Abderahman Rejeb, Karim Rejeb, John G. Keogh, Suhaiza Zailani
Blockchain can help to fundamentally alter aspects of circular economy (CE) activities and overcome pressing sustainability issues. Nevertheless, limited studies have investigated the barriers to blockchain adoption in the CE. This study aims to close the knowledge gap by providing a comprehensive review of the barriers hampering the adoption and integration of blockchain technology in the CE. An integrated approach based on fuzzy Delphi and best-worst methods has been applied to analyze and rank the barriers. Sixteen barriers to blockchain adoption in the CE were identified from the academic literature and validated by a panel of experts. The findings from the fuzzy Delphi technique identified ten significant barriers for further analysis. Then, using the best-worst method, the optimal weights were determined based on the experts’ judgment to recognize the importance of each barrier. The findings from this method showed that a lack of knowledge and management support, reluctance to change and technological immaturity are the most significant barriers. In contrast, the least significant barriers are investment costs, security risks, and scalability issues. Theoretically, this study is the first to apply an integrated approach combining fuzzy Delphi and best-worst techniques to prioritze the barriers to blockchain adoption in the CE. It also provides valuable insights for managers and decision-makers that can be used to optimize blockchain implementations in the CE.
Abstract The critical role of blockchain technology in ensuring a proper level of traceability and visibility along supply chains is increasingly being explored in the literature. This critical examination must focus on the factors that either encourage or hinder (i.e. the drivers or barriers) the implementation of this technology in extended supply chains. On the assumption that the blockchain will need to be adopted at the supply chain level, the enabling factors and the contingent variables of different supply chains must be identified and analysed. The appropriate identification of supply chain partners is becoming a critical factor of success since the globalization of supply chains makes their management and control increasingly difficult. This is particularly true of the fashion industry. Five blockchain providers and seven focal companies working in the fashion industry were interviewed to compare their different viewpoints on this topic. The results highlight which drivers, barriers, and supply chain variables impact the implementation of the blockchain and specific research propositions are formulated.
Blockchain technology has subverted traditional supply chain operational models and transformed information interactions along supply chains. This paper examines the impact of blockchain technology on supply chain information collaboration and operating costs. This paper develops a three-level supply chain model based on blockchain technology that incorporates retailer sensitivity to information. First, the manufacturer’s profit function is developed, and the optimal information-sharing quantity and supply chain pricing decisions are analysed. Then, cost models for both the traditional supply chain and the novel supply chain using blockchain technology are developed and the impact of blockchain technology on supply chain operating costs is determined. The results demonstrate that blockchain technology can effectively reduce supply chain operating costs. In addition, this study has an interesting finding that if blockchain adoption is valuable for the supply chain, the quantity of information-sensitive should be moderate. Too many or too few information-sensitive retailers can reduce the value of the blockchain's use. This is because blockchain is implementation will increase the privacy concerns of supply chain companies.
Vincent Tawiah, Abdulrasheed Zakari, Guo Li, Anthony Kyiu
Abstract This study examines the relationship between the adoption of blockchain technology and environmental efficiency by using a sample of US firms over the 2015–2019 period. Our results indicate that the adoption of blockchain technology is positively and significantly associated with environmental efficiency, suggesting that blockchain improves environmental sustainability. In further analyses, we determine that the relationship between blockchain and environmental efficiency is more pronounced for firms in financial and technological industries than for those in other industries. Our findings are also robust to other methods that control for endogeneity, including difference in difference regressions and propensity score matching. Overall, we provide empirical evidence to incentivize business leaders and policymakers to adopt innovative technologies, such as blockchain.
