Purpose This paper aims to address the gaps in current research by exploring how blockchain technology influences corporate green innovation. Design/methodology/approach This study investigates the potential of blockchain technology to stimulate the green innovation of companies using the difference-in-difference model with a panel data set of 1,803 Chinese listed companies from 2012 to 2019. Findings The application of blockchain significantly increases the number of green invention patents obtained by companies but has no significant impact on green utility model patents, that is, blockchain applications improve the quality rather than the quantity of green innovation. The role of blockchain in promoting green innovation is particularly pronounced in state-owned enterprises, non-heavily polluting industries and older companies. The use of blockchain technology helps reduce sales costs and boosts research and development investments, thereby encouraging green innovation. Additionally, a company’s internal control quality plays a moderating effect. Originality/value Firstly, previous research on blockchain has primarily centered on its relationship with supply chain management. This article empirically tests the impact of blockchain applications on the green innovation of companies using the DID method. Secondly, current studies mainly explore the influencing factors on green invention patents. This article examines the impact of blockchain applications on both green invention patents and green utility model patents and identifies distinct influencing effects. Finally, this article introduces the internal control mechanism of enterprises into the DID model and explores the potential impact of the quality of internal control on the relationship between blockchain and green innovation.
Blockchain technology has received increasing attention from academia, practitioners, and policymakers alike for its potential to disrupt business processes and structures of trade in global value chains (GVC). Amidst the ongoing digitization of economies and societies, blockchain holds promise for addressing unresolved challenges. However, current research on this topic primarily consists of either abstract conceptual work or case studies. To bridge this gap, our study conducts a systematic literature review, aiming to comprehensively explore and structure the realm of blockchain and its impact on international trade. Key research questions explored include: What role do blockchain innovations play in facilitating trade within GVC? Additionally, what are the primary barriers hindering the adoption of blockchain innovations in trade within GVC? Our main contribution lies in categorizing these applications into five distinct categories: Trade Documents; Trade Finance; Trusted Real-Time Information Sharing; Provenance; and Sustainable GVC. Contrary to portraying blockchain innovations as a panacea or universal solution, our findings highlight the technologies’ potential rather as a core technological infrastructure when integrated with complementary technologies such as the Internet of Things. Moreover, we identify 11 significant barriers to blockchain adoption in international trade, underscoring the need for concerted efforts to address them. From these insights, we derive implications for policymakers and practitioners, and propose avenues for future interdisciplinary research.
Eduardo Acosta Llano, Pia Hurmelinna‐Laukkanen, Lauri Haapanen
Purpose This study examines the intricate interplay of blockchain, public governance and the circular economy (CE), aiming to assess the potential of blockchain technology (BT) in addressing challenges associated with the adoption of CE principles, particularly in the public sector. Design/methodology/approach Focused on public governance, the research employs in-depth interviews with Finnish policymakers actively engaged in CE initiatives. Qualitative analysis is applied to derive insights and patterns from the gathered data, providing a nuanced understanding of blockchain’s transformative role. Findings The study uncovers key dimensions for leveraging blockchain in the CE within the public sector. Notable findings include the significance of contextual transparency, the use of incentivization as a regulatory tool, the role of standardization through strategic autonomy and the importance of public engagement and participation. Originality/value This research contributes a unique framework that illuminates the transformative potential of blockchain within the CE, emphasizing its relevance to public governance. The identified dimensions offer practical insights for policymakers and practitioners seeking to navigate the complexities of circular transitions in the public sector.
Abstract In the era of emerging technologies, many firms explore the role of blockchain technology and its impact on corporate market value. Past research has shown that companies benefit from executing blockchain projects, but little is known about specific value and risk drivers. Hence, we provide evidence for several conditions under which blockchain provides additional firm market value. Moreover, we test whether blockchain announcements lead to changes in the systematic risk of firms. Theoretically founded on the resource-based view, we utilize the event study methodology, supplemented by a multivariate regression and a firm’s beta analysis. We find that stock markets react positively to corporate blockchain news if the announcement is related to a blockchain consortium or partnership, is declared by a tech company, or if the announcement is a follow-up announcement to initial blockchain news. Moreover, our findings show that blockchain announcements do not lead to significant changes in a firm’s systematic risk.
