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The green blockchains of Circular Economy

Hatzivasilis, George, Ioannidis Sotirios, Fysarakis Konstantinos, Spanoudakis, George, Papadakis Nikos

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URIhttp://purl.tuc.gr/dl/dias/5EA6FBA0-D7BC-4FAA-806F-CDD917728856-
Identifierhttps://doi.org/10.3390/electronics10162008-
Identifierhttps://www.mdpi.com/2079-9292/10/16/2008/htm-
Languageen-
Extent15 pagesen
TitleThe green blockchains of Circular Economyen
CreatorHatzivasilis, Georgeen
CreatorIoannidis Sotiriosen
CreatorΙωαννιδης Σωτηριοςel
CreatorFysarakis Konstantinosen
CreatorΦυσαρακης Κωνσταντινοςel
CreatorSpanoudakis, Georgeen
CreatorPapadakis Nikosen
PublisherMDPIen
Content SummaryEco-friendly systems are necessitated nowadays, as the global consumption is increasing. A data-driven aspect is prominent, involving the Internet of Things (IoT) as the main enabler of a Circular Economy (CE). Henceforth, IoT equipment records the system’s functionality, with machine learning (ML) optimizing green computing operations. Entities exchange and reuse CE assets. Transparency is vital as the beneficiaries must track the assets’ history. This article proposes a framework where blockchaining administrates the cooperative vision of CE-IoT. For the core operation, the blockchain ledger records the changes in the assets’ states via smart contracts that implement the CE business logic and are lightweight, complying with the IoT requirements. Moreover, a federated learning approach is proposed, where computationally intensive ML tasks are distributed via a second contract type. Thus, “green-miners” devote their resources not only for making money, but also for optimizing operations of real-systems, which results in actual resource savings. en
Type of ItemPeer-Reviewed Journal Publicationen
Type of ItemΔημοσίευση σε Περιοδικό με Κριτέςel
Licensehttp://creativecommons.org/licenses/by/4.0/en
Date of Item2022-10-13-
Date of Publication2021-
SubjectBlockchainen
SubjectFederated learningen
SubjectCircular economyen
SubjectGreen-mineren
SubjectTime-wise offloadingen
SubjectGreen computingen
Bibliographic CitationG. Hatzivasilis, S. Ioannidis, K. Fysarakis, G. Spanoudakis, and N. Papadakis, “The green blockchains of Circular Economy,” Electronics, vol. 10, no. 16, Aug. 2021, doi: 10.3390/electronics10162008.en

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