IDEAS home Printed from https://ideas.repec.org/a/gam/jadmsc/v13y2023i8p175-d1207448.html
   My bibliography  Save this article

A Conceptual Study on the Role of Blockchain in Sustainable Development of Public–Private Partnership

Author

Listed:
  • Alessandra Tafuro

    (Dipartimento di Scienze dell’Economia, Università del Salento, 73100 Lecce, Italy)

  • Giuseppe Dammacco

    (Dipartimento di Economia, Management e Diritto dell’Impresa, Università degli Studi di Bari Aldo Moro, 70124 Bari, Italy)

  • Antonio Costa

    (Dipartimento di Scienze dell’Economia, Università del Salento, 73100 Lecce, Italy)

Abstract

Background: Studies have highlighted how public–private partnerships are characterized by a lack of transparency, low availability of data, low accountability, and, often, strong opportunism. All these factors do not allow potential interested parties to trust it. This undermines the possibility of good cooperation between the public and private sectors and has presented a great limit for the Public Private Partnerships (PPPs) diffusion. Several articles in the literature highlight, in general, the numerous advantages generated using the blockchain in different organizations. The adoption of blockchain in the operation of PPPs could be a solution to overcome the limitations encountered in public–private partnerships. The aim of this study is to propose a theoretical framework aimed at connecting two topics (PPPs and Blockchain)—analyzed separately by literature—to highlight how blockchain can correct the limitations inherent to the functioning of traditional PPPs. Methods: The authors applied a qualitative research method to examine the role of blockchain from a PPP perspective. The authors present a conceptual work in which they advance a theoretical framework by integrating and proposing new relationships between constructs and developing logical arguments for these associations. Through a problem-focused approach, besides presenting a solution to overcome the critical issues, the authors also put forward ideas to help fill a gap in the literature to date. Results: The study showed that blockchain can generate a major shift in the function of PPPs. On the one hand, it makes it possible to overcome many limitations that have hindered the development of partnerships, thus making it possible to spread them further, while on the other hand, it has a positive impact on the strategic role of PPPs in achieving sustainable development goals. Conclusions: Blockchain technology is considered very immature, probably because a single underlying standard does not exist and concepts are difficult to master. Based on state-of-the-art standards, blockchain has the potential to be considered a transformative or even disruptive innovation for PPPs.

