Meta-requirement MR3: Tokenization
Blockchain technology must facilitate the creation of sustainability tokens to incentivize sustainable behavior.
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 "the tokenization process can facilitate the verification of provenance (MR1) of physical objects, thereby allowing users to examine the historical transactions associated with the asset."
- Meta-requirement MR2: Smart contracts - 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 MR4: Data integrity, transparency, and immutability - The paper states that tokenization allows users to examine historical transactions, "enhancing transparency and traceability (MR 4)"; reciprocally, the MR4 discussion states that "the integrity and immutability of the data generate more trust regarding sustainable behavior through, for example, certifications and tokenization (MR3)."
- 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."