TY - GEN
T1 - Blockchain-enabled esg reporting framework for sustainable supply chain
AU - Liu, Xinlai
AU - Wu, Haoye
AU - Wu, Wei
AU - Fu, Yelin
AU - Huang, George Q.
N1 - Acknowledgement:
This work should thank Mr. Kai Kan and Dr. David Leung for the valuable suggestions.
Publisher Copyright:
© The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd 2021.
PY - 2021/9
Y1 - 2021/9
N2 - Nowadays sustainability has received global attention in supply chain. To evaluate the sustainability level, environmental, social, and governance (ESG) reporting is widely adopted especially for the listed companies. However, due to the lack of data authentication, consistency, and transparency, the ESG-based sustainability evaluation is still inadequate. To address those challenges, this paper proposes a blockchain-based ESG reporting framework for facilitating the sustainability evaluation of listed company. Firstly, a fact-telling blockchain gateway is designed to facilitate the raw data authentication issues. It plays the role of light node to transfer the data of smart infrastructure/devices to the blockchain network, which satisfies both privacy and transparency. Secondly, a versioning smart contract mechanism is developed to verify the consistency between the raw data and the final ESG report. Thirdly, a token-based sustainability evaluation mechanism is used to evaluate the behaviors of listed company in the sustainable supply chain. The discussion analyzes the benefits and potential obstacles of utilizing the proposed framework in the ESG reporting preparation, generation, and publication. The results of this study contribute a reliable approach to facilitate the sustainability-level evaluation of listed company.
AB - Nowadays sustainability has received global attention in supply chain. To evaluate the sustainability level, environmental, social, and governance (ESG) reporting is widely adopted especially for the listed companies. However, due to the lack of data authentication, consistency, and transparency, the ESG-based sustainability evaluation is still inadequate. To address those challenges, this paper proposes a blockchain-based ESG reporting framework for facilitating the sustainability evaluation of listed company. Firstly, a fact-telling blockchain gateway is designed to facilitate the raw data authentication issues. It plays the role of light node to transfer the data of smart infrastructure/devices to the blockchain network, which satisfies both privacy and transparency. Secondly, a versioning smart contract mechanism is developed to verify the consistency between the raw data and the final ESG report. Thirdly, a token-based sustainability evaluation mechanism is used to evaluate the behaviors of listed company in the sustainable supply chain. The discussion analyzes the benefits and potential obstacles of utilizing the proposed framework in the ESG reporting preparation, generation, and publication. The results of this study contribute a reliable approach to facilitate the sustainability-level evaluation of listed company.
KW - Blockchain
KW - ESG reporting
KW - Sustainable supply chain
KW - Token-based evaluation mechanism
KW - Versioning smart contract
UR - http://www.scopus.com/inward/record.url?scp=85091509723&partnerID=8YFLogxK
U2 - 10.1007/978-981-15-8131-1_36
DO - 10.1007/978-981-15-8131-1_36
M3 - Conference article published in proceeding or book
AN - SCOPUS:85091509723
SN - 9789811581304
T3 - Smart Innovation, Systems and Technologies
SP - 403
EP - 413
BT - Sustainable Design and Manufacturing 2020 - Proceedings of the 7th International Conference on Sustainable Design and Manufacturing, KES-SDM 2020
A2 - Scholz, Steffen G.
A2 - Howlett, Robert J.
A2 - Howlett, Robert J.
A2 - Setchi, Rossi
PB - Springer Science and Business Media Deutschland GmbH
T2 - 7th KES International Conference on Sustainable Design and Manufacturing, KES-SDM 2020
Y2 - 9 September 2020 through 11 September 2020
ER -