms of environmental, social, and economic aspects. EIP can be accomplished with the aid of blockchain technology to manage data and integration complexity and problem dimensionality. This work proposes the application of blockchain technology in combination with other Industry 4.0 (IR4.0) technologies as enablers for EIP development. We review the international frameworks for EIP and the IR4.0 principles and applications focusing on blockchain technology to evaluate the suitability of blockchain technology integration into the green industrial park concept. An illustrative model of a blockchain-based EIP data management platform has been proposed in this work as a starting point for exploring the full potential of this technology for future EIP applications.