How to Promote Low-Carbon Cities with Blockchain Technology? A Blockchain-Based Low-Carbon Development Model for Chinese Cities

Abstract

Cities are the important spaces, responsible entities and action units for achieving low-carbon and high-quality economy. Blockchain technology provides a new solution for low-carbon development in cities. Based on low-carbon information sharing, low-carbon incentives, low-carbon regulations with blockchain technology, this paper endeavors to propose a low-carbon development model for Chinese cities. The results indicate that: (1) blockchain-based governments, enterprises, city dwellers, and third-party service agencies are important stakeholders in promoting urban low-carbon development; (2) the effectiveness of the blockchain platform needs the coordination between the production and consumption systems, the equal emphasis on systemicity and long-term effectiveness, and the deep integration of government regulations and market mechanism; (3) blockchain-based information sharing instruments, incentive instruments, and regulation instruments should be applied to low-carbon development in cities; (4) blockchain technology promotes low-carbon development for cities in both direct ways and indirect ways. This study can provide a reference for the urban sustainable development in China and other countries.