DOI: 10.1111/exsy.70461 ISSN: 0266-4720
A Multi‐Blockchain Structure in the Carbon Market Trading: A Case Analysis in the Chinese Carbon Exchange
Moting Su, Ruoyu Zhao, Jiajia Jiang, Xiangli Xiao, Fengshu LiABSTRACT
We propose a novel multi‐blockchain framework for carbon futures trading to enhance innovation and liquidity in China's national carbon market. Our approach introduces: (1) a tailored trading framework that integrates standard operations with regulatory requirements from multiple authorities; (2) a design of four distinct blockchain types to ensure data privacy and seamless system interaction; and (3) a cross‐chain mechanism for data consistency, verification and compliance. Experimental results validate the model's effectiveness. This work supports China's dual‐carbon goals by advancing carbon finance through a secure and efficient trading system.