This paper investigates how buyers assess the importance of various attributes of supply chain sustainability disclosed by suppliers. These include different types of disclosure (i.e., product, process, and sourcing network), self- and third-party verified disclosure, partial and full disclosure, as well as the attributes associated with information disclosure using blockchain technology: immutability and update frequency. Building on concepts in signalling theory and inter-organisational trust, our research uses a choice-based conjoint experimental design to elicit responses from 234 managers with decision-making roles in procurement. Using this design, we calculate the relative importance of attributes, part-worth utility, and marginal willingness to pay, and test hypotheses about buyer preferences and willingness to pay. Our research reveals that buyers prefer suppliers with sustainability signals that span across different types of disclosure and methods of disclosure. It emphasises the importance of how sustainability information is disclosed, highlighting buyer trust in self-disclosure and a preference for comprehensive, regularly updated information. However, we find mixed results for buyers' willingness to pay. For instance, buyers prefer third-party verified supply chain transparency, but we do not find a significantly higher willingness to pay for such information compared to self-disclosure. The implications suggest a competitive advantage for suppliers adopting voluntary disclosure, prioritising disclosure based on buyer preferences, and recognising the limited direct impact of blockchain technology. Our research contributes to advancing our understanding of information disclosure in supply chain transparency and presents new avenues of inquiry into the value of blockchain-enabled platforms in supply chain sustainability reporting.
Abstract A sustainable future entails addressing netāzero emissions, which balances greenhouse gas emissions, thereby mitigating climate change. This study explores the relationship between the information quality, system quality, and service quality of blockchaināenabled smart contracts (BSCs) with collaboration quality to achieve netāzero emissions. The study further explores the role of collaboration quality in influencing the intentionātoāuse BSC and organizational satisfaction. The study employed the revised DeLone and McLean model and validated it with data from 434 respondents using structural equation modeling. The results validate all the hypotheses derived from the updated DeLone and McLean information system (IS) success model. There exist significant relationships between information quality, system quality, and service quality in the BSCs leading to collaboration quality to achieve netāzero emissions. The study establishes the significant role of collaboration quality which positively impacts usage behavior and organizational satisfaction, mediated by the intention to use. The findings of this study offer insights for organizations and policymakers seeking to harness blockchain for environmental sustainability.
Abstract This study seeks to identify the determinants of economic and environmental sustainability through green supply chain management (GSCM) and explore the moderating role of blockchain adoption in the relationships between GSCM and economic and environmental sustainability. The theoretical model was developed based on a naturalāresourceābased view and stakeholder theory. The structural equation modelingāfuzzy set qualitative comparative analysis (SEMāfsQCA) was used to analyze the data, which were gathered from 179 organizations in Malaysia. The SEM results showed that green technology, green marketing, and customer pressure are the factors that affect GSCM and enhance economic and environmental sustainability. The fsQCA findings supported SEM results by indicating that a combination of customer pressure, green technology, green marketing, and GSCM was necessary to achieve the highest level of an organization's economic and environmental sustainability. Moreover, the assessment of the moderating effect highlighted that blockchain adoption strengthened the association between GSCM and organization economic and environmental sustainability. The findings of this study help managers and organizations understand how blockchain adoption can enhance economic and environmental sustainability.
