ESC

Clarivate

JCR Category: Business in ESCI edition

Entrepreneurship and Sustainability Issues Open access
Journal Impact FactorTM (2025) 1.5 Q3
Journal Citation IndicatorTM (2025) 0.25 Q4
Received: 2018-04-27  |  Accepted: 2019-02-16  |  Published: 2019-03-30

Title

Biomass blockchain as a factor of energetical sustainability development


Abstract

As the conjuncture of the energetic system in countries or different regions changes, renewable energy sources play a significant role. Thanks to them, it is possible to move from pollute fossil fuels to sustainable use of clean resources. It is widely acknowledged that the use of biomass waste promotes better environmental state and sustainable development because the waste that cannot be recycled is used for energy production. This article describes the usage of blockchain technology-based biomass systems that not only allows tracing the emergence of biomass, but also contributes to the development of sustainable energy. The research shows that a biomass blockchain enables simplification of biomass production process, thus saving resources and contributing to the expansion of forests and the development of common energy system.


Keywords

blockchain, biomass clusters, sustainability, biomass trading systems


JEL classifications

O13 , P34 , Q56


URI

http://jssidoi.org/jesi/article/297


DOI


Pages

1456-1467


Funding

This research was supported by the project VEGA agency no. 1/0953/16

This is an open access issue and all published articles are licensed under a
Creative Commons Attribution 4.0 International License

Authors

Krajnakova, Emilia
Alexander Dubček University of Trenčín, Trenčín, Slovakia https://tnuni.sk
Articles by this author in: CrossRef |  Google Scholar

Švažas, Mantas
Kaunas University of Technology, Kaunas, Lithuania https://ktu.edu
Articles by this author in: CrossRef |  Google Scholar

Navickas, Valentinas
Kaunas University of Technology, Kaunas, Lithuania https://ktu.edu
Articles by this author in: CrossRef |  Google Scholar

Journal title

Entrepreneurship and Sustainability Issues

Volume

6


Number

3


Issue date

March 2019


Issue DOI


ISSN

ISSN 2345-0282 (online)


Publisher

VšĮ Entrepreneurship and Sustainability Center, Vilnius, Lithuania

Cited

Google Scholar

Article views & downloads

HTML views: 6426  |  PDF downloads: 2778

References


Adu, J.T.; Shokunbi, M.O.; & Cole, B.M. 2014. Building Sustainable Business Clusters towards Global Competitiveness: Case Study of Furniture Making along Owode - Ajegunle Axis of Lagos State, Journal of Poverty, Investment and Development 4: 46–51. http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.842.5341&rep=rep1&type=pdf

Search via ReFindit


Bastden, J.; & Cottrell, M. 2017. How utilities are using blockchain to modernize the grid. Harvard Business Review, Brighton, p. 3. https://www.oliverwyman.com/content/dam/oliver-wyman/v2/publications/2017/may/How_Utilities_Are_Using_Blockchain_To_Modernize_The_Grid.pdf

Search via ReFindit


Belas, J., Vojtovic, S., Kljucnikov, A. 2016. Microenterprises and Significant Risk Factors in Loan Process, Economics & Sociology, 9(1): 43-59. https://doi.org/10.14254/2071-789X.2016/9-1/3

Search via ReFindit


Bergman, E.M.; & Feser, J.E. (2011). Industrial and Regional Clusters: Concepts and Comparative Applications. Morgantown, WV: WVU Regional Research Institute Web Book. https://www.researchgate.net/publication/269709907

Search via ReFindit


Braun, P.; McRae–Williams, P.; & Lowe, J. 2005. Small Business Clustering: Accessing Knowledge through Local Networks, Journal of New Business Ideas and Trends 3(2): 57–63. http://www.jnbit.org/upload/Braun_McRae-Williams_Lowe-3-2-2005.pdf

Search via ReFindit


Campbell, K.M.; & Price, J. 2008. The global politics of energy. USA: The Aspen Institute. https://assets.aspeninstitute.org/content/uploads/files/content/docs/pubs/ASG_GlobalPoliticsofEnergy.pdf?_ga=2.72447444.619057303.1544820091-925425757.1544820091

Search via ReFindit


do Carmo Farinha, L.M.; de Matos Ferreira, J.J.; & Gouveia, J.J.B. 2014. Innovation and Competitiveness: A High-Tech Cluster Approach, Romanian Review Precision Mechanics, Optics & Mechatronics 45: 41–48. http://www.incdmtm.ro/editura/documente/Pag%2041-49.pdf

Search via ReFindit


Gajšek, B.; & Kovač, J. 2016. Key Factors for the Successful Operation of Clusters: The Case for Slovenia, Organizacija 49 (2): 150–161. https://doi.org/10.1515/orga-2016-0011

Search via ReFindit


Kiriyama, E. & Kajikawa, Y. 2014. A multilayered analysis of energy security research and the energy supply process, Applied Energy 123: 415–423. https://doi.org/10.1016/j.apenergy.2014.01.026

Search via ReFindit


Kurowska, K.; Kryszk, H.; & Bielski, S. 2014. Determinants of biomass production for energy purposes in north-eastern Poland, Engineering for Rural Development 13: 417–422. http://tf.llu.lv/conference/proceedings2014/Papers/71_Kurowska_K.pdf

Search via ReFindit


López-Menéndez, A.J.; Pérez, R.; & Moreno, B. 2014. Environmental costs and renewable energy: Re-visiting the Environmental Kuznets Curve, Journal of Environmental Management 145: 368–373. https://doi.org/10.1016/j.jenvman.2014.07.017

