A Smart Contract Architecture Framework for Successful Industrial Symbiosis Applications Using Blockchain Technology

Abstract

Industrial Symbiosis (IS) involves a network of organizations that exchange energy, materials, and by-products to lower production costs, reduce environmental impact, and conserve natural resources. Despite over two decades of extensive research into IS, its benefits are well known, but implementation remains challenging. This paper proposes utilizing blockchain technology (BCT) to digitize IS, making it more secure and transparent. First, drivers and barriers of BCT implementation in IS are identified. A smart contract architecture framework using Hyperledger Fabric is then proposed using the constructed theoretical background and abductive method. Finally, the paper discusses how this framework supports the implementation of BCT in IS by addressing its drivers and attempting to overcome its barriers. It is a resource for those seeking a comprehensive grasp of the foundational elements necessary for constructing a successful IS blockchain design, which is adaptable to all types of IS network configurations.