The field of sustainability accounting aims to integrate environmental, social, and governance factors into financial reporting. With the growing importance of sustainability practices, emerging technologies have the potential to revolutionize reporting methods. However, there is a lack of research on the factors influencing the adoption of blockchain and cloud-based sustainability accounting in China. This study employs a mixed-methods approach to examine the key drivers and barriers to technology adoption for sustainability reporting among Chinese businesses. Through a systematic literature review, gaps in knowledge were identified. Primary data was collected through an online survey of firms, followed by in-depth case studies. The findings of the study reveal a positive relationship between company size and reporting behaviors. However, size alone is not sufficient to predict outcomes accurately. The industry type also has significant but small effects, although its impact on reporting behaviors varies. The relationship between profitability and reporting behaviors is intricate and contingent, requiring contextual examination. The adoption of blockchain technology is positively associated with capabilities, resources, skills, and regulatory factors. On the other hand, cloud computing adoption is linked to resources, management support, and risk exposures. However, the specific impacts of industry on adoption remain inconclusive. This study aims to offer empirical validation of relationships, shedding light on the intricate nature of interactions that necessitate nuanced conceptualizations incorporating contextual moderators. The findings underscore the importance of providing customized support and adaptable guidance to accommodate the evolving practices in sustainability accounting. Moreover, the assimilation of technology and organizational changes highlights the need for multifaceted stakeholder cooperation to drive responsible innovation and address the challenges posed by digital transformations in this field.
The burgeoning interest in both the circular economy and blockchain technology has spurred numerous proposed integrations. Despite this enthusiasm, empirical research examining the practical feasibility and critical assessment of blockchain's potential within the circular economy remains limited. This study engages with eleven distinguished blockchain experts to critically analyze the prospects of technology integration across various facets of the circular economy, aiming to predict potential outcomes. Utilizing the Delphi method, this research seeks to attain a consensus on the experts' visions and opinions. The findings suggest a nuanced perspective: while certain integrations in the circular economy may face challenges and are unlikely to succeed, others could prove effective in the long term, provided specific conditions are met. When appropriately designed Tokenomics are in place, and the necessary level of digitalization is achieved, blockchain technology can significantly incentivize circular economy practices. However, the complete disintermediation of circular practices through blockchain is viewed as less feasible, owing to its reliance on external data providers.
The building industry is one of the most resource-intensive sectors in industrialized countries, requiring a shift from a linear to a more sustainable circular economic model. Nevertheless, there are several major challenges, such as the management of information regarding used materials and products, the lack of cross-sector documentation tools, and sales operations for implementing a dynamic circular economy in the building industry. To overcome these challenges, blockchain technology for documentation, tracing used materials and products, and the use of multi-criteria decision-making approaches for the ranking and selection of optimal used materials and products have emerged as crucial facilitators, with the potential to address the technological, organizational, environmental, and economic requirements. The purpose of this study is to develop a theoretical framework of a digital platform ecosystem for implementing a dynamic circular economy in the building industry through the integration of blockchain technology and a multi-criteria decision-making approach built upon their synergy. The priority order of two alternatives of used materials and products was determined according to the AHP method, leading to selection of the most sustainable alternative. This research study contributes to dynamic circular economies by (1) facilitating cross-sector information transparency and the tracing of used materials and products from their sources to their end-of-life stages and through (2) the ranking and selection of used materials and products based on their overall properties.
Purpose This study aims to empirically examine how blockchain, one of the emerging Industry 4.0 technologies, can combat climate change by improving their green innovation performance, particularly under conditions of policy uncertainty. Design/methodology/approach This study utilizes the difference-in-difference-in-difference (DDD) method to explore the effect of blockchain on enterprises' green innovation performance. The analysis is based on data from Chinese-listed enterprises spanning the period from 2013 to 2021. Findings First, the adoption of blockchain in enterprises registered in areas designated as low-carbon pilot cities can significantly improve their green innovation performance. Second, the enhancement of green innovation efficiency emerges as the primary driving force behind the adoption of blockchain, thereby leading to improved green innovation performance. Lastly, it is observed that blockchain adoption has a greater positive impact on improving green efficiency in private enterprises compared to state-owned enterprises in China. Practical implications For managers, the findings can provide valuable insights to help them better prepare for the challenges and opportunities presented by the era of Industry 4.0. For policymakers, this study offers valuable insights into the interaction between new technologies in Industry 4.0 and the performance of green innovation, thereby aiding in the formulation of effective policies. Originality/value This study contributes to bridging the existing gap between the adoption of new technologies, such as blockchain, and their potential impact on climate change. Moreover, this research enriches practitioners' understanding of how new technologies in the era of Industry 4.0 can be applied to address significant challenges like climate change.
