Leveraging Blockchain Technology for Carbon Credit Management in Thailand
Sarita Trisri, Chetneti Srisa-An, Poonlap Tangasanawit · 2024
The situation of the global warming problem in Thailand is worse than before. Higher daily temperatures and PM2.5 and also new kinds of disease are results of the global warming problem. The Thai government urges many stakeholders to take the problem seriously. The carbon credit is one of the key instruments of emission reduction. Traditional carbon credit systems, however, are often plagued by issues of transparency, accountability, and efficiency. Blockchain is a promising technology that is famous with its transparency environment characteristics. The research aims to underline principles of carbon credit management by implementing blockchain-based solutions. Additionally, we discuss key considerations such as scalability, interoperability, regulatory frameworks, and environmental impact.