Meta-requirement MR2: Smart contracts
Blockchain technology must enforce smart contracts to streamline processes and sustainability requirements across the platform.
Source paper
This meta-requirement is proposed by Meta-requirements for the Design of a Blockchain-enabled Multi-sided Platform for Sustainability and Circular Economy (Hanna Buyssens, Stijn Viaene, 2024).
Related meta-requirements
- Meta-requirement MR1: Provenance and traceability - The paper states that smart contracts "equally can facilitate increased traceability and provenance (MR1), enabling stakeholders to track and verify product origins and a product's sustainable attributes."
- Meta-requirement MR3: Tokenization - The paper states that, within the carbon-credit example, "tokens are integrated, oftentimes using smart contracts (MR2), enabling the provision of rewards to actors who adhere to predefined emission agreements."
- Meta-requirement MR5: Data and information sharing - The paper states that blockchain's encryption and decentralization "can overcome these issues by enabling the automatic sharing of tamper-proof, quality data to relevant parties (e.g., smart contracts - MR2)."
- Meta-requirement MR6: Resource efficiency - The paper states that "efficiencies of these integrations can be automated through mechanisms such as smart contracts (MR2) and tokenization (MR3) by ensuring more streamlining of the transactions, thereby requiring fewer intermediaries and resources to monitor sustainable behavior."