Moritz Böhmecke‐Schwafert, Marie Wehinger, Robin Teigland
Abstract Blockchain is increasingly lauded as an enabler of the transition to a circular economy. While there is considerable conceptual research and some empirical studies on this phenomenon, scholars have yet to develop a theoretical model of blockchain's role in this transition. Grounded in the sustainability transition literature, this paper addresses this gap through the following research question: What role does blockchain play in the transition to a circular economy? Following an abductive approach, we conducted interviews with ground‐level experts implementing blockchain innovations for the circular economy across Europe and the United States. Through a thematic analysis, we derived a theoretical model of the relationships among (1) drivers and barriers of the transition to a circular economy, (2) blockchain innovation for the circular economy, (3) technical challenges of blockchain, and (4) the circular economy. While blockchain plays a moderating role, interviewees considered it only an infrastructural resource rather than a panacea.
With the advent of Industry 4.0, Blockchain is attracting Supply Chain (SC) practitioners and researchers thanks to its decentralized and trustworthy data governance features. As Blockchain adoption in SC is nascent, this article provides a Systematic Literature Review of the critical success factors for this phenomenon to help organizations meet its challenges. 56 selected articles were first thematically analyzed with NVivo to identify and conceptually categorize the factors. Then, we performed a social network analysis under VOSviewer to understand the research trends in our topic and explain the implicit ties between the identified factors. Finally, we inferred further theoretical implications of the analyzed literature in light of the ‘Technology, Organization, Environment’ framework. Hence, this study contributes to academic and practical knowledge by explaining the natures of the interdependent factors for Blockchain adoption in SC and of their potential links. We also propose opportunities for future research to extend our findings.
Ehsan Bakhtiarizadeh, Wajiha Shahzad, Mani Poshdar, James Olabode Bamidele Rotimi
Abstract Different industries are modernising their systems and introducing innovations to their management practices. However, the construction industry is recognised for its lack of technological systems on which the success of this sector is deemed to be heavily dependent. Previous studies have focused on enhancing the off-site construction supply chain. However, studies on the importance and utilisation of technology in this sub-sector are scarce, predominantly where the efficiency of off-site supply chain management is stalled as a consequence of the slow implementation of technology. Thus, this article employs an exploratory approach by providing insight into the applicability of blockchain technology in New Zealand’s off-site construction and demonstrates the benefits associated with the adoption of this technology. A literature review was used to identify stakeholders’ interrelationships in different stages of prefabrication projects. Then, a pilot interview from industry experts followed by a questionnaire survey was used to determine the involvement of stakeholders in different phases and the benefits that blockchain technology can bring to this industry. The results indicate that using blockchain as a secure information management system could improve the integration of prefabrication supply systems by producing a collaborative atmosphere amongst the organisations involved.
Tarun Kumar Agrawal, Jannis Angelis, Wajid Ali Khilji, Ravi Kalaiarasan · 5 authors
Blockchain technologies can support traceability, transparency and trust among participants. This has primarily been explored in established supply chains and not in the growing use of business networks or ecosystems, which is a notable limitation since supply chains typically are organised with a dominant actor that ensures common information systems and standards that negate blockchain benefits. Hence, this study explores the design of a blockchain-based collaborative framework for resource sharing using smart contracts. These are particularly well-suited for supporting operations in broader networks or ecosystems beyond supply chains with established collaborations and hierarchies. Based on a systematic literature review, a demonstrator framework was developed for stakeholder interactions through a procurement and distribution unit backed with blockchain technology. The framework consists of (a) network architecture to demonstrate partner interactions; (b) rules for network working principles based on supply collaboration requirements; (c) UML diagram to define smart contract interaction sequence; and (d) algorithm for smart contract network verification and validation. Applicability of these smart contracts was verified by deployment on an Ethereum blockchain. The demonstrator framework ensures quality and data authenticity in supply networks, so it is useful for effective resource utilisation in networks where outsourcing and production surpluses are major issues.