Abstract Although Industry 4.0 plays the role of a catalyst in the transition from a linear economy to a circular economy (CE), some sustainability goals are neglected by prioritizing machines over humans. Industry 5.0 insists on combining technology with human values to achieve sustainable development goals. Therefore, the integration of CE and Industry 5.0 leads to sustainable synergy in various industries, especially in manufacturing industries. However, their integration is always associated with challenges and barriers. This study identifies a set of these barriers in the electric vehicle battery production industry from the financial, technical, supply chain, cultural, and regulatory and processes perspectives through a deep literature review. The fuzzy weighted influence non‐linear gauge system method is used to analyze the relationship between identified barriers and their prioritization. Finally, we leverage the knowledge of four experts from an electric vehicle battery manufacturing company in Southeast Asia to validate the proposed approach and to rank the barriers. The results demonstrate that immature technology providers are the biggest obstacle in the integration of blockchain‐based CE and Industry 5.0 in the electric vehicle battery manufacturing industry.
The application of Blockchain to enhance the industry's social economic resilience is widely of concern in the science, technology, and pharmaceutical industries. The research discusses the resilience of the Active Pharmaceutical Ingredient (API) in the face of global health challenges and how blockchain can improve supply chain transparency and efficiency through its unique distributed ledger (DLT) technology. The report uses literature review methods to analyze the application of blockchain technology to real-time data sharing in the API supply chain and its impact on improving API supply chain adaptability, optimizing resource allocation, and enhancing risk management capabilities. As can be seen from the result, through the real-time data sharing by the distributed ledger (DLT), the API supply chain can more effectively respond to the fluctuation of the environment and market to enhance its social and economic resilience. This research demonstrates the potential of blockchain technology in optimizing pharmaceutical supply chain management to safeguard human health and well-being.
This study investigated the impact of blockchain-driven supply chain analytics on the dimensions of lean, agile, resilient, green, and sustainable (LARGS) supply chain management, as well as supply chain innovation (SCI) and sustainable supply chain performance (SSCP). The research involved 262 managers and vice presidents of supply chains from large- and medium-sized manufacturing companies listed in the Tehran Stock Exchange. A hybrid approach utilizing structural equations modelling with partial least squares-structural equation modeling (PLS-SEM) and the adaptive neuro-fuzzy inference systems (ANFIS) technique was employed for data analysis. The findings demonstrated a significantly positive effect of blockchain-driven supply chain analytics on SCI, the LARGS supply chain, and SSCP. Additionally, SCI exhibited a significantly positive impact on the LARGS supply chain and SSCP. Moreover, the LARGS supply chain was shown to have a significantly positive influence on SSCP. Both SCI and the LARGS supply chain played positive and significant mediating roles in the impact of blockchain-driven supply chain analytics on SSCP. Furthermore, the LARGS supply chain also acted as a significant mediator in the effect of SCI on SSCP. Lastly, SCI had a positive and significant mediating role in the impact of blockchain-driven supply chain analytics on the LARGS supply chain. In conclusion, it can be inferred that blockchain-driven supply chain analytics contributes to the enhancement of SSCP through the facilitation of SCI and the promotion of LARGS supply chain principles.
Gang Ping, Sherry X Wang, F. Zhao, Zeyu Wang · 5 authors
This study explores the application of blockchain technology in e-waste recycling, focusing on enhancing reverse logistics data tracking. A blockchain-based system integrating IoT sensors, smart contracts, and a token-based incentive mechanism was designed and implemented. The case study in Metropolis demonstrated significant improvements in e-waste management efficiency. Recycling rates increased by 27%, material recovery efficiency improved by 18%, and stakeholder participation doubled. The system processed an average of 50,000 transactions daily, proving its scalability. The blockchain implementation addressed key challenges in e-waste management, including lack of transparency and inefficient processes. The immutable audit trail enhanced traceability, fostering trust among participants. The token-based incentive system drove behavioral changes, increasing consumer participation by 119%. The study contributes to the theoretical understanding of blockchain applications in environmental management and extends literature on reverse logistics. Practical implications include a blueprint for implementing blockchain-based e-waste management systems, insights for policymakers, and opportunities for technology developers. The research demonstrates blockchain's potential to address environmental challenges, offering a promising path towards sustainable resource management practices. Future research directions include exploring cross-border e-waste management and integrating artificial intelligence for predictive analytics.
