A blockchain non-fungible token-enabled ‘passport’ for construction waste material cross-jurisdictional trading

Liupengfei WU; Weisheng LU; Ziyu PENG; Chris WEBSTER

doi:10.1016/j.autcon.2023.104783

A blockchain non-fungible token-enabled ‘passport’ for construction waste material cross-jurisdictional trading

Liupengfei WU
, Weisheng LU^*
, Ziyu PENG
, Chris WEBSTER

^*Corresponding author for this work

Research output: Journal Publications › Journal Article (refereed) › peer-review

82 Citations (Scopus)

Abstract

The waste material passport (WMP) has been proposed for construction waste material (CWM) cross-border trading to reduce information asymmetry between parties. However, a major concern is that such WMPs are not issued by authorities that can guarantee authentication. This research aims to develop a blockchain non-fungible token (NFT)-enabled WMP. By using design science research, we develop a framework to (1) digitize CWM into NFT-enabled passports via tokenization; (2) prevent duplicated issuance of passports with unique NFT identifiers; (3) enhance information transparency via blockchain distributed ledgers; (4) improve trading efficiency via its decentralized consensus; and (5) secure transaction records via its cryptographic algorithms. The framework is prototyped and simulated in a case study. The prototype is found feasible with satisfactory performance. It can serve as a reference for future endeavors in harnessing the power of blockchain NFTs, particularly for mobilizing blockchain NFT-enabled passports for various value-added applications in the circular economy.

Original language	English
Article number	104783
Journal	Automation in Construction
Volume	149
Early online date	10 Feb 2023
DOIs	https://doi.org/10.1016/j.autcon.2023.104783
Publication status	Published - May 2023
Externally published	Yes

Bibliographical note

Publisher Copyright:
© 2023 Elsevier B.V.

Funding

The work presented in this paper was financially supported by the Hong Kong Innovation and Technology Commission (ITC) with the Innovation and Technology Fund (ITF) (No. ITP/029/20LP ). This funding source had no role in the design and conduction of this study.

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 8 Decent Work and Economic Growth
SDG 12 Responsible Consumption and Production

Keywords

Blockchain
Circular economy
Construction waste management
Non-fungible token
Waste trading

Access to Document

10.1016/j.autcon.2023.104783

Cite this

@article{e034ff2513eb4ac7998bfe46f62bb5ed,

title = "A blockchain non-fungible token-enabled {\textquoteleft}passport{\textquoteright} for construction waste material cross-jurisdictional trading",

abstract = "The waste material passport (WMP) has been proposed for construction waste material (CWM) cross-border trading to reduce information asymmetry between parties. However, a major concern is that such WMPs are not issued by authorities that can guarantee authentication. This research aims to develop a blockchain non-fungible token (NFT)-enabled WMP. By using design science research, we develop a framework to (1) digitize CWM into NFT-enabled passports via tokenization; (2) prevent duplicated issuance of passports with unique NFT identifiers; (3) enhance information transparency via blockchain distributed ledgers; (4) improve trading efficiency via its decentralized consensus; and (5) secure transaction records via its cryptographic algorithms. The framework is prototyped and simulated in a case study. The prototype is found feasible with satisfactory performance. It can serve as a reference for future endeavors in harnessing the power of blockchain NFTs, particularly for mobilizing blockchain NFT-enabled passports for various value-added applications in the circular economy.",

keywords = "Blockchain, Circular economy, Construction waste management, Non-fungible token, Waste trading",

author = "Liupengfei WU and Weisheng LU and Ziyu PENG and Chris WEBSTER",

note = "Publisher Copyright: {\textcopyright} 2023 Elsevier B.V.",

year = "2023",

month = may,

doi = "10.1016/j.autcon.2023.104783",

language = "English",

volume = "149",

journal = "Automation in Construction",

issn = "0926-5805",

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AU - WU, Liupengfei

AU - LU, Weisheng

AU - PENG, Ziyu

AU - WEBSTER, Chris

PY - 2023/5

Y1 - 2023/5

N2 - The waste material passport (WMP) has been proposed for construction waste material (CWM) cross-border trading to reduce information asymmetry between parties. However, a major concern is that such WMPs are not issued by authorities that can guarantee authentication. This research aims to develop a blockchain non-fungible token (NFT)-enabled WMP. By using design science research, we develop a framework to (1) digitize CWM into NFT-enabled passports via tokenization; (2) prevent duplicated issuance of passports with unique NFT identifiers; (3) enhance information transparency via blockchain distributed ledgers; (4) improve trading efficiency via its decentralized consensus; and (5) secure transaction records via its cryptographic algorithms. The framework is prototyped and simulated in a case study. The prototype is found feasible with satisfactory performance. It can serve as a reference for future endeavors in harnessing the power of blockchain NFTs, particularly for mobilizing blockchain NFT-enabled passports for various value-added applications in the circular economy.

AB - The waste material passport (WMP) has been proposed for construction waste material (CWM) cross-border trading to reduce information asymmetry between parties. However, a major concern is that such WMPs are not issued by authorities that can guarantee authentication. This research aims to develop a blockchain non-fungible token (NFT)-enabled WMP. By using design science research, we develop a framework to (1) digitize CWM into NFT-enabled passports via tokenization; (2) prevent duplicated issuance of passports with unique NFT identifiers; (3) enhance information transparency via blockchain distributed ledgers; (4) improve trading efficiency via its decentralized consensus; and (5) secure transaction records via its cryptographic algorithms. The framework is prototyped and simulated in a case study. The prototype is found feasible with satisfactory performance. It can serve as a reference for future endeavors in harnessing the power of blockchain NFTs, particularly for mobilizing blockchain NFT-enabled passports for various value-added applications in the circular economy.

KW - Blockchain

KW - Circular economy

KW - Construction waste management

KW - Non-fungible token

KW - Waste trading

UR - https://www.scopus.com/pages/publications/85147842762

U2 - 10.1016/j.autcon.2023.104783

DO - 10.1016/j.autcon.2023.104783

M3 - Journal Article (refereed)

AN - SCOPUS:85147842762

SN - 0926-5805

VL - 149

JO - Automation in Construction

JF - Automation in Construction

M1 - 104783

ER -

A blockchain non-fungible token-enabled ‘passport’ for construction waste material cross-jurisdictional trading

Abstract

Bibliographical note

Funding

UN SDGs

Keywords

Access to Document

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