Toward a Greener Planet Through IoT JOI_20230426_eBook | Page 94

CONTENTS 1 Abstract .......................................................................................................................... 91
2 Overview ........................................................................................................................ 92
2.1
Current Scenario ................................................................................................................ 93
2.1.1
Therman Papers Growing Trend ....................................................................................... 93
2.1.2
Health Impact .................................................................................................................... 93
2.1.3
Environmental Impact ....................................................................................................... 93
2.2
Problem Statement ........................................................................................................... 95
2.3
Incentives for Adoption of New System .............................................................................. 95
2.4
The Novelty of Our Solution ............................................................................................... 95
3 Technology ..................................................................................................................... 97
3.1
Blockchain Technology ...................................................................................................... 97
3.2
Advantages of Blockchain .................................................................................................. 97
3.2.1
Transparency ..................................................................................................................... 97
3.2.2
Enhanced Security ............................................................................................................. 98
3.2.3
True Traceability ................................................................................................................ 98
3.2.4
Reduced Costs ................................................................................................................... 98
3.2.5
Improved Efficiency ........................................................................................................... 99
3.3
Near Blockchain ................................................................................................................. 99
3.4
IPFS : Inter-Planetary File System ...................................................................................... 100
4 Solution ........................................................................................................................ 100
4.1
Architecture .................................................................................................................... 100
4.2
Tech Stack of Our Solution ............................................................................................... 101
4.3
User Flow ........................................................................................................................ 102
4.3.1
Locking In As a User ......................................................................................................... 103
4.3.2
Viewing Bills ..................................................................................................................... 103
4.3.3
Registering as Vendor ...................................................................................................... 103
4.3.4
Adding New Bills .............................................................................................................. 104
4.3.5
Updating an Existing Bill .................................................................................................. 104
4.3.6
Augumented Use cases With Diverse Users Such as Tax-Authorities and Regulators ... 105
4.3.7
Performance Evaluation of our Solution ......................................................................... 105
5 Obstacles in Adoption ................................................................................................... 106
5.1
Technical and Economical Perspective on Blockchain-Based Solutions .............................. 106
5.2
Widespread Adoption ...................................................................................................... 108
6 Scalability and Adaptability to Market ........................................................................... 109
6.1
Technological Scaling ....................................................................................................... 109
6.2
Interoperability ............................................................................................................... 111
6.3
Adaptability to Market .................................................................................................... 111
7 Conclusion .................................................................................................................... 111 8 References .................................................................................................................... 112
April 2023