Inês A. Ferreira, Guido Palazzo, António Pinto, Pedro Pinto · 7 authors
Abstract Adopting innovative technologies such as blockchain and additive manufacturing can help organisations promote the development of additive symbiotic networks, thus pursuing higher sustainable goals and implementing circular economy strategies. These symbiotic networks correspond to industrial symbiosis networks in which wastes and by-products from other industries are incorporated into additive manufacturing processes. The adoption of blockchain technology in such a context is still in a nascent stage. Using the case study method, this research demonstrates the adoption of blockchain technology in an additive symbiotic network of a real-life context. The requirements to use a blockchain network are identified, and an architecture based on smart contracts is proposed as an enabler of the additive symbiotic network under study. The proposed solution uses the Hyperledger Fabric Attribute-Based Access Control as the distributed ledger technology. Even though this solution is still in the proof-of-concep t stage, the results show that adopting it would allow the elimination of intermediary entities, keep available tracking records of the resources exchanged, and improve trust among the symbiotic stakeholders (that do not have any trust or cooperation mechanisms established before the symbiotic relationship). This study highlights that the complexity associated with introducing a novel technology and the technology’s immaturity compared to other data storage technologies are some of the main challenges related to using blockchain technology in additive symbiotic networks.
Patrick Burgess, Funlade Sunmola, Sigrid Wertheim‐Heck
The growing demand for transparency in sustainable food production creates a challenge for supply chains to meet the diverse information needs of stakeholders. This research addresses this challenge by identifying and prioritising information needs within sustainable food supply chains. Employing a mixed-methods approach, the study identified 14 information needs, categorised them into three clusters: a) product and quality details information, b) production and processing information, and c) sustainability information, and prioritised the information needs. Experts highly prioritised information needs on quality and safety, followed by product origin and nutrition/ingredients. The research suggests that blockchain technology can play a role in supporting consumer decision-making. These findings can inform the development of information-sharing systems that enhance transparency and support consumer decision-making in sustainable food supply chains.
We investigate the impact of rival entry on blockchain technology development by modelling a supply chain, in which an incumbent manufacturer (she), facing the entry of an entrant manufacturer (it), develops the blockchain platform through investments to improve the traceability and transparency of products procured from one supplier (he). Our study shows the rival entry (competition) may not necessarily promote blockchain technology adopted by the incumbent manufacturer, whether the blockchain platform is permissioned or non-permissioned. Furthermore, the entry of a new firm may trigger an ‘all-win’ situation for all parties involved not only in the permissioned scenario but, surprisingly, also in the non-permissioned one. In such a situation, the incumbent manufacturer and the supplier will be both more profitable conditionally, after the entrant manufacturer enters the market. Finally, the issue that a permissioned or non-permissioned blockchain platform should be built is discussed in this work. If the use cost coefficient and the development cost coefficient of blockchain technology are both low, or if the use cost coefficient is high while the development cost coefficient is low (not very low), the incumbent manufacturer should establish a permissioned blockchain platform, and otherwise a non-permissioned one.