Abstract This paper seeks to examine the influence of sustainable supply chain strategy (SSCS) on sustainable competitive advantage (SCA) by considering the mediating role of blockchain technology (BCT) adoption and the moderating role of Digital Transformation (DT) and sustainable supply chain practices (SSCP). Drawing upon the resource-based view theory, we empirically tested our model using a sample of 331 hotel and resort managers, and a quantitative approach was used. The results revealed that BCT adoption mediates the relationship between SSCS and SCA. They further explain that DT significantly moderates the relationship between the SSCS and BCT adoption, whereas SSCP significantly moderates the relationship between the BCT adoption and SCA. All research objectives are successfully obtained. As a result, firms must not only adopt sustainable strategies, but also adopt advanced technologies and transformative practices in order to maintain a competitive advantage in todayās dynamic market landscape. The findings of this study hold significant implications for both theory and practice, providing strategic insights for organizations seeking to improve their competitive positioning by embracing sustainable strategies and technologies.
Abstract Consumersā interest in product information, such as nutrition, environment, and social aspects, is increasing in the food market. Blockchain technology can enhance credibility of quality signals on labels through transparency and accountability in the supply chain. This study examines the impact of blockchain technology on reducing consumer uncertainty about credence attributes and facilitating informed choices. It is particularly relevant for food policies, as greater consumer awareness promotes proactive involvement in sustainability and public health. We conducted a choice experiment with 300 Italian consumers, focusing on craft beer and analysing how blockchain technology in strengthens organic and DOP certification. The results provide valuable insights for producers and policymakers to develop voluntary approaches that engage society in objectives that concern the collective well-being. They highlight the potential of blockchain technology in communicating credence attributes and empowering consumers. However, our study reveals that the impact of blockchain technology on choices is influenced by a different level of trust, likely due to the complexity of understanding its functioning.
In the context of accelerating economic transformation and upgrading, and comprehensively promoting the construction of digital China and ecological civilization in China, this paper uses text mining and OLS to quantitatively study the relationship between fiscal decentralization, enterprise digital transformation and green innovation in 31 provinces from 2011 to 2021. This study finds that fiscal decentralization will promote enterprise green innovation and digital transformation, and that digital transformation has a partial mediating effect between fiscal decentralization and enterprise green innovation. Furthermore, this expansive study finds that fiscal decentralization has a positive role in promoting the green innovation of heterogeneous enterprises and enterprises in different regions, among which its promotion effect on state-owned enterprises is higher than that of private enterprises, and its promotion effect on enterprises in the central and western regions is higher than that of enterprises in the eastern region. Moreover, an inverted U-shaped relationship exists between fiscal decentralization and the green innovation of enterprise. In addition, financing constraints have a masking effect between fiscal decentralization and green innovation in enterprise and green innovation significantly promotes enterprise environmental, social and governance (ESG) development.
The green transformation of the manufacturing industry is related to the low-carbon and green development of the economy. The study explored the impact mechanism of the implementation of green finance policy on the green transformation of Chinaās manufacturing industry from 2013 to 2021 from three aspects of capital formation and incentive, credit catalysis, integration and decentralization, and conducted a quasi-natural experiment using difference-in-difference (DID) model. Research finds that: (1) The implementation of green finance significantly promotes the green transformation of Chinaās manufacturing industry and has good sustainability. The mechanisms of fund formation and orientation, credit catalysis, integration and decentralization are the primary mechanism of green finance to promote the green transformation of the manufacturing industry, and the implementation effect of green finance has apparent heterogeneity; (2) The promoting effect of green finance on the green transformation of the manufacturing industry is solely vast in state-owned industries however now not enormous in non-state-owned industries; (3) The influence of green finance on the green transformation efficiency of manufacturing industry with a better information environment is more significant than manufacturing industry with a worse information environment; (4) Faced with the pressure of investing in green industries, the coping strategies adopted by enterprises in different industries are quite different. The promoting effect of green finance on the green transformation of the manufacturing industry is significant in low-competition industries but insignificant in high-competition industries. This study has enriched the research on the effect of green finance policies, explored solutions based on quasi-nature, and provided policy references for the green transformation of the manufacturing industry.
