Real-Time Audits Utilizing Blockchain for Environmental Attributes Credits
Stuart School of Business research presentation by: Assistant Professor of Analytics Andrew Kumiega, Adjunct Professor in Industrial Technology and Management Daniel Waterloo, and Steven Josephs, Renewable Energy Consultant
Real-Time Audits Utilizing Blockchain for Environmental Attributes Credits
- Assistant Professor of Analytics Andrew Kumiega
- Adjunct Professor Daniel Waterloo, Industrial Technology and Management and Stuart School of Business
- Steven Josephs, P.E., Renewable Energy Consultant
Abstract:
There are multiple environmental attribute credits (EAC) granted by the U.S. Environmental Protection Agency. All EAC require an audit trail. There is currently a proposal to issue an EAC for electricity from biogas that is utilized in vehicles. This EAC is unique in that both the creation of electricity from biogas and the actual usage of the electricity in an electric vehicle needs an audit trail. This initial research proposal lays out the need for an audit, the economic/logistic hurdles of auditing small farms, and the application of Hyperledger Fabric to provide the continuous audit.
All Illinois Tech faculty, students, and staff are invited to attend.
The Friday Research Presentations series showcases ongoing academic research projects conducted by Stuart School of Business faculty and students, as well as guest presentations by Illinois Tech colleagues, business professionals, and faculty from other leading business schools.
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