Enhanced Environmental Monitoring through Blockchain Integration: A Carbon Offset Marketplace Application
Sahil Chaudhari, Prathamesh L. Deo, Aman M. Deshpande, Atharva J. Warokar, Priya Makarand Shelke, Nilesh P. Sable · BENTHAM SCIENCE PUBLISHERS eBooks · 2025
As the global community grapples with the escalating effects of climate change, the need for robust environmental monitoring and sustainable practices has become critical. The proposed research presents an approach for environmental monitoring through the integration of blockchain technology, focusing on the development of a carbon offset marketplace application. Blockchain technology is being used by a creative initiative named “Carbon Offset Marketplace” to establish a decentralized marketplace for the open trading of carbon offsets. The project addresses the critical need for a reliable and secure marketplace to facilitate the exchange of verified carbon offsets to encourage sustainable environmental practices. This report offers a comprehensive examination of the system, addressing its design, implementation, and anticipated outcomes within the broader framework of environmental preservation efforts. The Carbon Offset Marketplace uses the immutable ledger and smart contract characteristics of blockchain technology to revolutionize the carbon offset market. This will encourage the use of a more sensible and efficient technique to offset carbon emissions.