At present, environmental and competitive pressures urge enterprises to engage in research and development (R&D) of green products, and a green supply chain has become the main trend in the sustainable development of enterprises. This study analyzes the optimal operation decisions of a green supply chain for two manufacturers under different competitive and cooperative relationships, considering factors such as government subsidies, consumer green preferences, and the impact of the green information trust. The results show that government subsidies can lead to higher social welfare when manufacturers have a cooperative relationship, but the optimal choice of subsidies (for R&D costs or product production costs) depends on the level of competition and the difficulty of R&D. For the manufacturers, the optimal choice of R&D strategy (individual or joint) and the use of blockchain technology also depends on the level of difficulty of R&D and the type of government subsidies. Overall, this study highlights the importance of considering various factors when making decisions in a green supply chain to achieve the best outcomes for all parties involved.
Davide Basile, Idiano DāAdamo, Valerio Goretti, Paolo Rosa
The integration of circular economy (CE) models into everyday contexts generates huge amount of data involved in goods tracking and tokenization procedures. The sector of blockchain platforms is extremely varied, and the choice of the proper technology is not easy. It is important that the selection is conducted consistently with respect to the CE models. With this study, we present a performance index named Blockchain Circular Economy Index (BCEI). BCEI, obtained through Multicriteria Decision Analysis and Analytic Hierarchy Process, aims to measure the suitability of blockchain platforms to the needs highlighted by a CE scenario. The present study is contextualized by comparing six blockchain platforms, for each of which, the related BCEI is calculated. The results of the analysis show that transaction fee and energy consumption are the two most critical parameters. In addition, the results show the lack of a leading blockchain technology in CE models. Thus, there is a market space that can be exploited given the growing interest in digital and sustainable issues.
Filippo Corsini, Natalia Marzia Gusmerotti, Marco Frey
The circular economy is an emerging paradigm with important economic, environmental, and societal implications. As the world faces such paradigm shifts, new and radical technologies are urgently needed to enable it; blockchain technology can assist to accomplish the aforementioned circular economy shift given its decentralization and distributiveness principles as well as its smart contract capability. This study represents one of the first attempts to analyze those academic research domains together adopting a science mapping technique. By adopting such approach, the study envisages research challenges, highlights important research gaps, and proposes future paths in the blockchain and circular economy fields. Among the others, key findings show that blockchain technology as a tool for promoting the circular economy has been extensively researched at the micro (i.e., firm) and meso levels (i.e., supply chain) more effort on how blockchain can support the development of circular smart cites and measurement tools for providing information to stakeholders and assisting in policy creation expresses the greatest potential in terms of novel research. Moreover, the research suggests that another possible stream of research might be dealing on how blockchain together with physical technologies (e.g., 3D printing, RFID), can support the transition towards the circular economy.
Abstract The unethical behavior of greenwashing threatens the growth of sustainable products and markets. Greenwashing degrades essential efforts to reduce climate change and pollution and to promote social justice. False marketing communication that claims products are sustainable hurts the value of green products and weakens customer capability to prefer sustainable to nonsustainable products. Greenwashing also eliminates trust in āgreenā products. Markets infected by fake āgreenā products ultimately fail to provide the necessary sustainable transformation. Our study demonstrates that consumer access to reliable transparent, traceable, and tamperproof product information counteracts perceived greenwashing among consumers of ecological foods. Furthermore, our data indicate that blockchain information significantly more than certification systems safeguard consumers against the threat of greenwashing. Information validating authenticity promotes the development of sustainable products, protects intellectual property rights for suppliers of green products, and safeguards the supply of green products to consumers. Consumers need key information that ensures the provenance of green products. Conventional wisdom endorses certifications to constrain greenwashing. However, we find that blockchain information dimensions protect brands against perceived greenwashing more robustly than certification systems.