Search via ReFindit


Lund, H. 2007. Renewable energy strategies for sustainable development, Energy 32: 912–919. https://doi.org/10.1016/j.energy.2006.10.017

Search via ReFindit


McCauley, S.M.; & Stephens, J.C. 2012. Green energy clusters and socio-technical transitions: analysis of a sustainable energy cluster for regional economic development in Central Massachusetts, USA, Sustainability Science 7: 213–225. https://doi.org/10.1007/s11625-012-0164-6

Search via ReFindit


Mengelkamp, E.; Notheisen, B.; Beer, C.; Dauer, D.; & Weinhardt, C. 2018. A blockchain-based smart grid: towards sustainable local energy markets, Computer Science-Research and Development 33(1-2): 207–214. https://doi.org/10.1007/s00450-017-0360-9

Search via ReFindit


Mura, L., Haviernikova, K., Machova, R. 2017. Empirical results of entrepreneurs' network: case study of Slovakia, Serbian Journal of Management 12(1): 121-131. https://doi.org/10.5937/sjm12-10418

Search via ReFindit


Mylrea, M.; & Gourisetti, S.N.G. 2017. Blockchain for smart grid resilience: Exchanging distributed energy at speed, scale and security. In Resilience Week (RWS), IEEE. 18–23. https://doi.org/10.1109/RWEEK.2017.8088642

Search via ReFindit


Pop, C.; Cioara, T.; Antal, M.; Anghel, I.; Salomie, I.; & Bertoncini, M. 2018. Blockchain based decentralized management of demand response programs in smart energy grids, Sensors 18 (1): 162. https://dx.doi.org/10.3390/s18010162

Search via ReFindit


Razminienė, K.; Tvaronavičienė, M. 2018. Detecting the linkages between clusters and circular economy, Terra Economicus 16(4): 50-65. https://doi.org/10.23683/2073-6606-2018-16-4-50-65

Search via ReFindit


Roberts, D. 2007. Globalization and Its Implications for the Indian Forest Sector. TIFAC/IIASA Joint Workshop “Economic, Societal and Environmental Benefits Provided by the Indian Forests”, New Delhi, India, April, 2007. https://doi.org/10.1505/ifor.10.2.401

Search via ReFindit


Rocha, H.A. 2004. Entrepreneurship and Development: The Role of Clusters, Small Business Economics 23: 363–400. https://doi.org/10.1007/s11187-004-3991-8

Search via ReFindit


Sanchez, O.J.; & Cardona, C.A. 2008. Trends in biotechnological production of fuel ethanol, Bioresource Technology 99: 5270–5272. https://doi.org/10.1016/j.biortech.2007.11.013

Search via ReFindit


Saxena, R.C.; Adhikari, D.K.; & Goyal, H.B. 2009. Biomass-based energy fuel through biochemical routes: A review, Renewable and Sustainable Energy Reviews 13: 167–178. https://doi.org/10.1016/j.rser.2007.07.011

Search via ReFindit


Srovnalíková, P.; Havierniková, K.; Guščinskienė, J. 2018. Assessment of reasons for being engaged in clusters in terms of sustainable development, Journal of Security and Sustainability Issues 8(1): 103-112. https://doi.org/10.9770/jssi.2018.8.1(9)

Search via ReFindit


Srovnalikova, P.; Karbach, R. 2016. Tax Changes and Their Impact on Managerial Decision Making. Proceedings of the 1st International Conference Contemporary Issues in Theory and Practice of Management. Czestochowa: CITPM, pp. 410-415. ISBN 978-8365179-43-2. Accession Number: WOS: 000385693000059

Search via ReFindit


Tvaronavičienė, M. 2017. Clusters, innovations and energy efficiency: if relantionship could be traced, Marketing and Management of Innovations 2: 382 - 391 http://doi.org/10.21272/mmi.2017.2-35

Search via ReFindit


Valentine, S.V. (2011). Emerging symbiosis: Renewable energy and energy security. Renewable and Sustainable Energy Reviews, 15(15), 4572–4578. http://www.sciencedirect.com/science/article/pii/S1364032111003406

Search via ReFindit


Varun; Prakash, R.; Bhat, I.K. 2009. Energy, economics and environmental impacts of renewable energy systems, Renewable and Sustainable Energy Reviews 13: 2716–2721. https://doi.org/10.1016/j.rser.2009.05.007

Search via ReFindit


Virglerova, Z.; Kozubikova, L.; Vojtovic, S. (2016). Influence of selectedfactors on financial risk management in SMEs in the Czech Republic. Montenegrin Journal of Economics, 12(1), 21-36. http://repec.mnje.com/mje/2016/v12-n01/mje_2016_v12-n01-a12.pdf

Search via ReFindit


Zheng, Z.; Xie, S.; Dai, H. N.; & Wang, H. 2016. Blockchain challenges and opportunities: A survey. Work Pap. 1-25. https://www.henrylab.net/wp-content/uploads/2017/10/blockchain.pdf

Search via ReFindit


Žižka, M.; Hovorková Valentová, V.; Pelloneová, N.; Štichhauerová, E. 2018. The effect of clusters on the innovation performance of enterprises: traditional vs new industries, Entrepreneurship and Sustainability Issues 5(4): 780-794. http://doi.org/10.9770/jesi.2018.5.4(6)

Search via ReFindit