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Library/Papers/Design Principles for Blockchain-based Applications in Green Bond Reporting

Research paper

Design Principles for Blockchain-based Applications in Green Bond Reporting

The paper derives six design principles for blockchain-based green bond reporting that reflect the most relevant blockchain concepts and today's green bond process, helping organizations make informed design decisions to strengthen the credibility of sustainable capital markets.

PaperOpen source resource ↗
OverviewDSR gridDesign knowledgePaper design mapPublication metadata

01

Overview

Publication metadata and narrative from the current library record.

Authors
Ameera Darwish, Juho Lindman
Year
2023
Venue
HICSS 56 (2023)
Methodology
Design science research; ten expert interviews and blockchain literature; artificial evaluation and demonstration.
blockchaindesign-science-researchfinance-bondsgreen-bond-reporting-dpgreen-bondsreportingsustainability

Design Principles for Blockchain-based Applications in Green Bond Reporting

Authors: Ameera Darwish, Juho Lindman
Venue: HICSS 56 (2023)
Link: https://hdl.handle.net/10125/103254 (opens in a new tab)

Summary

The paper derives six design principles for blockchain-based green bond reporting that reflect the most relevant blockchain concepts and today's green bond process, helping organizations make informed design decisions to strengthen the credibility of sustainable capital markets.

Artifact

Design principles for blockchain-based applications supporting green bond reporting.

Methodology

Design science research; ten expert interviews and blockchain literature; artificial evaluation and demonstration.

Citations

[1] Ameera Darwish, Juho Lindman. Design Principles for Blockchain-based Applications in Green Bond Reporting. HICSS 56 (2023). https://hdl.handle.net/10125/103254 (opens in a new tab) [2] Source document: Design Principles for Blockchain-based Applications in Green Bond.pdf

02

DSR grid

Six dimensions represented in the current paper record.

01

Problem description

The credibility of emerging sustainable capital markets depends on the trustworthiness of the data used to report the green impact of projects financed by green bonds.

02

Input knowledge

Blockchain literature on consensus, smart contracts, incentives and roles; the green-bond reporting process and domain; expert interviews.

03

Research process

Design science research: ten expert interviews plus blockchain literature, with an artificial evaluation and demonstration of the principles.

04

Key concepts

Blockchain, green bond reporting, design science, sustainable finance.

05

Solution description

Design principles for blockchain-based green-bond reporting (consortium chain, PoA consensus, smart-contract validation, reputation incentives, off-chain decisions, role-based privileges). Solution-space representation: Design principles (nascent design theory) with artificial evaluation and demonstration.

06

Output knowledge

Six design principles for blockchain-based green-bond reporting.

03

Design knowledge

Directly linked concepts, grouped by their represented design-knowledge category.

Design Principle

Design Principle6
Design Principle
design-knowledge/green-bond-reporting-dp-dp1

DP1 - Consortium blockchain

Use a consortium blockchain, since a set of known, semi-trusted green-bond participants suits a permissioned setting.

design-principlefinance-bondsgreen-bond-reporting-dpgreen-bonds+2
Design Principle
design-knowledge/green-bond-reporting-dp-dp2

DP2 - Proof-of-authority consensus

Use a proof-of-authority consensus mechanism, which is suitable because some level of trust already exists among participants.

design-principlefinance-bondsgreen-bond-reporting-dpgreen-bonds+2
Design Principle
design-knowledge/green-bond-reporting-dp-dp3

DP3 - Smart-contract document validation

Use smart contracts to validate that an authorized party uploaded and signed the (reporting) file.

design-principlefinance-bondsgreen-bond-reporting-dpgreen-bonds+2
Design Principle
design-knowledge/green-bond-reporting-dp-dp4

DP4 - Reputation-based incentives

Design for reputation rather than monetary incentives, given the conservative nature of the financial sector.

design-principlefinance-bondsgreen-bond-reporting-dpgreen-bonds+2
Design Principle
design-knowledge/green-bond-reporting-dp-dp5

DP5 - Off-chain decision-making

Keep off-chain decisions taken by different stakeholders in their current format, while on-chain decisions are facilitated through smart contracts.

design-principlefinance-bondsgreen-bond-reporting-dpgreen-bonds+2
Design Principle
design-knowledge/green-bond-reporting-dp-dp6

DP6 - Role-based privileges

Identify the issuer, second-opinion provider and investor as different roles with different privilege rights, such as access and editing rights.

design-principlefinance-bondsgreen-bond-reporting-dpgreen-bonds+2

04

Paper design map

The default semantic design map canonicalizes stored design relationships; Raw links retains the complete technical Markdown-link view.

Design-knowledge map

6 stored concepts / 0 canonical semantic relationships

Concept types
Design Principles
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05

Publication metadata

Additional metadata represented in the current library record.

Show additional metadata+
{
  "type": "paper",
  "title": "Design Principles for Blockchain-based Applications in Green Bond Reporting",
  "description": "The paper derives six design principles for blockchain-based green bond reporting that reflect the most relevant blockchain concepts and today's green bond process, helping organizations make informed design decisions to strengthen the credibility of sustainable capital markets.",
  "resource": "https://hdl.handle.net/10125/103254",
  "authors": "Ameera Darwish, Juho Lindman",
  "year": 2023,
  "venue": "HICSS 56 (2023)",
  "methodology": "Design science research; ten expert interviews and blockchain literature; artificial evaluation and demonstration.",
  "dsr_grid": true,
  "dsr_solution_space": "Design principles (nascent design theory) with artificial evaluation and demonstration.",
  "tags": [
    "green-bond-reporting-dp",
    "finance-bonds",
    "sustainability",
    "green-bonds",
    "reporting",
    "design-science-research",
    "blockchain"
  ]
}