At present, social capital is considered to be one of the important reasons for promoting economic development and causing regional economic differences, but in the existing research, there is little literature on the impact of regional social capital on enterprisesā green innovation behavior and green total factor productivity (GTFP), so this paper aims to enrich the research in this area. This paper builds a regional social capital evaluation index system and uses the super-SBM model to measure the enterprise GTFP. Then, this paper brings regional social capital, enterprise green innovation and GTFP into a unified framework for the first time and further reveals the quantitative relationship between the three by using OLS and Tobit two-step methods based on the panel data of 30 provinces from 2011 to 2019. The results show that regional social capital has a positive effect on enterprise GTFP and green innovation (except for strategic green innovation output), enterprise green innovation output has a positive role in promoting GTFP, and enterprise green innovation capital investment has a masking effect between regional social capital and GTFP. Furthermore, the expansive study finds that there are differences in the impact of regional social capital on green innovation and the GTFP of heterogeneous enterprises, and financing constraints have a positive regulatory effect on the relationship between regional social capital and the GTFP of state-owned enterprises, while having an inhibitory effect on the GTFP of private enterprises. Fiscal decentralization has a partial mediating effect between regional social capital and enterprise GTFP, while urbanization and CO2 emissions have a masking effect. Additionally, this paper aims to provide a reference for the improvement of regional social capital theory, the strategic choice of green innovation of enterprises, and the high-quality development of the economy.
The circular economy (CE) has emerged as a paradigm to protect the environment and the well-being of future generations. In parallel, Blockchain technology (BC) has emerged as a critical enabler for accelerating the transition toward a CE. In order to understand and summarize prior research on the role of BC in the CE, we conducted a systematic literature review (SLR) of 70 seminal articles published before July 2022. Six main themes emerged: a) CE approaches and practices, b) BC and the integration of the Internet of Things (IoT), c) sustainable supply chain management, d) BC and the CE in the COVID-19 era, e) sector-specific BC applications, and f) barriers to BC adoption in the CE. Furthermore, we develop a comprehensive framework that integrates stakeholders, strategies and practices, industrial sectors and a BC-enabled CE.
Okechukwu Okorie, Jennifer D. Russell, Yifan Jin, Christopher Turner Ā· 6 authors
The increasing demand for a sustainable, reliable and secure supply chain for food products has led to the application of digital technologies such as blockchain to improve operational effectiveness. The purpose of this paper is to investigate the integration barriers of Blockchain Technology (BCT) within Circular Food Supply Chains (CFSCs) towards firmās operational effectiveness through a multi-methodological process. Initially the integration barriers are identified through a review of literature and these risks are categorised, using evidence obtained by survey questionnaire completed by experts in the integrated research arena. A further quantified prioritisation of these barriers is made by utilizing a Fuzzy Delphi approach, validated by expert practitioners drawn from the food production and supply organizations. Finally, through semi-structured interviews with Blockchain and Food Supply Chain (FSC) experts, an examination of how the integration barriers affect operational effectiveness may be mitigated is provided. This paper concludes that the identified barriers to blockchain integration have an incremental and real impact on the operational effectiveness of the firm that can only be further clarified through industry-wide standardised processes. Finally, the experts consider blockchain technology an infrastructural addition and enabler of operational effectiveness and not an all-problem solution.
