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Overcoming information asymmetry in the plastics value chain with digital product passports: How decentralised identifiers and verifiable credentials can enable a circular economy for plastics

Author

Listed:
  • Berg, Holger
  • Kulinna, Raik
  • Stöcker, Carsten
  • Guth-Orlowski, Susanne
  • Thiermann, Ricky
  • Porepp, Natalie

Abstract

This paper analyses the potential of digital information technology to enable the reliable provision of product information along the plastics supply chain. The authors investigate the possible contribution of a product passport equipped with decentralised identifiers and verifiable credentials to overcome information deficits and information asymmetry in the circular plastics economy. Through this, high-quality plastics recycling could be enabled on a larger scale than currently possible.

Suggested Citation

  • Berg, Holger & Kulinna, Raik & Stöcker, Carsten & Guth-Orlowski, Susanne & Thiermann, Ricky & Porepp, Natalie, 2022. "Overcoming information asymmetry in the plastics value chain with digital product passports: How decentralised identifiers and verifiable credentials can enable a circular economy for plastics," Wuppertal Papers 197, Wuppertal Institute for Climate, Environment and Energy.
    • Handle: RePEc:zbw:wuppap:197
    DOI: 10.48506/opus-7940
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    References listed on IDEAS

    as
    1. Götz, Thomas & Adisorn, Thomas & Tholen, Lena, 2021. "Der digitale Produktpass als Politik-Konzept: Kurzstudie im Rahmen der umweltpolitischen Digitalagenda des Bundesministeriums für Umwelt, Naturschutz und nukleare Sicherheit (BMU)," Wuppertal Reports 20, Wuppertal Institute for Climate, Environment and Energy.
    2. Yoram Barzel, 1997. "Measurement Cost and the Organization of Markets," Chapters, in: Svetozar Pejovich (ed.), The Economic Foundations of Property Rights, chapter 13, pages 171-192, Edward Elgar Publishing.
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    Cited by:

    1. Langley, David J. & Rosca, Eugenia & Angelopoulos, Marios & Kamminga, Oscar & Hooijer, Christa, 2023. "Orchestrating a smart circular economy: Guiding principles for digital product passports," Journal of Business Research, Elsevier, vol. 169(C).

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