Research Article
Decentralized Energy Trading and Carbon Credit Management: Leveraging Solana Blockchain for Smart Contracts
@INPROCEEDINGS{10.4108/eai.28-4-2025.2357822, author={M. S. Minu and Kaviya Senthil Kumar and Vedha Varshini T and Mary Keerthana and Muthaiah Vijay M}, title={Decentralized Energy Trading and Carbon Credit Management: Leveraging Solana Blockchain for Smart Contracts}, proceedings={Proceedings of the 4th International Conference on Information Technology, Civil Innovation, Science, and Management, ICITSM 2025, 28-29 April 2025, Tiruchengode, Tamil Nadu, India, Part I}, publisher={EAI}, proceedings_a={ICITSM PART I}, year={2025}, month={10}, keywords={blockchain carbon credit decentralized distributed ledger system solana nfts incentivize}, doi={10.4108/eai.28-4-2025.2357822} }- M. S. Minu
Kaviya Senthil Kumar
Vedha Varshini T
Mary Keerthana
Muthaiah Vijay M
Year: 2025
Decentralized Energy Trading and Carbon Credit Management: Leveraging Solana Blockchain for Smart Contracts
ICITSM PART I
EAI
DOI: 10.4108/eai.28-4-2025.2357822
Abstract
Increasing greenhouse gas emissions has raised the concern of climatic change and a global crisis. This study inspects the innovation in building smart contracts using blockchain technology in a decentralized nature. By trading energy digitally, focusing on the transaction prices within carbon credit markets incentivize the buyers. Introducing this significantly decreases energy consumption. Engages with the distributed ledger system in energy trading and carries out financial transactions in the carbon credit management system. The creation of carbon credits is to eliminate the emission of greenhouse gases and additionally allow tradeability. By using solana as a platform carbon credits are tokenized as NFTs or solana tokens. This proposal permits individuals, business organizations and industries to invest in a cleaner nature. While this solution holds immense potential, several fundamental challenges, including additionality, fraud, and inconsistent standards must be tackled.
