IDEAS home Printed from https://ideas.repec.org/a/gam/jjrfmx/v16y2023i3p209-d1104463.html
   My bibliography  Save this article

Blockchain Technology in the Environmental Economics: A Service for a Holistic and Integrated Life Cycle Sustainability Assessment

Author

Listed:
  • Sanja Tišma

    (Institute for Development and International Relations IRMO, 10000 Zagreb, Croatia)

  • Mira Mileusnić Škrtić

    (Faculty of Organization and Informatics, 42000 Varaždin, Croatia)

Abstract

The application of blockchain technology in the field of environmental economics is still in its inception so it is not sufficiently used in a holistic and integrated life cycle sustainability assessment (HILCSA). The capability of the blockchain to provide a verifiable and transparent record can make it a good tool in environmental economics for an agile reflection in doing business and production. The research is focused on the advantages and challenges in the inclusion of blockchain technology into a holistic life cycle assessment. Based on the existing possibilities of using blockchain technology in environmental economics and life cycle assessments (LCAs), a framework and a model for applying the blockchain in the holistic life cycle sustainability assessment are proposed. A Design Science methodology was used as a research strategy. Particular emphasis in this paper is put on risk management when integrating blockchain methodologies through environmental economics into the life cycle sustainability assessment (LCSA) in order to use all the advantages of the blockchain technology optimally.

Suggested Citation

  • Sanja Tišma & Mira Mileusnić Škrtić, 2023. "Blockchain Technology in the Environmental Economics: A Service for a Holistic and Integrated Life Cycle Sustainability Assessment," JRFM, MDPI, vol. 16(3), pages 1-17, March.
    • Handle: RePEc:gam:jjrfmx:v:16:y:2023:i:3:p:209-:d:1104463
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/1911-8074/16/3/209/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/1911-8074/16/3/209/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Eric Mieras & Anne Gaasbeek & Daniël Kan, 2019. "How to Seize the Opportunities of New Technologies in Life Cycle Analysis Data Collection: A Case Study of the Dutch Dairy Farming Sector," Challenges, MDPI, vol. 10(1), pages 1-9, January.
    Full references (including those not matched with items on IDEAS)

    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. David Teh & Tehmina Khan & Brian Corbitt & Chin Eang Ong, 2020. "Sustainability strategy and blockchain-enabled life cycle assessment: a focus on materials industry," Environment Systems and Decisions, Springer, vol. 40(4), pages 605-622, December.
    2. Robert Karaszewski & Paweł Modrzyński & Gözde Türkmen Müldür & Jacek Wójcik, 2021. "Blockchain Technology in Life Cycle Assessment—New Research Trends," Energies, MDPI, vol. 14(24), pages 1-13, December.

    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:jjrfmx:v:16:y:2023:i:3:p:209-:d:1104463. 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.