Cited by 219Sustainable Supply Chain ManagementBlockchain Technology Applications and SecurityEnvironmental Sustainability in Business

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

Open access
Kouhizadeh, Mahtab, Sarkis, Joseph, Zhu, Qingyun·2019·Applied Sciences

Abstract

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.

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  • Data collection, analysis, and storage processes in AI development require much computational power, which consumes enormous amounts of energy.

    “Likewise, data collection, analysis, and storage processes in AI development require much computational power, which consumes enormous amounts of energy (Cowls et al. 2021;Kouhizadeh et al. 2019).”

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Research works printed but not linked: 4

  1. Lee, D.; Toffel, M.W.; Gordon, R.; Cook Composites and Polymers Co. Harvard Business School Technology & Operations Mgt. Unit. HBS Case No. 608-055. 2009. Available online: https://ssrn.com/abstract=1444806 (accessed on 24 April 2019).
  2. Swan, M. Blockchain: Blueprint for a New Economy; O'Reilly Media, Inc.: Sevastopol, CA, USA, 2015.
  3. Tian, F. An agri-food supply chain traceability system for China based on RFID & blockchain technology. In Proceedings of the 2016 13th International Conference on Service Systems and Service Management (ICSSSM), Kunming, China, 24-26 June 2016.
  4. Mougayar, W. The Business Blockchain: Promise, Practice, and Application of the Next Internet Technology; John Wiley & Sons: Hoboken, NJ, USA, 2016.

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Authors
Kouhizadeh, M., Sarkis, J., & Zhu, Q.
Affiliations
  • Worcester Polytechnic Institute (US)
  • University of Alabama in Huntsville (US)
Corresponding author
Kouhizadeh, Mahtab
Venue
Applied Sciences
Publisher
MDPI AG
Published
2019-04-25
Volume
9
Issue
8
Pages
1712
ISSN
2076-3417 (ISSN-L)
OpenAlex
W2940855133
Cited by
219
References
70
Citations by year
2026: 21 · 2025: 20 · 2024: 35 · 2023: 46 · 2022: 51 · 2021: 28 · 2020: 16 · 2019: 2
FWCI
37.31
Type
journal article
Language
en
Open access
Locations
  • Applied Sciences (publishedVersion, cc-by)
  • DOAJ (DOAJ: Directory of Open Access Journals) (submittedVersion, cc-by-sa)
  • Työväentutkimus Vuosikirja (submittedVersion)
Funders
APICS Research, Innovation, & Strategy Committee (227940)
Topics
  • Social Sciences › Business, Management and Accounting › Strategy and Management › Sustainable Supply Chain Management
  • Physical Sciences › Computer Science › Information Systems › Blockchain Technology Applications and Security
  • Social Sciences › Business, Management and Accounting › Marketing › Environmental Sustainability in Business
Keywords
blockchain, circular economy, product portfolio management, product management, inventory management, waste management, information management, risk aversion

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