Blockchain Practices, Potentials, and Perspectives in Greening Supply Chains

Kouhizadeh, Mahtab; Sarkis, Joseph

doi:10.3390/su10103652

Cited by 465 publications

(377 citation statements)

References 43 publications

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“…Blockchain technology can benefit circular economy activities through information management. Accurate information related to recycling programs, reusability of materials, green packaging, energy consumption, and carbon emissions can be made available on a blockchain [34]. Companies can use this information to evaluate the circularity performance of their supply chain versus their competitors, recognize their strengths and weaknesses, and use benchmarking data to improve their circular economy practices.…”

Section: Blockchain Technologymentioning

confidence: 99%

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At the Nexus of Blockchain Technology, the Circular Economy, and Product Deletion

2019

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The circular economy (CE) is an emergent concept to rethink and redesign how our economy works. The concept recognizes effective and efficient economic functioning at multiple scales—governments and individuals, globally and locally; for businesses, large and small. CE represents a systemic shift that builds long-term resilience at multiple levels (macro, meso and micro); generating new business and economic opportunities while providing environmental and societal benefits. Blockchain, an emergent and critical technology, is introduced to the circular economy environment as a potential enabler for many circular economic principles. Blockchain technology supported information systems can improve circular economy performance at multiple levels. Product deletion, a neglected but critical effort in product management and product portfolio management, is utilized as an illustrative business scenario as to blockchain’s application in a circular economy research context. Product deletion, unlike product proliferation, has received minimal attention from both academics and practitioners. Product deletion decisions need to be evaluated and analyzed in the circular economy context. CE helps address risk aversion issues in product deletions such as inventory, waste and information management. This paper is the first to conceptualize the relationships amongst blockchain technology, product deletion and the circular economy. Many nuances of relationships are introduced in this study. Future evaluation and critical reflections are also presented with a need for a rigorous and robust research agenda to evaluate the multiple and complex relationships and interplay amongst technology, policy, commerce and the natural environment.

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Section: Blockchain Technologymentioning

confidence: 99%

“…A smart contract may reflect the agreement about the condition and quality of a product or material. When a returned product or material is identified, the smart contract can automatically generate the payment based on the defined product conditions [34]. The product condition may be evaluated and certified in the system.…”

Section: Reverse Logisticsmentioning

confidence: 99%

At the Nexus of Blockchain Technology, the Circular Economy, and Product Deletion

2019

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“…The blockchain technology serves as a trust-based platform between plastic waste segregators, recyclers, and recycled feedstock buyers (manufacturers). The blockchain network has distributed, but not copied, digital information (Adebiyi-Abiola et al 2019;Crosby et al 2016;Drescher 2017;Kouhizadeh and Sarkis 2018;Kouhizadeh et al 2019;Mansfield-Devine 2017;Romano and Schmid 2017;Sekhri 2018;Wang and Qu 2019). This digital information is validated by various partners during each transaction.…”

Section: Blockchain Smart Contractsmentioning

confidence: 99%

From Trash to Cash: How Blockchain and Multi-Sensor-Driven Artificial Intelligence Can Transform Circular Economy of Plastic Waste?

Chidepatil¹,

Bindra²,

Kulkarni³

et al. 2020

Administrative Sciences

118

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Virgin polymers based on petrochemical feedstock are mainly preferred by most plastic goods manufacturers instead of recycled plastic feedstock. Major reason for this is the lack of reliable information about the quality, suitability, and availability of recycled plastics, which is partly due to lack of proper segregation techniques. In this paper, we present our ongoing efforts to segregate plastics based on its types and improve the reliability of information about recycled plastics using the first-of-its-kind blockchain smart contracts powered by multi-sensor data-fusion algorithms using artificial intelligence. We have demonstrated how different data-fusion modes can be employed to retrieve various physico-chemical parameters of plastic waste for accurate segregation. We have discussed how these smart tools help in efficiently segregating commingled plastics and can be reliably used in the circular economy of plastic. Using these tools, segregators, recyclers, and manufacturers can reliably share data, plan the supply chain, execute purchase orders, and hence, finally increase the use of recycled plastic feedstock.

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“…Public blockchains are especially useful for brands that seek to capitalize on transparency in order to deliver consumer value. For example, creating product packaging with blockchain-based information transparency can enhance green marketing efforts (Kouhizadeh and Sarkis, 2018) as consumers will likely purchase products that they are sufficiently well informed about. Overall, the choice of blockchain type is a critical decision that should respond to the requirements of different marketing applications.…”

Section: Conclusion and Limitationsmentioning

confidence: 99%

How Blockchain Technology Can Benefit Marketing: Six Pending Research Areas

2020

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The proliferation of sophisticated e-commerce platforms coupled with mobile applications has ignited growth in business-to-consumer (B2C) commerce, reshaped organizational structures, and revamped value creation processes. Simultaneously, new technologies have altered the dynamics of brand marketing, enabling a broader reach and more personalized targeting aimed at increasing brand trust and enhancing customer loyalty. Today, the Internet allows marketers to penetrate deeper into their existing markets, create new online marketplaces and to generate new demand. This dynamic market engagement uses new technologies to target consumers more effectively. In this conceptual paper, we discuss how blockchain technology can potentially impact a firm's marketing activities. More specifically, we illustrate how blockchain technology acts as incremental innovation, empowering the consumer-centric paradigm. Moreover, blockchain technology fosters disintermediation, aids in combatting click fraud, reinforces trust and transparency, enables enhanced privacy protection, empowers security, and enables creative loyalty programs. We present six propositions that will guide future blockchain-related research in the area of marketing.

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Blockchain Practices, Potentials, and Perspectives in Greening Supply Chains

Cited by 465 publications

References 43 publications

At the Nexus of Blockchain Technology, the Circular Economy, and Product Deletion

At the Nexus of Blockchain Technology, the Circular Economy, and Product Deletion

From Trash to Cash: How Blockchain and Multi-Sensor-Driven Artificial Intelligence Can Transform Circular Economy of Plastic Waste?

How Blockchain Technology Can Benefit Marketing: Six Pending Research Areas

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