气候变化领域集成服务门户(CCPortal): Technology-enabled financing of sustainable infrastructure: A case for blockchains and decentralized oracle networks

CCPortal

DOI	10.1016/j.techfore.2022.122258
	Technology-enabled financing of sustainable infrastructure: A case for blockchains and decentralized oracle networks
	Chung, Kenneth Hsien Yung; Li, Dan; Adriaens, Peter
发表日期	2023
ISSN	0040-1625
EISSN	1873-5509
卷号	187
英文摘要	The capital required to maintain infrastructure in good repair falls short globally. This is commonly referred to as the infrastructure finance gap. To address climate change, transitioning from conventional to sustainable infrastructure further imposes financing challenges. This study employs the Model approach to justify and predict how blockchain technologies can leverage infrastructure data to close the finance gap by introducing new financing mechanisms. A semisystematic literature review was carried out for infrastructure finance, sustainable infrastructure and smart cities finance mechanisms, as well as blockchains and oracles. Conventional infra-structure finance via debt and equity lacks benchmarks that reflect the risk-return characteristics of the asset class. Performance-based financing addresses this issue by integrating performance data in valuations. However, a lack of trust in data veracity remains. Blockchains provide trust and transparency in data and transactions. They utilize oracles to access off-chain information for on-chain decision-making. With smart contracts and decentralized oracle networks, a general approach is presented where data from internet-of-things inform on-chain transactions, delivering performance benchmarks that accurately reflect the risk-return characteristics in an infrastructure investment. Capital can then be more readily deployed, thus closing the finance gap. An end-to -end example of financing sustainable stormwater infrastructure, Open Storm, is also presented.
英文关键词	Sustainable infrastructure; Performance-based finance; Blockchain; Decentralized oracle network
语种	英语
WOS研究方向	Business ; Regional & Urban Planning
WOS类目	Social Science Citation Index (SSCI)
WOS记录号	WOS:000906519400001
来源期刊	TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/280940
作者单位	University of Michigan System; University of Michigan
推荐引用方式 GB/T 7714	Chung, Kenneth Hsien Yung,Li, Dan,Adriaens, Peter. Technology-enabled financing of sustainable infrastructure: A case for blockchains and decentralized oracle networks[J],2023,187.
APA	Chung, Kenneth Hsien Yung,Li, Dan,&Adriaens, Peter.(2023).Technology-enabled financing of sustainable infrastructure: A case for blockchains and decentralized oracle networks.TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE,187.
MLA	Chung, Kenneth Hsien Yung,et al."Technology-enabled financing of sustainable infrastructure: A case for blockchains and decentralized oracle networks".TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE 187(2023).