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Blockchain-based Smart Contracts in Waste Management

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From the article: Blockchain technology may have the potential to fundamentally
change society and we might currently witness the dawn of a
cryptographically secured trust-free transactions economy. One relatively
unexplored application domain is waste management. Incorrect waste
management practices may lead to illegal pollution or enable fraudulent
transactions. Using a design science approach, we formulate problem areas
and evaluate the applicableness of using a blockchain solution to mitigate
the problems identified. Our results indicate that it is important that the
organization and its infrastructure is prepared for the use of blockchain.
There are several conditional challenges that must be overcome to realize
blockchain technology’s full potential. Further research is needed in order
to grasp a full understanding about the situations in which blockchain
technology is beneficial or not.


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