A Low-Code Platform of Carbon Credit Trading Using Blockchain Technology: A Case Study in Nakhon Si Thammarat Province

Abstract

Carbon credit is one of the measures within the Emission Trading Scheme (ETS), which serves as a mechanism to offset the amount of greenhouse gases one emits beyond the allocated rights to emit greenhouse gases. Although there are the existed carbon credit trading platforms, this research aimed to study a carbon credit trading prototype platform by using a low code with blockchain technology (BT). The rubber tree data at Nakhon Si Thammarat province in 3 age groups; namely 6-, 14-, and 22-year-old tree were used as the initial input data along with the area size of rubber tree field. After simulating the developed platform, the results show that the carbon content of the projects that have already been purchased can be sold or re-purchased while the contract for the transaction is recorded on the blockchain. Furthermore, the developed low code platform can save the platform's cost and the developing time, moreover, people without IT experience can use this low-code model to develop platforms of interest.