Simone Pizzi, Andrea Caputo, Andrea Venturelli, Fabio Caputo
Purpose The purpose of this paper is to evaluate blockchain’s enabling role for sustainability reporting. This study extends the scientific knowledge about the impacts related to the notarisation of mandatory sustainability reports through a publicly available blockchain. Design/methodology/approach Building on the idea journey framework, this paper presents the case study of Banca Mediolanum in Italy, a first-mover who notarised its non-financial declaration on a public blockchain to mitigate the information asymmetries that negatively impact stakeholder engagement. Findings The analysis reveals that the notarisation of the non-financial reports through a publicly available blockchain can represent a tool useful to mitigate the asymmetric information between organisations and stakeholders. Practical implications Although academics and practitioners have observed the benefits of its implementation, only a few companies have adopted blockchain systems to ensure their information’s reliability. The findings underline the opportunity for socially responsible organisations to signal their orientation towards sustainable development through the adoption of an innovative tool. Social implications The proliferation of non-financial reports prepared on mandatory basis mitigated the signalling effects related to the disclosure of non-financial information. The case study underlines the opportunity for socially responsible organisations to overcoming this criticism through notarisation. Originality/value To the best of the authors’ knowledge, this is the first study about sustainability reporting practices and blockchain. This research contributes to the currently scarce discussion about the role of blockchain in non-financial reporting. In addition, the authors contribute to the scientific conversation about the need to rethink assurance in non-financial reporting practices.
Blockchain technology has been growing in importance and acceptability over the past few years. Yet, there is limited empirical research on the organizational and technology specific factors that play a critical role in driving its adoption in the supply chain. The purpose of this paper is to develop a comprehensive framework for blockchain adoption in the supply chain by identifying the enablers and empirically evaluating their interdependencies and impact on adoption. 20 enablers of blockchain adoption in the supply chain are identified using an extensive literature review and theoretical lenses from the Diffusion of Innovation (DOI) theory and the business technology adoption model developed by Iacovou, Benbassat and Dexter (1995). In the confirmatory phase, we employ the Decision-Making Trial and Evaluation Laboratory (DEMATEL) method to extract logic from data collected from 37 French experts about the impact of the enablers and their interdependencies. Our paper extends the multi-theoretic empirical studies to blockchain technology and identifies the enablers of blockchain adoption from technological, organizational, supply chain and external environment perspectives. Regarding the importance of the categories of enablers, we find that the relative advantage of the technology and the external pressure are the most prominent categories of enablers that impact blockchain adoption in the supply chain. Our analysis also shows the important causal role on adoption of the potential of blockchain to reduce transaction cost, the consumer interest in traceability data and the establishment of a regulatory framework for blockchain usage.
Sana Elhidaoui, Khalid Benhida, Said El Fezazi, Srinivas Kota · 5 authors
The main purpose of this paper is to study the critical success factors (CSFs) of the blockchain technology (BCT) adoption in green supply chain management (GSCM) which might be literally afirst attempt and also propose aconceptual framework of aGSCM model adopting the BCT, which will be promoting the combination of these two areas in the future. Acritical literature review of the BCT, GSCM, and BCT-based GSCM was conducted to identify the most relevant factors of BCT adoption, followed by the model formulation with the help of interpretive structural modelling (ISM) consisting of CSFs and relationships between those based on experts’ views. The overall results emphasized that ‘recording and trading’-related factors may contribute to the BCT adoption, while others like smart contract must be enhanced. This study supports previous conceptual work on BCT and GSCM and could serve as astarting point to assist in decision-making.
