Blockchain Characteristics and Green Supply Chain Advancement

Abstract

Blockchain is an emerging technology that has been widely hyped for addressing many business issues. Blockchain's disruptive technological capabilities have the potential to revolutionize global supply chain management processes, and impact green supply chain initiatives. Blockchain technology incorporates four major characteristics: transparency, reliability, smart execution, and tokenization. Blockchain characteristics have implications for green practices in the upstream supply chain, focal company, and downstream supply chain. This chapter provides insights, exemplary practices, and use cases on how blockchain features can enhance green supply chain activities. Research concerns and directions are proposed to advance the discussion and research on this emergent field.