Circular economy performance evaluation with blockchain technology

Mahtab Kouhizadeh, Qingyun Zhu and Joseph Sarkis

Chapter 4 in Environmentally Responsible Supply Chains in an Era of Digital Transformation, 2024, pp 58-78 from Edward Elgar Publishing

Abstract: Circular Economy performance indicators are relatively difficult to manage. There are no guarantees the circular economy practices - which overlap greatly with green supply chain activities - will necessarily be environmentally responsible. Part of this difficulty of managing circular economy processes in an environmentally sound way is the need for performance metrics, monitoring and evaluation. Essentially, there is a need for a circular economy performance measurement system. The difficulty with managing complex circular economy processes is the need for multiple actors to contribute information and knowledge to manage in this environment. It is within this context that we provide insights into how blockchain technology can be used and tied to circular economy performance evaluation. Blockchain technology characteristics including traceability, transparency, security and tokenization will be considered. We will discuss the current state-of-the-art practice, emergent developments and future work. Research and practical concerns related to this topic are featured.

Keywords: Business and Management; Economics and Finance; Environment; Innovations and Technology; Sustainable Development Goals (search for similar items in EconPapers)
Date: 2024
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