Blockchain for the environmentally sustainable enterprise

Abstract

Blockchain technology (BCT) meaningfully contributes to environmentally sustainable development goals (SDGs) by improving sustainable supply chain management, tracing of product stewardship capabilities, and promoting development of secure and reliable smart cities (Parmentola et al., 2021). Alternatively, BCT has significant energy requirements (Lei et al., 2021) and privacy concerns (Ghonge et al., 2022) and is vulnerable to malicious actors (Krishnan, 2020). Balancing the negative with the positive is critical for successful implementation and adoption of BCT in the environmentally sustainable enterprise. BCT legitimacy has grown across industries. As a key Industry 4.0 technology (Bodhke et al., 2020), it can support cross-sector sustainability effectiveness (Esmaeilian et al., 2020) by capitalizing on key features including decentralization, reliability, transparency, consensus standards, and traceability that are deemed important by multiple

Adopting blockchain technology to enhance green supply chain integration: The moderating role of organizational culture

“…Despite that our study has some contributions, there are still limitations which need to be pointed out. First, BCT is not a perfect technology (Bai et al, 2022); time‐consuming calculation is the main shortage in practical application (Zhu, Shi, Huang, & Zhang, 2020; Zhu, Shi, Xie, & Song, 2020); future research should explore some dark sides of BCT. Second, whether there are some other potential mediators that may explain BCT–GSCI link except SCT?…”

“…Moreover, combining BCT with GSCI has become an emerging topic (Bai et al, 2022; Kamble et al, 2020; Parmentola et al, 2022; Zhang, Zhong, Farooque, et al, 2020). Because BCT adoption could potentially increase supply chain trust (SCT) to a great extent, SCT is regarded as a vital beneficial factor for long‐term, slow‐effect, and strategic green collaboration.…”