This paper examines the use of blockchain technology in power battery echelon recycling. The technology helps to improve battery capacity identification and market transaction trust. The study focuses on power battery manufacturers and recycling participants. Two recycling modes are constructed using the Stackelberg game method, and the optimal decision-making of the participating subjects in the two modes of power battery echelon recycling under the embedding of blockchain technology is compared. The influence of each parameter on the optimal decision-making is analyzed. The research findings indicate that the degree of blockchain technology integration rises as the preference coefficient for traceability information increases. When recycling competition is intense and the sensitivity of recycling prices is low, the optimal recycling model for the number of spent power batteries (SPBs) to be recycled is the model in which echelon utilizers do not participate in recycling if the level of cost optimization coefficient embedded in blockchain technology is high, otherwise, it is the model in which echelon utilizers participate in recycling. The profit of power battery manufacturers and echelon utilizers decreases with the increase of the intensity of power battery recycling competition, the cost optimization coefficient of echelon utilizers and the cost optimization coefficient of manufacturers.
Green supply chain management (GSCM) integrates environmental considerations into supply chain functions from product design to end-of-life management. This chapter examines the emerging applications of artificial intelligence (AI) for advancing sustainability across supply chain operations and decision-making. Specifically, it reviews the use of AI-powered analytics, optimization algorithms, machine learning systems, and distributed ledgers for enabling circular resource flows across global value chains. The chapter also critically evaluates the successes, limitations, risks, and ethical considerations of current AI applications in GSCM. Challenges related to data quality, algorithmic bias, job automation risks, and operational integration complexities are discussed, along with mitigation strategies. Case studies demonstrating AI's impact on solving real-world supply chain sustainability issues are incorporated. The chapter broadens the discussion to encompass economic, social, and environmental dimensions of sustainability, as well as AI's role in enhancing supply chain resilience.
Sachin Modgil, Shivam Gupta, Bobo Zhang, Surajit Bag
Abstract This study is centred on introducing a distinctive landscape towards a circular economy powered by blockchain‐enabled supply chain finance strategies. Our research examines five cases engaged in helping organisations achieve their circular economy targets. The objective is to establish a comprehensive framework for circular economy. Within these secondary data‐based case studies, we identify the challenges faced by a typical linear economy and how modern and blockchain‐driven platforms are helping businesses contribute to the circular economy. The outcome of our study proposes a three‐step approach unveiling blockchain technologies, supply chain finance strategies and enablers of circular economy contributing to 10R principles. Our study underscores how these cases across the globe can serve as valuable examples to other organisations, encompassing sectors from manufacturing to core‐service based such as e‐commerce. These sectors involve complex supply chains, and hence, blockchain‐enabled supply chain finance strategies can be a solution to foster a circular economy. In conclusion, our research not only provides theoretical and practical insights and implications for policymakers but also lays the groundwork for potential future research in this domain.
Abstract Electric vehicles (EVs) and their battery recycling have recently garnered heightened attention from both firms and consumers, primarily driven by concerns related to environmental sustainability. However, consumers often grapple with uncertainties regarding the green valuation of EVs. Integrating blockchain traceability technology presents a promising solution to mitigate these ambiguities by providing traceable, immutable, and precise information. Within this context, this research, grounded in a game-theoretical framework, delves into the strategies involving blockchain traceability in the pre-purchase and post-purchase stages of EVs. Specifically, the paper analytically studies the influence of three distinct strategies, namely, non-blockchain traceability, forward blockchain traceability, and Forward–reverse blockchain traceability, on the willingness of EV manufacturers to adopt blockchain technology. In addition, the study incorporates two prevalent government subsidies to scrutinize and contrast their implications on optimal outcomes. The findings of this study uncover the nuanced relationship between adopting blockchain traceability and its impact on EV sales. Notably, the research shows that the positive impact on consumers’ surplus from blockchain adoption depends on the cost coefficient of green low-carbon levels not exceeding a particular threshold. Moreover, regarding the use of government subsidies to enhance overall social welfare, it is shown that the forward blockchain traceability strategy should align with consumer-oriented subsidies and the Forward–reverse blockchain traceability strategy with EV maker-oriented subsidies.