The increasing expansion of the needs of human beings and societies has caused various aspects of human life and societies to face serious challenges and be considered. Supply chain organizations operate in a market in today's global environment that is increasingly complex and dynamic in nature. Stable supply chains are inevitable to meet drastic changes in customer needs. Research has shown that manufacturing companies need to accelerate the shift from focus to sustainability and use technologies such as the Internet of Things (IoT) and blockchain to achieve the organization's goal. In this regard, by expanding the capabilities of the blockchain under the four main areas (1) designing incentive and tokenization mechanisms to promote green consumer behavior; (2) increase visibility throughout the product life cycle; (3) increase system efficiency while reducing development and operating costs; And (4) strengthen the monitoring of sustainability and performance reporting in supply chain networks; it can be seen that the supply chain based on these transformational technologies can play a colorful role in creating stability and a green and efficient supply chain. In this study, the potential opportunities in the IoT to create a sustainable supply chain are discussed. Also, based on this study, a framework has been proposed to show the relationships and effects of the constituent elements of a stable supply chain system based on the Internet of Things and blockchain. The conceptual framework is designed with an emphasis on sustainable development, collaboration and management and can provide a good perspective for implementing a sustainable supply chain based on technology
Michael Paul Kramer, Linda Bitsch, Jon Henrich Hanf
Firms in the agri-food sector have started implementing blockchain technology to both provide transparency over the supply chain transactions and to make trust attributes visible to consumers. Besides the well-known public blockchains such as Bitcoin and Ethereum, private- and consortium-type blockchain platforms exist. The latter ones are being operated in the agri-food ecosystem contributing to the vertically cooperated supply networks that are coordinated by a focal firm. Stakeholders’ attitude and behavioral intentions toward the use of the blockchain technology impact their use behavior. The results show that permissioned blockchain governance mechanisms with consensus and incentives to motivate stakeholders are lacking in private and consortium blockchains. This study closes a research gap as understanding how the stakeholder management approach can compensate for the lack of consensus mechanisms can provide managerial guidance toward the development of an effective stakeholder management strategy, which eventually can be provided for a competitive advantage. As there is little research on the role of blockchain as a novel governance mechanism, this research will contribute to the scholarly discussion toward a common understanding.
Vincent Carrières, Andrée-Anne Lemieux, Manuele Margni, Robert Pellerin · 5 authors
The efficiency of sustainability assessments of textile products is generally prevented because of a lack of available and reliable data across complex and globalized supply chains. The purpose of this study is to evaluate how blockchain traceability data can improve the Life Cycle Assessment (LCA) of textile products and to measure the actual value of exploiting this specific traceability data. To do so, a case study consisting of two LCAs modeling the production of wool top lots in China was conducted. A first LCA was conducted with generic data and the second with the added value of specific blockchain traceability data. Based on the second LCA, different wool top lot composition scenarios were then modeled to account for the environmental impact of different farming practices. Two main results were obtained: the environmental impact of wool top lots can vary up to +118% between two batches depending on their composition, and the specific data changes drastically from the impact calculated with generic data, with +36% calculated impact for the same wool composition of batches. Therefore, it was concluded that blockchain traceability data could be a strong asset for conducting LCA at the batch level by providing differentiated data on batch composition and origin and providing readily available specific data for a more representative assessment.
Logistics plays a major part in any country's or region's economic success. Logistics performance depends upon the trade between other countries and urbanization. Urbanization has major role in logistics performance. However, being a significant energy user, logistics has negative consequences. As the logistics performance increases, carbon emissions increase as well because of more transportation and urbanization. Logistics performance has positive effects related to trade openness which reduces carbon emissions. As a result, it is necessary to understand function of logistics from both economic and environmental standpoint. Logistics performance is affected by urbanization of any region. The dataset for this research is made up of 10 Asian nations with 550 observations from 2010 to 2018 and is based on the theoretical underpinnings of impact of population affluence and technology (IPAT) and stochastic impacts by regression on population affluence and technology (STIRPAT). After applying various tests like cointegration analysis, unit root test, cross-sectional dependence now long & short-term relation of variables is studied by Cross-sectionally augmented autoregressive distributed lag (CS-ARDL). As indicated by the discoveries, the logistic performance index (LPI) is basically effective on economic growth and carbon emissions, particularly when related to IPAT and STIRPAT. The findings are reviewed, and policy implications are offered, which say that current logistical infrastructure should be transformed to more environmentally friendly operations. Finally, the limits are acknowledged, as well as future research possibilities that should be pursued.