Susanne Kƶhler, Simon Laursen Bager, Massimo Pizzol
Blockchain-based technologies have emerged as a mechanism for governing sustainability in agro-food supply chain, where voluntary sustainability standards have been the main governance mechanisms over the past decades. Despite a growing body of research on blockchain-based technologies, the relationship between these two mechanisms for supply chains remains poorly understood. Therefore, this study aims at addressing this research gap and explaining their interaction. We described and assessed 16 cases of blockchain-based technologies and voluntary sustainability standards against twelve sustainability-related assessment criteria. The results show that the relationship between blockchain-based technologies and voluntary sustainability standards can be co-existing, synergistic, and antagonistic. While most cases fall under the co-existing relationship, we identified a few cases with synergistic relationships, and one case with an antagonistic relationship. We explain each type of relation and show how the system architecture and goal of a blockchain-based technology implementation are key determinants of this relationship. This study can support stakeholders in agro-food supply chain in better understanding the application of blockchain-based technologies for sustainability governance in relation to existing voluntary sustainability standards. It can further inform those stakeholders of possibilities to constructively collaborate and focus on positive social and environmental impacts within agro-food supply chains.
Global competition encourages all industries to attain cutting-edge performance by continuously developing their goods and processes; knowledge is the most effective and powerful weapon for long-term sustainability and growth. Effective blockchain adoption (BCA) and better supply chain visibility (SCV) via organizational and production knowledge management (KM) have emerged as the most powerful instruments for improving sustainable organizational performance (SOP). Therefore, drawing on the resource-based view and technology acceptance model, this study seeks to underline the empirical relationships among KM, BCA, SCV, and SOP in a developing country context of Chinese manufacturing, as research in this sector is still nascent encompassing these constructs. Data were collected from 289 respondents (senior, middle, and junior) level staff members from manufacturing industries and analyzed by a novel approach; partial least square structural equation modeling (PLS-SEM). The empirical analyses indicated that KM significantly impacts BCA. BCA also positively affects SCV. Besides BCA, the KM also positively impacts SOP. The mediation effect analysis revealed the significant serial mediating impact of BCA and SCV on the relationship of KM to SOP. This study enriches the inadequate literature and throws light on BCA from an organizational resource perspective. The study deepens our understanding and delivers valued insights to the managers and policymakers of manufacturing industries concerning the role of KM, BCA, and SCV in achieving SOP.
The paper analyzed the function of Blockchain Technology (BT) in the Circular Economy (CE) to improve the performance of Small and Medium-sized Enterprises (SMEs). It presents a Sustainable Circular Business (SCB) model that utilizes BT to improve the performance of SMEs. A closed-ended questionnaire survey was conducted to gather cross-sectional data from 275 SMEs. A total of 400 questionnaires were issued, of which 285 were received. The CE method in Circular Supply Chain Management (CSCM) provides both ecological and economic advantages to organizations. The advent of the Industry 4.0 era has brought about a strong focus on technology across all industries. The emergence of BT, a relatively new phenomena, has significant potential for enhancing the processes of SMEs. The findings indicate that BT favors the CE due to its characteristics like exposure, accountability, relationship management, and smart contracting. Also, it has been discovered that adopting environmentally friendly methods had a beneficial connection with both the environmental and economic aspects of SMEs performance. Additionally, it was also seen that the ecological sustainability of the business had a favorable relationship with its economic well-being. Finally, it was discovered that both sustainability and economic capabilities were responsible for enhancing the performance of SMEs.
Davide Calandra, Silvana Secinaro, Maurizio Massaro, Francesca Dal Mas Ā· 5 authors
Abstract The paper investigates the relationship between Blockchain technology and new sustainable business models (SBMs). The literature notes a lack of empirical classifications and successful case studies. Using a multiple case studies methodology, our research article aims to answer the research question (RQ): How can Blockchain enable new SBMs and support the United Nations Sustainable Development Goals (SDGs)? We present 20 business stories extracted from a combined analysis of the databases coinmarketcap.com and icobench.com, demonstrating how Blockchain can be used for environmental management. Notably, our analysis finds out four broad research clusters related to (i) smart energy management, (ii) climate change, (iii) waste management, and (iv) sustainable production. Mainly, an actual application of Blockchain toward SBMs is related to supply chain cost reduction. Finally, the research includes investments and their social scalability with Blockchain. Then, the final research cluster discovers social and proof sustainability. This study adds to the empirical literature evidence of SBMs offering a connection with the SDGs.