The Green Blockchains of Circular Economy
Eco-friendly systems are necessitated nowadays, as the global consumption is increasing. A data-driven aspect is prominent, involving the Internet of Things (IoT) as the main enabler of a Circular Economy (CE). Henceforth, IoT equipment records the system’s functionality, with machine learning (ML)...
| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
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MDPI AG
2021-08-01
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| Series: | Electronics |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2079-9292/10/16/2008 |
| _version_ | 1797524113879728128 |
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| author | George Hatzivasilis Sotiris Ioannidis Konstantinos Fysarakis George Spanoudakis Nikos Papadakis |
| author_facet | George Hatzivasilis Sotiris Ioannidis Konstantinos Fysarakis George Spanoudakis Nikos Papadakis |
| author_sort | George Hatzivasilis |
| collection | DOAJ |
| description | Eco-friendly systems are necessitated nowadays, as the global consumption is increasing. A data-driven aspect is prominent, involving the Internet of Things (IoT) as the main enabler of a Circular Economy (CE). Henceforth, IoT equipment records the system’s functionality, with machine learning (ML) optimizing green computing operations. Entities exchange and reuse CE assets. Transparency is vital as the beneficiaries must track the assets’ history. This article proposes a framework where blockchaining administrates the cooperative vision of CE-IoT. For the core operation, the blockchain ledger records the changes in the assets’ states via smart contracts that implement the CE business logic and are lightweight, complying with the IoT requirements. Moreover, a federated learning approach is proposed, where computationally intensive ML tasks are distributed via a second contract type. Thus, “green-miners” devote their resources not only for making money, but also for optimizing operations of real-systems, which results in actual resource savings. |
| first_indexed | 2024-03-10T08:51:45Z |
| format | Article |
| id | doaj.art-80a0a94a0d3b49d78f5ce926f7f1c4b2 |
| institution | Directory Open Access Journal |
| issn | 2079-9292 |
| language | English |
| last_indexed | 2024-03-10T08:51:45Z |
| publishDate | 2021-08-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Electronics |
| spelling | doaj.art-80a0a94a0d3b49d78f5ce926f7f1c4b22023-11-22T07:25:51ZengMDPI AGElectronics2079-92922021-08-011016200810.3390/electronics10162008The Green Blockchains of Circular EconomyGeorge Hatzivasilis0Sotiris Ioannidis1Konstantinos Fysarakis2George Spanoudakis3Nikos Papadakis4Foundation for Research and Technology-Hellas, 70013 Heraklion, GreeceDepartment of Electrical and Computer Engineering, Technical University of Crete, 73100 Chania, GreeceSphynx Technology Solutions AG, 6300 Zug, SwitzerlandSphynx Technology Solutions AG, 6300 Zug, SwitzerlandDepartment of Electrical and Computer Engineering, Hellenic Mediterranean University (HMU), 71410 Heraklion, GreeceEco-friendly systems are necessitated nowadays, as the global consumption is increasing. A data-driven aspect is prominent, involving the Internet of Things (IoT) as the main enabler of a Circular Economy (CE). Henceforth, IoT equipment records the system’s functionality, with machine learning (ML) optimizing green computing operations. Entities exchange and reuse CE assets. Transparency is vital as the beneficiaries must track the assets’ history. This article proposes a framework where blockchaining administrates the cooperative vision of CE-IoT. For the core operation, the blockchain ledger records the changes in the assets’ states via smart contracts that implement the CE business logic and are lightweight, complying with the IoT requirements. Moreover, a federated learning approach is proposed, where computationally intensive ML tasks are distributed via a second contract type. Thus, “green-miners” devote their resources not only for making money, but also for optimizing operations of real-systems, which results in actual resource savings.https://www.mdpi.com/2079-9292/10/16/2008blockchainfederated learningcircular economygreen-minertime-wise offloadinggreen computing |
| spellingShingle | George Hatzivasilis Sotiris Ioannidis Konstantinos Fysarakis George Spanoudakis Nikos Papadakis The Green Blockchains of Circular Economy Electronics blockchain federated learning circular economy green-miner time-wise offloading green computing |
| title | The Green Blockchains of Circular Economy |
| title_full | The Green Blockchains of Circular Economy |
| title_fullStr | The Green Blockchains of Circular Economy |
| title_full_unstemmed | The Green Blockchains of Circular Economy |
| title_short | The Green Blockchains of Circular Economy |
| title_sort | green blockchains of circular economy |
| topic | blockchain federated learning circular economy green-miner time-wise offloading green computing |
| url | https://www.mdpi.com/2079-9292/10/16/2008 |
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