IDEAS home Printed from https://ideas.repec.org/a/bla/bstrat/v33y2024i6p5463-5484.html
   My bibliography  Save this article

Blockchain technology in circular economy: Unpacking the potential issues and critical echoes through data triangulation and natural language processing

Author

Listed:
  • Santosh Kumar Shrivastav
  • Surajit Bag

Abstract

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.

Suggested Citation

  • Santosh Kumar Shrivastav & Surajit Bag, 2024. "Blockchain technology in circular economy: Unpacking the potential issues and critical echoes through data triangulation and natural language processing," Business Strategy and the Environment, Wiley Blackwell, vol. 33(6), pages 5463-5484, September.
    • Handle: RePEc:bla:bstrat:v:33:y:2024:i:6:p:5463-5484
    DOI: 10.1002/bse.3763
    as

    Download full text from publisher

    File URL: https://doi.org/10.1002/bse.3763
    Download Restriction: no
    File URL: https://libkey.io/10.1002/bse.3763?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:bstrat:v:33:y:2024:i:6:p:5463-5484. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://onlinelibrary.wiley.com/journal/10.1002/(ISSN)1099-0836 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.