Inicio  /  Applied Sciences  /  Vol: 9 Par: 8 (2019)  /  Artículo
ARTÍCULO
TITULO

At the Nexus of Blockchain Technology, the Circular Economy, and Product Deletion

Mahtab Kouhizadeh    
Joseph Sarkis and Qingyun Zhu    

Resumen

The circular economy (CE) is an emergent concept to rethink and redesign how our economy works. The concept recognizes effective and efficient economic functioning at multiple scales?governments and individuals, globally and locally; for businesses, large and small. CE represents a systemic shift that builds long-term resilience at multiple levels (macro, meso and micro); generating new business and economic opportunities while providing environmental and societal benefits. Blockchain, an emergent and critical technology, is introduced to the circular economy environment as a potential enabler for many circular economic principles. Blockchain technology supported information systems can improve circular economy performance at multiple levels. Product deletion, a neglected but critical effort in product management and product portfolio management, is utilized as an illustrative business scenario as to blockchain?s application in a circular economy research context. Product deletion, unlike product proliferation, has received minimal attention from both academics and practitioners. Product deletion decisions need to be evaluated and analyzed in the circular economy context. CE helps address risk aversion issues in product deletions such as inventory, waste and information management. This paper is the first to conceptualize the relationships amongst blockchain technology, product deletion and the circular economy. Many nuances of relationships are introduced in this study. Future evaluation and critical reflections are also presented with a need for a rigorous and robust research agenda to evaluate the multiple and complex relationships and interplay amongst technology, policy, commerce and the natural environment.

 Artículos similares

       
 
Konstantia Karagkouni and Maria Boile    
This study reviews and categorises ports? green initiatives to reduce their polluting emissions and improve their overall environmental performance. These categories facilitate comparisons between different practices and allow the identification of commo... ver más

 
Angelos Filippatos, Dionysios Markatos, Georgios Tzortzinis, Kaushik Abhyankar, Sonia Malefaki, Maik Gude and Spiros Pantelakis    
The current prevailing trend in design across key sectors prioritizes eco-design, emphasizing considerations of environmental aspects in the design process. The present work aims to take a significant leap forward by proposing a design process where sust... ver más
Revista: Aerospace

 
Panagiotis D. Paraschos, Georgios K. Koulinas and Dimitrios E. Koulouriotis    
The manufacturing industry often faces challenges related to customer satisfaction, system degradation, product sustainability, inventory, and operation management. If not addressed, these challenges can be substantially harmful and costly for the sustai... ver más
Revista: Algorithms

 
Marcel Behún and Annamária Behúnová    
The traditional concept of the primary, secondary, tertiary and later quaternary economy is based on several structurally divided and related tasks and processes in processing raw materials and earth resources. Gradually, a new concept of the functioning... ver más
Revista: Applied Sciences

 
Nicole Roberta Giuggioli, Cristiana Peano and Luca Brondino    
Fruit seed oils are of new interest due to their significant properties and can be a good opportunity to recover fruit waste. Actinidia arguta (baby kiwi) fruits are a novelty in the market and berries can be consumed with the peels. Due to their limited... ver más
Revista: Applied Sciences