Abstract
The shift from linear to circular economic models is critical for addressing resource depletion and environmental challenges. Blockchain technology, with its attributes of transparency, traceability, and decentralized data management, provides innovative solutions to enhance circular economy (CE) practices. This study develops a conceptual framework to integrate blockchain into CE, focusing on optimizing environmental, economic, and social sustainability. Through an extensive review, the study identifies blockchain’s role in tracking material lifecycles, reducing waste, and automating processes like recycling through smart contracts. Findings reveal that blockchain-enabled CE practices minimize greenhouse gas emissions, reduce operational costs, and enhance resource efficiency. Additionally, these practices create green jobs, promote fair labor standards, and foster community engagement. The study concludes that blockchain-powered CE strategies significantly support sustainability goals but require addressing challenges like energy consumption and IoT integration. This research offers actionable strategies for implementing blockchain-enabled CE systems.
| Original language | English |
|---|---|
| Title of host publication | Blockchain Technologies for Smart Circular Economy and Organisational Sustainability |
| Editors | Rubee Singh, Wasswa Shafik, Vikas Kumar |
| Publisher | Springer Cham |
| Pages | 161-175 |
| Number of pages | 15 |
| ISBN (Electronic) | 9783031891830 |
| ISBN (Print) | 9783031891823 |
| DOIs | |
| Publication status | Published - 27 Jul 2025 |
Publication series
| Name | Environmental Footprints and Eco-Design of Products and Processes |
|---|---|
| Publisher | Springer Cham |
| ISSN (Print) | 2345-7651 |
| ISSN (Electronic) | 2345-766X |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 8 Decent Work and Economic Growth
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SDG 12 Responsible Consumption and Production
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SDG 13 Climate Action
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SDG 16 Peace, Justice and Strong Institutions
Keywords
- Blockchain technology
- Circular economy
- Efficient management
- Organizational practices
- Sustainability
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