Leveraging Digital Technologies for Circular Economy: Exploring the Role of AI, IoT, and Blockchain in Overcoming Future Challenges

V. Harish (), Ravindra Sharma, Geeta Rana and Bhakti Parashar
Additional contact information
V. Harish: PSG College of Technology
Ravindra Sharma: Swami Rama Himalayan University
Geeta Rana: Swami Rama Himalayan University
Bhakti Parashar: VIT Bhopal University

A chapter in Sustainable Economy Models in the Age of Industry 5.0, 2025, pp 53-72 from Springer

Abstract: Abstract The shift toward a circular economy offers a critical opportunity to address the environmental and resource depletion road-blocks driven by traditional linear economic models. The world of circular economy practices aims to design waste out of the system, extend product lifecycles, and enable closed-loop systems where resources are reprocessed and cast-off efficiently. However, transitioning to such a model at scale by firms and entities requires overcoming significant operational, logistical, and systemic barriers. Digital technologies, particularly Artificial Intelligence, the Internet of Things, and Blockchain, offer transformative potential to mitigate these road-blocks and allow the successful implementation of circular economy principles across industries. This study explores the part of the recent technologies in overcoming the key challenges closely connected with the achievement of circular economy. While earlier studies indicate that technologies such as Artificial Intelligence can optimize resource management by enabling predictive maintenance, improving manufacturing processes, and enhancing decision-making capabilities for sustainable product design. IoT by connecting physical assets through real-time monitoring and data collection across the entire product lifecycle enables precise tracking of materials and facilitating efficient resource use. Blockchain, with its decentralized system, augments transparency and accountability in circular supply chains, allowing for secure and trustworthy data on product provenance, recycling, and material reuse. The research adopts a mixed-methods approach, integrating case studies of industries that have successfully implemented these technologies in circular economy initiatives with a detailed analysis of the environmental and economic impacts.

Keywords: Digital technologies; Circular economy; Artificial intelligence; Internet of things; Blockchain (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-96-4104-8_4

Ordering information: This item can be ordered from
http://www.springer.com/9789819641048

DOI: 10.1007/978-981-96-4104-8_4

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().