Integrating blockchain technology into the MRV processes of carbon trading schemes can significantly enhance data integrity and regulatory compliance. Blockchain’s decentralized and immutable ledger ensures that emissions data is securely recorded and transparently accessible, reducing the risk of data manipulation and errors. This approach facilitates real-time tracking of emissions, streamlines reporting procedures, and automates verification through smart contracts, thereby increasing efficiency and reducing administrative costs. The study “Cooperative Management of an Emission Trading System: A Private Blockchain Application” explores the implementation of a blockchain-based ETS system. It highlights how blockchain can improve supervision and the auction process within carbon markets, addressing challenges such as data transparency and security. By incorporating cryptographic algorithms and learning behaviors, the proposed system enhances the efficiency and reliability of emissions trading.

https://jfin-swufe.springeropen.com/articles/10.1186/s40854-023-00547-6