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Blockchain technology in circular economy: Unpacking the potential issues and critical echoes through data triangulation and natural language processing
Business Strategy and the Environment ( IF 13.4 ) Pub Date : 2024-04-09 , DOI: 10.1002/bse.3763
Santosh Kumar Shrivastav 1 , Surajit Bag 1, 2
Affiliation  

This study aims to identify the current status, potential issues and critical echoes in the integration of blockchain within circular economy (CE) practices. This study utilizes multiple data sources and synthesizes 91 published articles, and over 11,182 social media documents. Word‐embedding‐based clustering technique is employed to derive topics and themes on the use of blockchain in CE. The result of the study demonstrates that industries seek to implement blockchain for CE practices to automate processes for higher efficiency. However, issues revolving around blockchain governance and ethics, the impact of global trade facilitation, the skills required to implement blockchain, and sustainable reverse logistics within CE practices are major concerns. Additionally, acheiving a good return on investment while using blockchain for CE practices is another factor of concern for decision‐makers. This is the first study of its kind to discover topics, themes, potential issues, and critical echoes of integrating blockchain in CE through data triangulation. The results of this study are relevant to managers and policymakers, providing insights into leveraging up‐to‐date developments to address challenges in integrating blockchain within CE practices.

中文翻译:

循环经济中的区块链技术:通过数据三角测量和自然语言处理揭示潜在问题和关键回响

本研究旨在确定区块链在循环经济(CE)实践中整合的现状、潜在问题和关键呼应。这项研究利用多个数据源并综合了 91 篇已发表的文章和超过 11,182 个社交媒体文档。采用基于词嵌入的聚类技术来导出有关 CE 中区块链使用的主题和主题。研究结果表明,各行业寻求在 CE 实践中实施区块链,以实现流程自动化以提高效率。然而,围绕区块链治理和道德的问题、全球贸易便利化的影响、实施区块链所需的技能以及CE实践中的可持续逆向物流是主要问题。此外,在使用区块链进行 CE 实践时获得良好的投资回报是决策者关心的另一个因素。这是同类研究中第一项通过数据三角测量来发现主题、主题、潜在问题以及在 CE 中集成区块链的关键回响的研究。这项研究的结果与管理者和政策制定者相关,提供了利用最新发展来解决将区块链集成到 CE 实践中的挑战的见解。
更新日期:2024-04-09
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