Suggested Citation

  • Alessandra Tafuro & Giuseppe Dammacco & Antonio Costa, 2023. "A Conceptual Study on the Role of Blockchain in Sustainable Development of Public–Private Partnership," Administrative Sciences, MDPI, vol. 13(8), pages 1-15, July.
    • Handle: RePEc:gam:jadmsc:v:13:y:2023:i:8:p:175-:d:1207448
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2076-3387/13/8/175/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2076-3387/13/8/175/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Min, Hokey, 2019. "Blockchain technology for enhancing supply chain resilience," Business Horizons, Elsevier, vol. 62(1), pages 35-45.
    2. Carlos Oliveira Cruz & Joaquim Miranda Sarmento, 2017. "Reforming traditional PPP models to cope with the challenges of smart cities," Competition and Regulation in Network Industries, , vol. 18(1-2), pages 94-114, March.
    3. Fabio De Matteis & Giovanni Notaristefano & Piervito Bianchi, 2021. "Public—Private Partnership Governance for Accessible Tourism in Marine Protected Areas (MPAs)," Sustainability, MDPI, vol. 13(15), pages 1-14, July.
    4. Darrin Grimsey & Mervyn K. Lewis, 2005. "Are Public Private Partnerships value for money?," Accounting Forum, Taylor & Francis Journals, vol. 29(4), pages 345-378, December.
    5. Matti Siemiatycki & Naeem Farooqi, 2012. "Value for Money and Risk in Public–Private Partnerships," Journal of the American Planning Association, Taylor & Francis Journals, vol. 78(3), pages 286-299.
    6. Saidel Judith, 2017. "Smart Partnership in Contracting: Thriving in a Period of Intense Policy Uncertainty," Nonprofit Policy Forum, De Gruyter, vol. 8(2), pages 121-132, September.
    7. Wermeille, A. & Chanet, J.P. & Berducat, M. & Didelot, D., 2015. "Stakeholders involvement on establishing public-private partnerships through innovation in agricultural mechanization: a case study," International Journal of Agricultural Management, Institute of Agricultural Management, vol. 4(2), January.
    8. Marta Marsilio & Giulia Cappellaro & Corrado Cuccurullo, 2011. "The Intellectual Structure Of Research Into PPPs," Public Management Review, Taylor & Francis Journals, vol. 13(6), pages 763-782, September.
    9. Pascual Berrone & Joan Enric Ricart & Ana Isabel Duch & Valeria Bernardo & Jordi Salvador & Juan Piedra Peña & Miquel Rodríguez Planas, 2019. "EASIER: An Evaluation Model for Public–Private Partnerships Contributing to the Sustainable Development Goals," Sustainability, MDPI, vol. 11(8), pages 1-25, April.
    10. Stefan Verweij & Ingmar van Meerkerk, 2021. "Do public–private partnerships achieve better time and cost performance than regular contracts?," Public Money & Management, Taylor & Francis Journals, vol. 41(4), pages 286-295, May.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Marsela Thanasi Boçe & Julian Hoxha, 2024. "Blockchain Technology as a Catalyst for Sustainable Development: Exploring Economic, Social, and Environmental Synergies," Academic Journal of Interdisciplinary Studies, Richtmann Publishing Ltd, vol. 13, March.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Cian O'SHEA & Dónal PALCIC & Eoin REEVES, 2019. "Comparing Ppp With Traditional Procurement: The Case Of Schools Procurement In Ireland," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 90(2), pages 245-267, June.
    2. Dimas de Castro e Silva Neto & Carlos Oliveira Cruz & Joaquim Miranda Sarmento, 2017. "Understanding the patterns of PPP renegotiations for infrastructure projects in Latin America," Competition and Regulation in Network Industries, , vol. 18(3-4), pages 271-296, September.
    3. Zhao, Jianfeng & Liu, Henry J. & Love, Peter E.D. & Greenwood, David J. & Sing, Michael C.P., 2022. "Public-private partnerships: A dynamic discrete choice model for road projects," Socio-Economic Planning Sciences, Elsevier, vol. 82(PA).
    4. Nannan Wang & Minxun Ma, 2021. "Public–private partnership as a tool for sustainable development – What literatures say?," Sustainable Development, John Wiley & Sons, Ltd., vol. 29(1), pages 243-258, January.
    5. Jiangang Shi & Kaifeng Duan & Guangdong Wu & Rui Zhang & Xiaowei Feng, 2020. "Comprehensive metrological and content analysis of the public–private partnerships (PPPs) research field: a new bibliometric journey," Scientometrics, Springer;Akadémiai Kiadó, vol. 124(3), pages 2145-2184, September.
    6. Rosella Carè & Riccardo De Lisa, 2019. "Social Impact Bonds for a Sustainable Welfare State: The Role of Enabling Factors," Sustainability, MDPI, vol. 11(10), pages 1-23, May.
    7. Veiko LEMBER & Ole Helby PETERSEN & Walter SCHERRER & Robert ÅGREN, 2019. "Understanding The Relationship Between Infrastructure Public‒Private Partnerships And Innovation," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 90(2), pages 371-391, June.
    8. Avner Offer, 2018. "Patient and impatient capital: time horizons as market boundaries," Oxford Economic and Social History Working Papers _165, University of Oxford, Department of Economics.
    9. Opara, Michael & Rouse, Paul, 2019. "The perceived efficacy of public-private partnerships: A study from Canada," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 58(C), pages 77-99.
    10. Vincenzo Varriale & Antonello Cammarano & Francesca Michelino & Mauro Caputo, 2021. "Sustainable Supply Chains with Blockchain, IoT and RFID: A Simulation on Order Management," Sustainability, MDPI, vol. 13(11), pages 1-23, June.
    11. Syed Imran Zaman & Sharfuddin Ahmed Khan & Sahar Qabool & Himanshu Gupta, 2023. "How digitalization in banking improve service supply chain resilience of e-commerce sector? a technological adoption model approach," Operations Management Research, Springer, vol. 16(2), pages 904-930, June.
    12. Vaggelis Papachristos & Constantinos Antonopoulos & Nikolaos P. Rachaniotis & Dimitris Spontas & Thomas K. Dasaklis, 2023. "The Potential of ICT Adoption in Promoting Sustainable and Resilient Supply Chains: Evidence from Greek Logistics Firms," Sustainability, MDPI, vol. 15(22), pages 1-20, November.
    13. Mahmoona Khalil & Kausar Fiaz Khawaja & Muddassar Sarfraz, 2022. "The adoption of blockchain technology in the financial sector during the era of fourth industrial revolution: a moderated mediated model," Quality & Quantity: International Journal of Methodology, Springer, vol. 56(4), pages 2435-2452, August.
    14. Yuri Biondi, 2009. "Capital budgeting under relational contracting: optimal ranking and duration criteria for schemes of concession, project-financing and public-private partnership," Post-Print hal-00404305, HAL.
    15. Demi Chung, 2009. "Developing an Analytical Framework for Analysing and Assessing Public-Private Partnerships: A Hospital Case Study," The Economic and Labour Relations Review, , vol. 19(2), pages 69-90, July.
    16. Chiara Mio & Silvia Panfilo & Benedetta Blundo, 2020. "Sustainable development goals and the strategic role of business: A systematic literature review," Business Strategy and the Environment, Wiley Blackwell, vol. 29(8), pages 3220-3245, December.
    17. Sachin Kumar Mangla & Yiğit Kazançoğlu & Abdullah Yıldızbaşı & Cihat Öztürk & Ahmet Çalık, 2022. "A conceptual framework for blockchain‐based sustainable supply chain and evaluating implementation barriers: A case of the tea supply chain," Business Strategy and the Environment, Wiley Blackwell, vol. 31(8), pages 3693-3716, December.
    18. Xin Huang & Xianling Jiang & Wei Liu & Qian Chen, 2021. "Business Group-Affiliation and Corporate Social Responsibility: Evidence from Listed Companies in China," Sustainability, MDPI, vol. 13(4), pages 1-21, February.
    19. Yi Zheng & Li Liu & Victor Shi & Wenxing Huang & Jianxiu Liao, 2022. "A Resilience Analysis of a Medical Mask Supply Chain during the COVID-19 Pandemic: A Simulation Modeling Approach," IJERPH, MDPI, vol. 19(13), pages 1-21, June.
    20. Benjamin F Teresa, 2016. "Managing fictitious capital: The legal geography of investment and political struggle in rental housing in New York City," Environment and Planning A, , vol. 48(3), pages 465-484, March.

    More about this item

    Keywords

    PPP; blockchain; trust; SDGs;
    All these keywords.

    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:gam:jadmsc:v:13:y:2023:i:8:p:175-:d:1207448. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    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.