Despite the scholarly consent that blockchain technology can play a central role for implementing circular economies (CEs) to arrive at cleaner consumption and production, the blockchain adoption rate by companies for this purpose is low. While this might be partly caused by technology maturity problems, scholars also recognize a lack of vision about blockchain technology applications that might assist companies in implementing CE business models. Particularly, we miss knowledge about consumerdesired future CE scenarios to help the understanding of the likelihood of consumer adoption. In this paper, we therefore ask: What are, from the perspective of future consumers, desirable far-future CEs that use blockchain technology? We present the findings of a study that analyzed 57 consumer-desired CE scenarios in 2041 in which blockchain is used. From the analysis, we identify four ideal types of consumer-desired CEs, and the blockchain use cases in them. Based on that, we discuss and conclude on value propositions for CE business models that companies can use to attract consumer participation and blockchain adoption in pro-circular shifts. Second, we aimed at gathering consumer visions that can guide the strategic investment of companies in the development of blockchain technology applications for efficient CE business models.
Tomasz Dudek, Tygran Dzhuguryan, Bogusz Wiśnicki, Kamil Pędziwiatr
This study focuses on management ways within a city multi-floor manufacturing cluster (MFMC). The application of MFMC in megapolises is closely related to the problem of urban spatial development and the problem of matching transport and logistics services. The operation of the MFMC depends on the efficiency of production and transport management considering technical, economic, end environmental factors. Therefore, conditions affecting decision-making in the field of production planning by MFMCs and accompanying transports within the agglomeration area with the use of the production-service platform were presented. Assumptions were created for the decision model, allowing for the selection of partners within the MFMC to execute the production order. A simplified decision model using the Hungarian algorithm was proposed, which was verified with the use of test data. The model is universal for material flow analysis and is an assessments basis for smart sustainable supply chain decision-making and planning. Despite the narrowing of the scope of the analysis and the simplifications applied, the presented model using the Hungarian algorithm demonstrated its potential to solve the problem of partner selection for the execution of the contract by MFMC.
The present work serves to improve the stable cooperation relationship among subjects of supply chain such as enterprises, farmers, intermediary organizations, and retailers and enhance the governance and optimization of agricultural product supply chain, thus strengthening the competitiveness of China’s agricultural industry. The supply chain governance of agricultural products is taken as the research object. Initially, the stabilities of two supply chain organization modes, “company and farmer” and “company, intermediary organization and farmer,” are analyzed by static game analysis. Then, based on the above analysis and the characteristics of blockchain institutional technology, a detailed analyzation is made on the mechanism of supply chain of agricultural products governance based on blockchain technology. Finally, the functional framework of agricultural supply chain governance is designed based on the basic framework of blockchain technology, and analyzation is made on the trust mechanism and contract mechanism of agricultural supply chain governance based on blockchain technology. The research results show that problems such as information and cognitive constraints in agricultural supply chain governance cannot be completely solved only through the evolution of blockchain organizational structure and the supply of governance mechanism, and speculative behavior will still appear. Optimizing the governance of supply chain of agricultural products based on blockchain technology can realize the transformation of its governance scenario. Meanwhile, the blockchain technologies such as deintermediation, demistrust, and intelligent contract play an important role in the process of agricultural supply chain governance, which can make it change in many aspects such as organization mode, application operation, and governance mechanism. The rapid development of new generation information technologies such as blockchain, the Internet of Things, and computer technology makes it possible to comprehensively digitize economic activities such as production and transaction in the supply chain of agricultural products. The present work combines the technical logic of blockchain digital governance with the institutional logic of agricultural product supply chain governance and tries to solve the instability problems caused by imperfect organization, lack of trust, and incomplete contract in agricultural product supply chain governance with the characteristics of blockchain such as deintermediation, demistrust, and intelligent contract.
The supply network becomes more fragile as it becomes more complex, affecting the core firm’s performance. While previous research on supply network complexity existence paradox. Therefore, to study the nature of supply network complexity, this paper divides the supply chain complexity utility into positive and negative valences based on the valence framework and divides supply chain complexity into supply base complexity, customer base complexity, and logistics base complexity. Based on the trustworthiness and transparency characteristics of blockchain technology, this paper investigates how to use blockchain technology to reduce the negative valence of supply chain complexity while adapting to or improving the positive valence to improve enterprise competitiveness and supply chain sustainability. As a result, the focus of this paper is on how to better manage supply chain complexity using blockchain technologies to increase supply chain sustainability and viability.