| Title | Blockchain-based circular economy for achieving environmental sustainability in the Indian electronic MSMEs |
|---|---|
| ID_Doc | 999 |
| Authors | Mukherjee, S; Nagariya, R; Baral, MM; Patel, BS; Chittipaka, V; Rao, KS; Rao, UVA |
| Title | Blockchain-based circular economy for achieving environmental sustainability in the Indian electronic MSMEs |
| Year | 2023 |
| Published | Management Of Environmental Quality, 34, 4 |
| Abstract | Purpose The circular economy is a production and consumption model that encourages people to share, lease, reuse, repair, refurbish and recycle existing materials and products for as long as possible. The blockchain-based circular economy is being used in many industries worldwide, but Indian electronic MSMEs face many problems in adopting a blockchain-based circular economy. The research aims to discover the barriers the electronic MSMEs face in adopting a blockchain-based circular economy and pull back from achieving environmental sustainability in their operations. Design/methodology/approach Fifteen barriers are identified from the literature review and finalized with experts' opinions. These barriers are evaluated by using interpretive structural modeling (ISM), MICMAC analysis and fuzzy TOPSIS method. Findings Lack of support from distribution channels, lack of traceability mechanism and customer attitudes toward purchasing remanufactured goods are identified as the most critical barriers. Practical implications The study will benchmark the electronic MSMEs in achieving environmental sustainability in the blockchain-based circular economy. Originality/value It is a study that not only establishes a hierarchical relationship among the barriers of blockchain adoption in Indian electronic MSMEs but also verifies the results with fuzzy TOPSIS method. |
Similar Articles
| ID | Score | Article |
|---|---|---|
4468
|
Chaudhari, RS; Mahajan, SK; Rane, SB; Agrawal, R Modeling Barriers in Circular Economy Using TOPSIS: Perspective of Environmental Sustainability & Blockchain-IoT Technology(2022)International Journal Of Mathematical Engineering And Management Sciences, 7, 6 | |
| 2134
|
Khan, SAR; Razzaq, A; Yu, Z; Miller, S Industry 4.0 and circular economy practices: A new era business strategies for environmental sustainability(2021)Business Strategy And The Environment, 30, 8 | |
| 3365
|
Jamwal, A; Agrawal, R; Sharma, M A Framework to Overcome Blockchain Enabled Sustainable Manufacturing Issues through Circular Economy and Industry 4.0 Measures(2022)International Journal Of Mathematical Engineering And Management Sciences, 7, 6 | |
| 1300
|
Khan, SAR; Yu, Z; Sarwat, S; Godil, DI; Amin, S; Shujaat, S The role of block chain technology in circular economy practices to improve organisational performance(2022)International Journal Of Logistics-Research And Applications, 25, 4-5 | |
| 207
|
Souza, EB; Carlos, RL; de Mattos, CA; Scur, G The role of blockchain platform in enabling circular economy practices(2024) | |
| 21040
|
Trollman, H; Garcia-Garcia, G; Jagtap, S; Trollman, F Blockchain for Ecologically Embedded Coffee Supply Chains(2022)Logistics-Basel, 6, 3 | |
| 1714
|
Tang, YM; Chau, KY; Fatima, A; Waqas, M Industry 4.0 technology and circular economy practices: business management strategies for environmental sustainability(2022) | |
| 4901
|
Cerchione, R Design and evaluation of a blockchain-based system for increasing customer engagement in circular economy(2024) | |
| 3572
|
Rejeb, A; Appolloni, A; Rejeb, K; Treiblmaier, H; Iranmanesh, M; Keogh, JG The role of blockchain technology in the transition toward the circular economy: Findings from a systematic literature review(2023) | |
| 20224
|
Rizvi, SWH; Agrawal, S; Murtaza, Q Circularity issues and blockchain technology in the auto industry(2022)Energy Sources Part A-Recovery Utilization And Environmental Effects, 44, 3 |