Abstract The circular economy concept is gaining increasing prominence in academic, corporate, and government circles; however, its dissemination is still limited. There is a lack of studies that address strategies, practices, and enabling technologies guided by the principles of developing processes and products for a more rational use of natural resources, reducing consumption, or promoting their recovery. Technological resources can be a crucial issue in enabling the implementation of circular practices. Companies need to plan IT infrastructure and collaborative platforms that can connect them with different stakeholders and leverage digital technologies such as blockchain. This study aims to analyze platforms based on blockchain technology and their contribution to the implementation of circular economy practices, identifying the design, platform functionalities, and how the platforms are being integrated into companies' circular economy programs. The research approach was qualitative, using multiple case studies. The results indicate that blockchain technology helps achieve circular economy practices by bringing transparency to the system and improving market position. The study also contributes to the emerging platform literature by exploring blockchain platforms with functionalities linked to executing circular practices such as Tokens and NFTs in the context of sustainability.
Francesca Spigarelli, Lorenzo Compagnucci, Dominique Lepore
Abstract This paper delves into the growing need for collaborative technological solutions to address environmental challenges, with a focus on the underexplored potential of Industry 4.0 technologies, in particular as regards blockchain technology (BCT) in small and medium-sized enterprises (SMEs). Recognizing the obstacles faced by SMEs when embracing green and digital transformation, this research aims to investigate how innovation intermediaries are able to unlock the collaborative potential of BCT for SMEs so as to enhance their environmental sustainability. When assessing and analysing the role of innovation intermediaries, we have also considered their interconnections and interactions with other actors: universities, government institutions and firms (the so-called “stakeholders”). Our research is based on a multiple case study of a still largely unexplored intermediary in the European context, the digital innovation hub (DIH), which extends the applicability of the technological innovation system framework. This approach contributes to research both on innovation intermediaries and on the development of collaborative partnerships for digitalization. The findings reveal the challenges encountered by DIHs, particularly in legitimizing BCT-based solutions. To address these, identified, weaknesses, the paper proposes a conceptual roadmap aimed at improving collaboration among DIHs, SMEs, and their stakeholders. This roadmap outlines three essential functions: enabling, core, and facilitating effective partnerships and innovation processes.
Abstract Purpose Social life cycle assessment (S-LCA) allows for quantifying the social aspects related to the life cycle of a product and/or organization through an integrated and holistic approach. While there have been methodological and implementation advancements over the last years, there are still several critical issues, such as concern about the quality and availability of the data used in the assessment process. Therefore, this study aims to discuss the main peculiarities of Blockchain Technology and how it could be useful for S-LCA applications. Method The characteristics of Blockchain Technology were investigated in order to understand how and whether can be a synergistic support in the implementation of S-LCA. In order to do this, the main challenges and gaps of S-LCA methodology are identified. Therefore, a literature analysis was performed to identify the characteristics of Blockchain Technology within the context of SCM, how these peculiarities already support the life cycle thinking (LCT) tools, and whether these synergies can support also S-LCA studies. Results and discussion Blockchain is considered a revolutionary tool for supporting supply chain management due to its distributed data recording and assets tracking platform, which enhances transparency and provides real-time information. The traceability offered by Blockchain can be a valuable resource for conducting LCT studies, enabling improved data differentiation and origin identification as well as the identification of technology and inputs involved in analyzed product systems. Additionally, modeling a Blockchain to incorporate social data can aid in identifying locations, and the correlated social issues, where potential social risks occur by monitoring them over time. Consequently, a set of social indicators directly linked to social data should be defined for each supply chain evaluated. Conclusions The use of Blockchain Technology within S-LCA methodology approach will help organizations toward stronger supply chain management practices by tracing sustainable information related to products. Consequently, it can provide more transparent, reliable, and verifiable information to consumers on the product’s life cycle. From a methodological perspective, Blockchain Technology can serve to collect social data along the supply chain, thereby contributing to a comprehensive understanding of the life cycle of the product. By doing so, it is possible to identify social and socio-economic risks throughout the supply chain and monitor them over time in order to be used as potential internal benchmarks. Further developments will be needed to define the integration of Blockchain Technology within the framework of S-LCA and more broadly in social organizational LCA.