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Cost analysis and optimization of Blockchain-based solid waste management traceability system.

Praveen Kumare Gopalakrishnan1, John Hall1, Sara Behdad2

  • 1Mechanical and Aerospace Engineering, University at Buffalo, SUNY, Buffalo, NY 14260, United States.

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Summary
This summary is machine-generated.

This study introduces a Blockchain-based Solid Waste Management (SWM) model to improve recycling transparency and waste traceability. The proposed system enhances municipal waste management efficiency and optimizes waste trading for increased profitability.

Keywords:
BlockchainCost analysisOptimizationTransparent recycling systemsWaste collection and recovery

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Area of Science:

  • Environmental Science
  • Computer Science
  • Operations Research

Background:

  • Growing global concerns over End-of-Life (EoL) waste and environmental pollution.
  • Increasing need for enhanced transparency and traceability in recycling systems.
  • Limitations of current waste management systems in addressing traceability.

Purpose of the Study:

  • To propose a Blockchain-based Solid Waste Management (SWM) model for improved waste traceability.
  • To enhance the efficiency of municipal waste management efforts.
  • To optimize waste trading between supplier and consumer companies.

Main Methods:

  • Development of a municipality-controlled Blockchain framework for waste management.
  • Analysis of cost burdens for supplier and consumer companies on the platform.
  • Implementation of an optimization model to determine optimal waste trading quantities.
  • Estimation of Blockchain implementation costs using industry use cases.

Main Results:

  • The proposed Blockchain-based SWM model enhances transparency and traceability in waste management.
  • An optimization model successfully determines optimal waste trading to maximize company profits.
  • Cost aspects of Blockchain implementation are estimated, providing insights for municipalities.

Conclusions:

  • Blockchain technology offers a viable solution for improving solid waste management and recycling transparency.
  • The proposed model can lead to more efficient waste handling and increased profitability for involved companies.
  • Further research can explore wider adoption and integration of Blockchain in circular economy initiatives.